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Bullboard - Stock Discussion Forum Sokoman Minerals Corp. V.SIC

Alternate Symbol(s):  SICNF

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland & Labrador, Canada. The company's primary focus is its portfolio of gold projects along the Central Newfoundland Gold Belt, and the district scale Fleur de Lys project in northwestern Newfoundland. The company also recently entered into a Strategic Alliance with Benton Resources Inc. through three, large-scale... see more

TSXV:SIC - Post Discussion

View:
Post by ggnewmex1 on Oct 12, 2023 11:15am

Piedmont

I think we were all waiting/ hoping for a nice "grand"slam" to use baseball parlance, but 
seeing this news release makes me think that maybe we hit a nice solid single, in a 9 inning game.

https://piedmontlithium.com/piedmont-lithium-recieves-partial-prepayment-for-inaugural-shipment-under-nal-offtake-agreement/

That spodumene sitting in the ground has value in its type. Piedmont seems to be a fantastic and established partner. We have the jurisdiction to be successful, and a government (US and CAN) that are pushing. Further, Piedmont is already building out....

This could me a nice little cash flow  for us for a nice long time...

But, not a HR.... for now

So, I will wait...
Comment by Stockpicks96 on Oct 12, 2023 8:05pm
I'd go as far as saying it's a double. We get to rid our hands of this property, spend nothing on exploration, and if this goes into production, we will reap the rewards in the form of our NSR and ownership stake.  Had early results been absolutely stellar AND if the market conditions were better, we may have seen a homerun, but that's a moot point.  I am more than happy ...more  
Comment by wreckhouse on Oct 15, 2023 10:35am
 Canadian junior mining company Avalon Advanced Materials Inc. had hoped to receive government funding to build Ontario’s first domestic supply chain for lithium processing. However, the company’s financials reveal a different story. With a capital cost estimate for the project set at $850 million and the company’s current cash standing at only $741,381, the ability of Avalon to raise the ...more  
Comment by BlueChipper2020 on Oct 12, 2023 9:39pm
My view on this as a follow up to my post last week on  the subject is as follows: I consider this a double for the following reasons: 1. Piedmont have 400 projects in Canada to chose from, so the fact they selected Golden Hope is a big plus. Other companies like Rio Tinto have made Option Agreements recently, however good companies select projects which have potential.  2. Nice to ...more  
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