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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 Maxmoeon Mar 29, 2022 4:40am
130 Views
Post# 34554363

RE:RE:RE:RE:RE:RE:RE:RE:RE:Sic Vs Nfg vs Lab

RE:RE:RE:RE:RE:RE:RE:RE:RE:Sic Vs Nfg vs LabI'm puzzled why there is any question about the irrelevance of the stock price. Of course the market cap is the only measure of the price, not "value" of a company. I'd like to throw another wrench into the works. I recently ( 2022 ) added SIC for the TORQUE , not the leverage , because the market cap is so low, not the stock price. I own many stocks, but my other gold stock I recently added is SBB. Other side of the country, but the stock price is $1.50. Oh dear, it's "expensive" compared to SIC, but a bargoon compared to NFG ? No, it's a steal compared to both. The market cap is also not enough info to determine "value". The market cap is what you are paying for the entire company. The next question is what do you get for that valuation? What are the assets? Using the earlier grocery store analogy, you can't focus on the price of bread and milk when comparing the value of the entire store! Superstore is worth more than giant tiger no matter who has the cheapest bread. It's 10 times bigger! So, sic has market cap, MC, of $75 million. For that price you have a dozen decent drill holes, and a smattering of properties, but that's it. It's pure speculation. Yes if they hit big the market cap could pull off a 10 bagger. Or it could go to zero. NFG has many,many,more drill results and some bonanza grades. BUT it has a price tag, or market cap, of $1.3 BILLION!!! It's already had it's 10 bagger. So SIC is kind of NFG junior but because of the huge risk reduction from having so many more holes and higher grades, NFG is NOT overpriced in my opinion, NFG is MUCH closer to being an actual mine. Now, this brings me to SBB. Can either of you warren buffets explain why SBB has a stock price of $1.50 , a market cap of $650 million ??? Yeah, more like 850 or 900 after the last financing but still much lower than NFG at $1.3 billion. Oh, did I mention it doesn't just have hundreds of drill holes, it has 10 million ounces in a deposit fully permitted, a 43-101 feasabilty study,  and just now under construction. It is years past nfg, with upside to the existing and neighboring properties that will drill drill drill. Answers? That's a rhetorical question.
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