SUGO(0.058)DD big Bounce coming >>was 0.19 ,3 days ago>>>
last week HUGE NEWS out on SUGO ,the stock run from 0.05 to 0.19 in one session!! and as usual profit takers and daytraders gave the occasion to MM to bring the price down to 0.05 but the fundamentals are great and the price is very attractive here
the next news is coming anyday now
the biggest advantage of having a valuable NI 43-101 on hands is that its gives the company access to QUALITY financing and Non DILUTIVE ones
that is one of the reasons GOLD co are always rushing to get it
it is like Biotechs ,you get your clinical trials results promising and then you will get a partner and your financing
SUGO has finally completed the so awaited NI 43-101 report after years of hard work.
the purpose of the National Instrument 43-101 is to ensure that misleading, erroneous or fraudulent information relating to mineral properties is not published and promoted to investors on the stock exchanges
it gives GOLD mining companies access to QUALITY financing to move forward with their business plan
All available data from prior operators are now being confirmed in the report!!
SUGO have over 2 million ounces of gold and over $18 billion worth of zinc $$$$$$
the Conglomerate Mesa property was explored by 2 Fortune 500 companies before SUGO
Randall Moore, acting as an independent "consultant" to the company, has been asked by the Board of Sungro to build the NI-43101 REPORT
Mr. Moore has an extensive background in mineral exploration with over 30 years of experience and is a Registered Professional Geologist and a "Qualified Person" as defined under NI 43-101. He has been working as the Executive VP of Exploration for High Desert Gold Corporation and is the Former VP of Exploration for General Minerals. He worked as the senior geologist for Cambior Exploration USA out of Reno, Nevada and has spent time with, St. Joe Gold, Duval (Pennzoil mining division) and Noranda Mining.
Based on the results of this report, SUGO will be looking to raise a minimum of $10,000,000 in QUALITY FINANCING to cover the additional exploration costs of $5,500,000 as indicated by Mr. Moore, cover working capital needs, and to meet the requirements of up-listing to larger exchange such as NASDAQ, NYSE and/or the Toronto Venture Exchange, Permitting and Feasibility studies would begin immediately following the completion of funding by one or more of our potential strategic and financial partners
with an O/S in the 62 million shares and potential finds in the multi Billion Range SUGO share price at 0.058 is very undervalued
this should be trading much higher now
Balamidas
All material posted in the email is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities
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