Analyst Report Predicts a ~4x from current pricehttps://www.slideshare.net/MomentumPR/july-zurich-equity-research-report Starting on Page 17 Equity research has published a write up analysis on Sonoro Gold (SGO SMOFF) comparing it to how the market should react to other #gold tickers like KNT, IVN, MAI at the time they went into production and all of which multibagged in share price!
PEA for Sonoro is coming in days or weeks and mine plan and contrsuction will start in the fall. Production is planned to start Q1 2022. Financing for this is expected to happen through a debt financing and won’t be dilutive to current shareholders. Based on their numbers projected cash flow starts at $0.29 (current share price is low 30’s). Industry standard of 4X cash flow multiple would put that at $1.16 for a share price target!
MANY catalysts coming over the coming weeks and months. The chart has recently broken out with a back test making it a perfect place to enter. Gold is set to go on another rally which makes me believe that both the macro and micro stars for gold and SGO.V aligning perfectly!