RE: Matt can you check my mathNo time to check so I trust you can use a calculator.
The $25 metric seems fair.
I have posted here that Bob Dickinson (bio/credentials below) describes / values resource deposits as follows:
"Take an all-gold company, for example:
You generally get valued at between $10-20/ounce for an inferred resource, then $50/ounce when you’re at the feasibility level."
Taheuheuto is not strictly gold but rather polymetallic.
However ,the deposit has now been developed into partially 'measured and indicated' status which suggests pre-feasibility is within reach.
Let's hope the company can limit dilution and protect their shareholders.
Orko has fully drilled and developed their entire deposit and then brought in Pan Am as a partner in the time Soho has initially drilled their first three zones.
Orko has done all this with approx. 110 million shares outstanding.
Soho has not developed Taheuheuto at anywhere near the same pace although Taheuheuto seems to hold at least a similiar or even greater promise than La Preciosa and Mr. Zhang may add variables for Soho shareholders not yet seen.
Soho needs to continue drilling and limit/stop dilution.
Soho needs to strike some options and/or develop synergies that can protect shareholders while still developing Taheuheuto at an expeditious rate.
Orko developed La Preciosa expeditiously with Goldcorp holding an equity interest.Soho has no senior interested partner(s).
My opinion only and I own a boat load of Soho shares.
After all,we sit at .09 and not .30 where we should be or .60 where it has been suggested this share is presently valued.
There is a discount on Soho shares at present and it is hard for the company to exercise options and develop Taheuheuto while the present discount exists.
Robert A. Dickinson
Chairman of the Board
Vancouver, BC , CN
Vancouver, BC , CN
Vancouver, BC , CN
Vancouver, B.C. , CN
Vancouver, B.C. , CN
60 Years Old
Robert Dickinson is an economic geologist who serves as a member of management of several mineral exploration companies, primarily those for whom Hunter Dickinson Services Inc. (formerly Hunter Dickinson Inc.) provides services. He holds a Bachelor of Science degree (Hons. Geology) and a Master of Science degree (Business Administration - Finance) from the University of British Columbia. Mr. Dickinson has also been active in mineral exploration over 40 years. He is a director of Hunter Dickinson Services Inc. (formerly Hunter Dickinson Inc.) He is also President and Director of United Mineral Services Ltd., a private investment company.