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Sokoman Minerals Corp V.SIC

Alternate Symbol(s):  SICNF

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. Its projects include Moosehead Gold, Fleur de Lys, Grey River Gold, Kepenkeck Gold, Killick Lithium, Crippleback Lake Gold, Startrek and Iron Horse. Moosehead Gold property includes 98 claims totaling 2,450 hectares adjacent to the Trans-Canada Highway in central Newfoundland. Fleur de Lys project of 1,891 claims on the Baie Verte Peninsula of NW. Grey River property in southern Newfoundland includes 324 claims in seven licenses, centered on the community of Grey River. Kepenkeck gold project, located in central Newfoundland. Killick Lithium Project is in southwestern Newfoundland. Crippleback Lake Gold Project is in proximity to the Trans-Canada Highway in north-central Newfoundland. Startrek Property is located 20 kilometers (km) east of the town of Gander, Newfoundland and Labrador, Canada. Iron Horse project is located over 120 km northeast of Labrador City, Labrador.


TSXV:SIC - Post by User

Post by hisandloson Mar 12, 2021 11:54am
235 Views
Post# 32785562

it is all about valuation

it is all about valuationI commented about this some time ago.   The only company in New Foundland that is cheap

based on the work that they have done is Sokoman.    When you have New Found Gold trading

at a 600 million dollar valuation  and  as exciting as their project is,  you need to do valuations.

Tudor who just estimated resources at 19 million ounces of gold is trading at a valuation of 500

million dollars.   One would argue that New Found Gold has a very very very long way to go to

prove up resources like that.   I think what they have is exceptional  but to value the company 

at 600 million dollars today with the work they have done is extremely overvalued.   Sokoman 

trading at a fraction in terms of valuation with the work they have done and the results they 

are getting is the only one in the district that is undervalued in my opinion.  Even K9  has a very

rich valuation for a company that has not even drilled a hole.   New Found in my opinion will make

lots of money for the shareholders like Pallisades and Sprott who had the company when it was 

private.   They took the company public and the money they made basically gave them a risk free

way to pursue the project having passed the risk to the shareholders who came on board.  I think

the ones who got in at $1.50 certainly are happy and one could argue that is more the fair price

for this company.   At current valuations New Found seems out of whack where Sokoman 

seems like an absolute steal.   No brainer if you ask me.   
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