Soma Gold Corp V.SOMA

new reserves

[jonggua]

i was hoping for 600K. but keep in mind they mined maybe 100K since 2019 last report. n now have 400K. so an additionaal 500K basically. 

better, not huge. also eager for hopefully near future deeper drilling inside cordero chasing existing vein down. if it goes down to 400m or 600m a really big deal to maybe double/triple reserves.

also didn't realize it was a true PEA on cordero.

the main thing is they do everything so cheaply cumulatively that we are minting money as a company. year after year. these guys are serious miners, not just lifestyle wanna be gold miners up in canada. Love it n holding  long n strong.

my only regret that i can't at this time buy more.

[tobinator01]

I find it interesting that as early as August their valuation slide showed resources of 410,000 ounces, which was an increase from May's total at 170,000 ounces.  After today's press release their resources are 407,000 ounces.  Essentially, they have told us all along the resource number with Cordero included in their presentations.  Hence, had the earlier 410,000 ounces

[jonggua]

i still discount the 410k oz on presentation as a possible error on someone's part. be interesting to have it confirmed. but if it wasn't supposed to be public, would they even own up to it? 

[ThelastSilverR]

This met my expectation. Cordero already has more ounces compared to the El Limon deposit! And don't forget that Cordero is still open on strike and at depth. They still add more ounces than they produce. I hope Soma can at least double (to 500K oz) the current resource at Cordero. This resource estimate & PEA guarantee production in the coming years for Cordero! This will generate a lot