RE: Gold on the rise....VC,the markets are to be taken out to the woodshed.
If that happens I am afraid for all junior equities but it seems we trade on extremely low volume now.
Soho is not being recognised for its assets in the present market climate.
This has led many Soho investors to become disgruntled and many potential Soho investors to be leery.
As Jim Puplava stated on Q-calls on FSN this past weekend it will be the miners that survive and are the next(only) go to equity asset class.
Taheuheuto is a significant deposit with high grade ore( I understand that a year ago Taheuheuto drilling was discovering 30-40% mineable ore structure).
So,the deposit is robust and should have numerous major parties interested in it's development.
Now we wait for Soho manangement to be approached by the most serious parties to negotiate the fairest deal for all involved.
Of course,the announcement of Soho's acquisition- our high grade silver project- appears healthy.
An additional Sierra Madre deposit extremely close to all necessary infrastructure.Drill plan announced.
When gold and silver break out here the juniors will eventually catch the bid.
It has been a very trying time these last few years.
Let's give Soho manangement the credit it deserves for merely surviving a 1930's stock market crash,negotiating a promising, additional deposit (with favourable terms),delineating and preparing Taheuheuto to a stage where larger mining companies can now study the project geologically and address the merit on it's worth.
Exmin,Continuum,Minera Andes-all threatened and/or gone.
Soho:1.8 million oz Au Eq delineated (NR43-101) polymetallic deposit in the Sierra Madres with past drilling barely touching the true extent of the vast resource at Taheuheuto.
We now wait for management to direct the course of our investment.
The worst is over but it has been a rough ride.