Tocvan Ventures Corp C.TOC

Alternate Symbol(s): TCVNF

Metals & Mining Gold

Tocvan Ventures Corp. is a Canada-based early-stage natural resource company. The Company is engaged in the acquisition, exploration, and development of mineral properties. The Company operates two projects, the flagship Gran Pilar Gold Project and the El Picacho Gold Project in the Sonora State of Mexico. The Gran Pilar Gold Project is located approximately 130 kilometers (km) southeast of the capital of Sonora, Hermosillo. The property consists of two concessions, the Guadalupana concession and La Sonora concession, totaling approximately 2,278 hectares (ha). The El Picacho Gold-Silver property is interpreted as an orogenic gold system within the regional Caborca Orogenic Gold Belt. The project is 140 km north of Hermosillo and totals 24 square kilometers (km2). The property consists of 12 mining concessions totaling 2,395 ha.

CSE:TOC - Post by User

Tocvan Ventures Corp

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Post by GregL80on Oct 22, 2020 12:20am

365 Views

Post# 31760373

TSXV Research just covered Tocvan - worth AT LEAST $1.53!!

I just came across this research report. This geology regularly gets bonanza grade deposits! Time to buy the shares up....

Research report

"TOC’s current share price of C$0.40 (US$0.30) is a staggering 383% discount to intrinsic value. Conservative estimates show that comparable assets of a more advanced stage are worth, on average, $149.31M using a 20% discount rate. In order to account for the earlier stage of the project, I have simulated equity raises of $10M, and assumed the project will not reach a stage where an economic assessment is available until June 30, 2024. While I believe these assumptions are conservative, particularly with the impact of the assumption of a $10M raise, it is a useful test in demonstrating the intrinsic value of the asset."

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