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Bullboard - Stock Discussion Forum Sonoro Gold Corp V.SGO

Alternate Symbol(s):  SMOFF

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

TSXV:SGO - Post Discussion

Sonoro Gold Corp > Further dilution to fund the actual building of the project
View:
Post by drunk@noon on Apr 19, 2021 11:55am

Further dilution to fund the actual building of the project

is key to the valuation. What is cap ex, that is the quesiton? What will it be? $10 milllion? 20 million? 50 million? This is all important considering the tiny market cap they could double shares outstanding. I haven't a clue.
Comment by Swedeprof on Apr 19, 2021 3:48pm
I've heard a couple things from the company that they have a couple interested parties in discussion now to raise the funds through debt financing. We may not need equity financing to take the mine into production. Regardless, when the PEA is released and number look great (i think they are going to amaze people! The way these 3 pits are morphing into 1 giant open pit mine operation will make ...more  
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