$SGO recap Junior miner Sonoro Gold $SGO/$SGO.V recently commenced the next phase of drilling at its Cerro Caliche project in Sonora, Mexico. Leadership seems super confident in the planned 10,000-meter drill campaign, with a projected pre-tax NPV of US$68.7 million.
Further confidence is also shown, with 18% of the company’s recent private funding of $3 million being supplied directly by $SGO’s officers and directors.
As the Cerro Caliche Project represents a massive opportunity for the company, I expect it’s only a matter of time before we see the right catalyst to send shares into some bullish price action.
$SGO is currently trading at $.170 and the company is valued at $20.27 million, which considering the potential in the Cerro Cliche project puts the company in undervalued territory.
https://ceo.ca/@nasdaq/sonoro-files-cerro-caliche-preliminary-economic-assessment