Bullboard - Stock Discussion Forum Sonoro Gold Corp SMOFF

Primary Symbol: V.SGO

Metals & Mining Gold

Sonoro Gold Corp is a Canada-based exploration and development company. The Company is engaged in holding the development- stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Cerro Caliche Project is located in the Cucurpe Municipality of Sonora State in northwestern Mexico and is comprised of 15 contiguous mining concessions covering a total... see more

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TSXV:SGO - Post Discussion

Sonoro Gold Corp > New PEA from $SGO

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Post by partystocker on Dec 02, 2021 1:20pm

New PEA from $SGO

According to new PEA from Sonoro Gold their Cerro Caliche gold project contains a potential 332,500 oz of gold equivalent.

With an after-tax NPV of the project stated to $41.5 million, this represents massive growth potential as the company's current market capitalization is $17.44 million.

Shares of $SGO have been stabilizing around a previously established support at $.185 for the past couple of months after falling from previous highs of $.39. The current price action is also looking very similar to the conditions we saw before the last 100% run from this price.

Given the right guidance from $SGO.V, I’ll be watching for a spike in volume up to about 32.5k to signal the start of a new trend.

$SGO is currently trading at $.175 and the company is valued at $17.44 million.

https://financialpost.com/business-trends/sonoros-cerro-caliche-gold-project-contains-332500-ounces-of-gold-equivalent-according-to-new-pea

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