RE:RE:RE:Upcoming resource estimateGo to "Investors" on Soma's website. Click on "Download Presentation". The presentation that will pop up is dated September 2022. On slide 24, Soma has a comparables table on the lower left of the slide. The line says 43-101 Resources and the figure posted is 410,000 ounces.
I believe the 410,000 ounces refers to the sum of Cordero, Nechi, and their other deposits, basically the net sum of resources for the Company. Other presentations have said mine life is 10+ years, which they would have to had cone from more than 210,000 ounces to be true.
One other thing I should point out, Soma delayed the new updated 43-101 from being release in Q3. Geoff Hampson told me that the previous owner had drill holes that needed to be added to their drilling results.
Certainly, boositing resources to 800,000 is likely too optimistic but, I still believe a 600,000 figure could be possible. They are waiting to boost mill capacity to 1475 tpd from their max today of 675 tpd based upon drill results. I think 600,000 resources would get them over the hump to say GO.
I about every mining company I know of (about 60 or so), management does too much promotion. Soma is the complete opposite as they do none. They need to start giving presentations at mining conferences or the stock will just be bought from the present Choir of investors.