$SGO CEO presentation on Cerro Caliche Project Found this great presentation from Sonoro Gold Corp. ($SGO $SGO.v $SMOFF)'s CEO MacLeod from the Metals Investor Forum in Sept 2021 regarding the Cerro Caliche Project.
https://www.youtube.com/watch?v=mlUY83dDsRs&ab_channel=MetalsInvestorForum
The PEA results for Cerro Caliche were previously announced but to summarize the highlights are:
- Pre-tax NPV of $68.7M and an IRR of 52.7%
- After-tax NPV of $41.5M & IRR of 32.4%
- Price of $1,750 per ounce of gold & $22.00 per ounce of silver
- 7 years Life of Mine producing 323,500oz of gold equivalent
- Gold recovery of 74% and silver recovery of 27%
Plus, $SGO has since announced the intention to resume drilling at the Cerro Caliche Project
- 10,000 meter reverse circulation drilling campaign
- Proceed alongside the proposed development of a heap leach mining operation with a projected capacity of up to 15,000 tonnes per day.
- 6 month drilling program to focus on expanding the project’s oxide gold mineralization
https://sonorogold.com/archives/news/sonoro-gold-announces-10000-meter-drilling-program-at-cerro-caliche
$SGO has tons of potential IMO; while mining projects take time to start producing revenue, its Cerro Caliche Project is quite promising and seems to be worth the wait.