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 maintaining current trend of consolidation

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Post by partystocker on Nov 29, 2021 2:21am

$SGO maintaining current trend of consolidation

On a pretty red day across the market, it was great to see Sonoro Gold Corp maintain its current trend of consolidation. I’m expecting to see prices cross over the 50MA this week and will be watching for other indicators or a catalyst to signal a buy point.

$SGO has commenced operations for a 10 000 metre drilling campaign at the Cerro Caliche project and is currently raising funds through a $3.6 million private placement to finance operations. The value of the Cerro Caliche project currently stands at CA$50 million. Which given $SGO.V’s current MCAP of $18.47 million, presents a huge opportunity here.

We can expect some regular news from $SGO on the campaign, as assays are expected to come in every 10 days. I’ll be watching updates closely, as I think there’s some serious potential here.

$SGO is currently trading at $.18 and the company is valued at $18.47 million.

https://www.youtube.com/watch?v=_byHNQZFDs0

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