Tocvan Ventures Corp C.TOC

Alternate Symbol(s): TCVNF

Tocvan Ventures Corp. is a Canada-based early-stage natural resource company. The Company is engaged in the acquisition, exploration, and, if warranted, development of mineral properties. The Company has two projects, the flagship Pilar Gold Project and the El Picacho Gold Project in the Sonora State of Mexico. The Company’s flagship project Pilar Gold is located approximately 130 kilometers (km) southeast of the capital of Sonora, Hermosillo. The project is fully road accessible and takes approximately two hours to drive to from Hermosillo to the town of Suaqui Grande on paved highway. From Suaqui Grande to the project site is approximately 30 mins on gravel road. 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).

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Tocvan Ventures Corp > Bullish flag has formed with a $1.60 target

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Comment by lifegoesonon Apr 30, 2021 1:09pm

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Post# 33102004

RE:RE:Bullish flag has formed with a $1.60 target

GutterGuy, I looked at the RBC Analyst and Research Section and see that Morningstar's Take indicates that the Fair Value is $1.23 but they don't provide any technical analysis behind the valuation. My guess is the data that drives the valuation exercise is largely due to the amazing share structure of a little more than 27 M ahares and the levels at which they raised money (last raise at $0.60). Not sure everything else they used such as near 20,000 m of drilling (current and historic) or the last drilling results (excellent).