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Soma Gold Corp V.SOMA

Alternate Symbol(s):  SMAGF

Soma Gold Corp. is a Canada-based mining company. The Company is focused on gold production and exploration. It is engaged in the business of acquiring, exploring, developing, and operating mining properties in South America. It owns two adjacent mining properties in Antioquia, Colombia with a combined milling capacity of 675 tpd. The Company's principal operation is the El Bagre Gold Mining Complex (El Bagre), which consists of an operating gold processing plant (the El Bagre Mill) and the Cordero underground mine. The El Limon Project (El Limon) is adjacent to the El Bagre Project and includes a past producing underground mine and a gold processing plant with a capacity of approximately 225 tpd. The Company also owns an exploration property, Tucuma Exploration Project (Tucuma), a copper/gold exploration project, which is located in the Carajas metallogenic province in the State of Para, Brazil. Its exploration projects include the Nechi Project, the Zara Project, and the Otu Project.


TSXV:SOMA - Post by User

Post by jongguaon Jan 07, 2023 3:58pm
257 Views
Post# 35209010

some june 2021 observations from youtube video

some june 2021 observations from youtube videothey were still forecasting startup of 2nd mill that year. well it still hasn't happened. end of 2023. so 2 years off. surprised by that they're so off on a mill restart.

also they were forecasting end of La Ye that year too, so they were off on mine ending by 20 months or so. i take this as a positive that there was more at La Ye than expected. 20+ months more.

fast forward to 2022 AGM presentation:

really intriguing to me is a comment that a closed mine the downplunge vein has been refound, but off due to faulting. i have to listen to this again with a ear to identifying which mine it is. 

nice to be in such a nice situation so cheaply.

if u were out buying apartments in bulk and found a big commercial real estate deal at 1x ebitda, i guarantee the going price is not 1x ebitda. more like 10-16x usually.

n our 3x growth potential in 3 years. wow. buy buy buy

minimum 10x potential next couple of years. unless world falls apart
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