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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 27, 2021 8:39pm
101 Views
Post# 33079826

RE:RE:RE:Scorecard

RE:RE:RE:ScorecardBlue

I am only talking about holes where they hit grades/lengths good enough to report.

I only went back as far as November 2020 plus what I thought was their first hole of significance (44.96 over 11.9m).

I stand corrected if you are aware of more cores of significance that SIC has drilled - thanks for the input.

Re. relative value of NFG vs. SIC:

I have previously outlined the reasons why I think NFG is worth the price premium in my view (enormous claim package, two fault lines running through the property right up to the southern border of Queensway South, no royalties to be paid that I could find, off-the-charts drill results  to date, etc.).

Given the size of NFG's property and the number of zones that could potentially be targeted along both faults, one could possibly end up with many years (decades?) worth of low cost ounces. If NFG maintains the curent pace of their drilling program (or possibly accelerates it with more drills and more jackpot holes), I think there could very well be a bidding war among mid-tier to large gold producing companies to try and acquire the property as I think it will be the crown jewel of the area. It's not what the market cap is today vs. SIC, it's a bet on how the two projects will evolve over the next number of years given the differences in the assets the two companies hold.

We shall see.......


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