Valuation-After a spectacular trading day Sokoman cloes out the week with a $42 million market cap , NewFound Gold @ $593 million , that leaves NFG with a market cap greater than 14x SIC.
- SIC is sadly undervauled after going up 43.9% in a day.
- I am not saying SIC is worth what NFG is because they have a much bigger machine running right now but I am saying SIC has the same type of potential . I conservatively believe we should be tracking half theiir market cap which would leave SIC at a $2.00 plus price per share.
-SIC is undervalued by 7x Right Now, to bring it into a price range reflective of its Moosehead asset,BUT with the drilling continuing any one or multiple good holes could bring us to a Much GREATER Valuation. This is not considering its other exciting assets.
-The World is waking up to Newfoundland and Sokoman .
-Keep smiling.
-What are Your thoughts?