RE:RE:RE:RE:prices were too rich based on over promotionI said it is overvalued, and in fact the entire area plays are overvalued in THE HERE AND NOW.
I am not talking in a year or two. That remains to be seen. As an investor or trader I am
looking at valuations today and I do comparisons taking into account geopolitics etc etc. with
other companies today ... not in a year or two.
My point is Sokoman trading at over 100 million today versus Wallbridge at 400 million today
or Mexican Gold at 20 million or Metallis at 20 million OR New Found Gold trading at 1.6 billion
the exact same market cap as Seabridge which has current proven and probable reserves of
more than 38 million ounces of gold and 10.2 billion pounds of copper .... that right there tells you
the stock is ridiculously overvalued right here and now for what they have proven. Going forward
... who knows ???? but at these valuations you are paying for and hoping you get the forward
results which as an investor or trader I am not interested in. I am looking for valuations that are
cheap or at least fair and Sokoman and New Found right now are in no way that.