RE:RE:RE:prices were too rich based on over promotionhisandlos wrote: The problem is that many are comparing the Newfoundland companies with each other when it
comes to market caps. 100 million dollar market cap is excessive when you start comparing that
to other companies in other areas of the the country where you will find companies that are
wayyyyyyyy ahead in their exploration and results and are trading for fractions of what the
companies in this area are going for. I mean Wallbridge is trading at almost a 400 million
dollar market cap ... so Sokoman at over 100 million dollars when you start to really look at the
companies .... NO WAY Sokoman is worth 100 million. What about a Mexican Gold who is
supposed to release their preliminary economic assessment and if you really dig into what they
have ... probably will announce over a million oz resource nevermind the potential ... trading at
less than 20 million dollars. So there are two different companies where you can compare
Sokoman at whre they are and both of those will scream that Sokoman pricing is
completely out of whack. That is the reality.
Location/jurasdiction have a lot to do with valuation. We're getting a premium for our "closeality" to NFG.