Sokoman Minerals Corp V.SIC

Alternate Symbol(s): SICNF

Metals & Mining Industrial Metals & Minerals

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.

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Sokoman Minerals Corp > IFRS 9

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Comment by BlueChipper2020on Nov 14, 2021 1:01pm

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Post# 34124793

RE:IFRS 9

geezer21 wrote:
International Financial Reporting Standards (IFRS) set out the accounting requirements for reporting the fair value of financial assets of a company and not gold deposit assets.

For example:

https://www.aasb.gov.au/admin/file/content105/c9/IFRS9_IE_7-14.pdf

To be precise go look at IFRS 13 Fair value measurement. The trading price of publicly traded securities is how to measure fair value. IFRS 9 relates to financial instruments. That is the only way to measure the fair value of NFG or SIC. Neither have proven and probable reserves at this point. So what is your problem. You are ranting about nothing. BC

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