Sokoman Minerals Corp. V.SIC

TODAYS SIC PR

[BlueChipper2020]

The excerpt stood out to me below. 


We are about to begin discussions with our respective Boards of Directors and advisors as to how to proceed with this exciting opportunity for the maximum benefit of our shareholders."

In my experience I have seen a spinout to a new company at some point with a concurrent PP to new investors (who do so in the lithium space). I do not believe SIC should neccessarily co-mingle a lithium play with their gold properties as you have two classes of investors typically. I love they fell butt backwards into this, however the Company has to keep focus on Moosehead and their other gold projects. The above yellow highlight means they need to consider the best way to proceed. Bottom line this is all good news for SIC investors. 

GLTA
BC

[Minray]

Hey B.C. The discovery of the rare earth metals such as tantalum is a huge discovery. These types of metals are a priority of the U.S. government and Canada. That being said, I get what you're saying about maintaining focus on the gold discovery but there is likely a lot of political support for this new discovery and what it potentially represents.

[BlueChipper2020]

Hi Minray, You are right. I overlooked the rare earth metals which in the PR are very significant and this  appears to be more than just some lithium find (as good as they would be). I am not opposed to keeping this property by any means. This property can also be highlighted and used next year along with the gold properties in a large PP raise. A spinout could be further down the road if

[likeike]

Sorry to sound like a debbie downer but as Brent Cook said some 10 years ago there is no one making money on rare metals. Ten years ago the entire industry was worth less than 2 billion. With luck it mite add a little gravey to a company's bottom line but no more. As to lithium there is lot out there but to get it activated is the big issue. Finding brines is the best. SQM a Chilean miner

[Minray]

It's all good IKE you're not a Debbie downer. You raise some good points. I was surprised at the discovery of tantalum. The powder is used in the aerospace industry. If this discovery is high quality it's going to add a lot of value. Especially as a lot of money is being invested by Nasa on setting up a moon base and then onto Mars. These metals are in high demand by many countries