Bullboard - Stock Discussion Forum Sonoro Gold Corp V.SGO

Alternate Symbol(s): SMOFF

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 > $SGO

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Post by partystocker on Nov 11, 2021 11:02am

$SGO

Sonoro Gold Corp $SGO/$SGO.V is continuing to consolidate around $.19 after taking a 54% hit. It’s great to see prices stabilizing and re-establishing a base at historical support.

I think we still have a few weeks of consolidation to see before prices start to climb again. $SGO made some strong announcements at the end of October regarding their operations at the Cerro Caliche project.

Along with the announcement of a 10 000 metre drilling program, they also released a preliminary economic assessment for the project which states an after-tax NPV of $41.5M at a 5% discount rate.

I’m going to be watching $SGO closely for the next few weeks. I think some positive news could spur positive price action to take shares on a climb back up to the $.35 range.

$SGO is currently trading at $.19 and is valued at $18.47M.

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