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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

Comment by AlwaysLong683on Apr 14, 2021 8:29pm
142 Views
Post# 32998076

RE:RE:RE:weak hands?

RE:RE:RE:weak hands?

jknf,

SIC would be my second choice if I had to pick another NFLD gold company right now, but I think NFG is worth the price premium:

Last I checked, SIC has 2 rigs, a 20,000m drill program, and is drilling in one target area.

I believe NFG has 8 rigs in operation (at least that's what they said they will have up and running in their PR dated January 6), a 200,000m drill program, and has had great drill results in two target areas (Keats and Lotto).

If you compare SIC's holes to NFG's holes to date, I think you'll find NFG's holes to be superior when you examine the grade / length combination of the holes.

Now, SIC has not advanced their Moosehead project as far along as NFG has their Queensway project, so we'll see going forward. 

SIC does look like a good value, but my bet is that NFG will prove to have by far the best property among all companies in the area and will be the one with the lowest AISC and largest resource if/when a mine is built, thus the one that will be most desired by potential mid-tier to large producing gold companies. 

I believe LAB is by far the most speculative of the three with 1 rig and a 10,000m drill program. I think they've only drilled one hole to date producing "promising" quartz veining and sulphide mineralization but no gold.

Of course, these are all junior exploration companies, so nothing is for certain.

 

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