(NewsDirect)
Proactive Research Analyst Ryan Longspeaks to Thomas Warner from Proactive London after publishing a newresearch note on junior gold explorer, developer and soon to be goldproducer Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF).
The company recently announced the filingof a Preliminary Economic Assessment (PEA) for the Cerro CalicheProject in Mexico, and Long explains that unlike the conventionaljourney from a PEA to a PFS, followed by a DFS, Sonoro is swiftlyadvancing from the PEA straight to production.
This exceptionalmove he attributes to the low estimated capital expenditure ($15.5mln)for building the oxide project, and says the strategic decision aimsat getting swiftly into production and creating a self-financingmechanism for its regional exploration. Although a relatively smalloperation, this venture is forecasted to yield around 33,000 ounces ofgold equivalent over a nine-year span, translating to roughly $60million in revenue and an annual operating cash flow of $17 million.
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