Dec. 3 at 8:37 PM
$SMOFF Went to a corporate road show for a silver producer in Sonoro, Mexico and an attendee asked if a company had a producing mine and the landowner sold the surface rights in the future--would the mine operator be required to obtain the surface rights from the owner of the surface rights. The presenter said, according to Mexican mining law, the mining company would have a problem because the surface rights owner could shut down the mine unless they buy the rights from the new owner. It turns out that the attendee brought up the question because he knew about a situation where a gold mining company, Sonoro Gold,
$SMOFF, bought the surface rights to their Cerro Caliche mine project and the rights to the Prieto mine of GoldGroup Mining
$GGAZF starting in September 2028. Which is why I am here and bought some SMOFF (after confirming the info). So it looks like a CDN
$300 million market cap company will have NO way to justify that valuation without access to that mine in 2.5 years.
