feeling bullish about $SGO Sonoro Gold Corp $SGO/$SGO.V recently filed an initial economic assessment of their Cerro Caliche project.
Some highlights include:
- pre-tax NPV of USD $68.7M
- after tax NPV of USD $41.5M over the 7 year life of mine
- Gold recovery of 74% and silver recovery of 27%
Prices of $SGO are currently consolidating strongly at support of $.19 after falling ~50%. Shares saw some serious overselling and volume is currently stabilizing. The Stochastic oscillator is also currently indicating some strong buy activity on multiple cycle settings. To me, this means we could be looking at a strong swing back into some positive price action.
I’ll be looking for continued announcements and optimistic outlook from Sonoro on their operations at Cerro Caliche, as well as further technical convergence to support my predictions, but I’m feeling pretty bullish on $SGO right now.
$SGO is currently trading at $.195 and is valued at $20.52M.
https://ceo.ca/@nasdaq/sonoro-files-cerro-caliche-preliminary-economic-assessment