Following the script for budding gold producers Sonoro Gold (Ticker: SGO.v SMOFF ) is a gold company to pay close attention to. I found some news and information that made me very bullish on this one. This might be the time to get in on it. Trading at roughly .34 right now with a fast track to production.
“Small-cap gold producers typically trade at 4 times their cash flow, which in this case would equate to a target price of CAD 1.50 per share. To date, only about 25% of Cerro Caliche's gold mineralization has been drilled.
Cerro Caliche's extensive land package includes 8 former high-grade historic turn-of-the-century gold mines surrounded by 18 zones of shallow oxide gold mineralization. They cover an area totaling about 5 square miles. That leaves a lot of potential for future growth.
if Sonoro manages to fast-track its mine into financing and production, its annual cash flow could be greater than the company's current market capitalization. The first major catalyst for the share price is the PEA, which is only a few weeks away. Sonoro apparently has the right shareholders, as investors include some of K92 Mining's backers. K92 has risen from CAD 0.42 to now CAD 8.94 since test mining began in 2017. So, these shareholders should have no shortage of venture capital.”
See the full release here:
https://goldinvest.de/tools/goldinvest-english/5092-is-sonoro-following-the-script-for-budding-gold-producers