RE:long and strongWelcome aboard. Soma doesn't do much promotion, which is a little odd since insiders own 73% of the Company. They issued a press release last year right on US Thanksgiving day. I just sent an email for them to push it out to the following week.
The Q3 report will be roughly in-line with the Q2 report since the 10-day strike cost them 750 ounces of production. In the Q2 report, they milled 387 tpd on average. September they likely were at 400 tpd run rate and their August presentation says 600 tpd in early 2023.
The beauty about this opportunity is that the increasing production is operationally easy. They received the equipment to haul more ore months ago, the mill capacity is there and they have another mill that has sat idle. Their 36,000 ounce guidance for 2023 (50% increase from 2022) is well within reach with the mill capacity improvements we know about.
Operating cash flow is paying all the bills plus paying down debt; no equity needed to issue. We could also see a large bump up in resources from Cordero in the next 6 weeks. That will add value to the stock and it may very well get them to commit to an already approved increase to 1475 tpd upgrade to their milling capacity. Today Soma's market cap is US$17.4 million. I simply cannot find another miner with so much upside potential.
Like you Jonggua, this is a long term hold. Strong fundamentals will always be fully appreciated by the market, it just doesn't happen on most investors time table. With all the M&A that has happened in the mining sector, a small, growing miner could offer $1 for Soma and still be getting great value.