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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 & Labrador, Canada. The company's primary focus is its portfolio of gold projects along the Central Newfoundland Gold Belt, and the district scale Fleur de Lys project in northwestern Newfoundland. The company also recently entered into a Strategic Alliance with Benton Resources Inc. through three, large-scale joint-venture properties in Newfoundland


TSXV:SIC - Post by User

Comment by Stockpicks96on May 04, 2024 10:19am
82 Views
Post# 36023136

RE:RE:RE:Kenorland Study

RE:RE:RE:Kenorland StudyGeezer, like BC you are a credit to the community. Your points about intrinsic value are well received. However, I think you need to think about what such a low share price is telling us. Yes we have 30+ high grade hits, all of them shallow. As others have commented, there's no real continuity between the zones at Moosehead which indicates a viable and economic deposit to mine. The market sentiment around miners, especially juniors is still terrible, but we cannot pin sokomans putrid performance on that reason alone. The reality is we have had one amazing result in 2 years - hole 463. The subsequent follow-up around that hole has turned up nothing but dusters. The market is not seeing a path to how Moosehead can become a mine because of our results. With that being said, high-grade is very rarely anomalous, meaning in all likelihood it came from somewhere. I do believe Moosehead is host to a world class gold system, but I am increasingly beginning to believe that Tim and the team won't be the ones to find it due to its complexity. This ultimately brings me back to my original point about share price...  share price does matter because issuing shares in private placements is how we raise money to further the project. We are currently sitting at 4 cents... 4 stinkin cents. A raise here will bloat our share structure so badly we will all be royally screwed. Unfortunately share price does matter... we need results this year to deliver or it's time to call this one a loss. If this years drill program fails, maybe NFG swoops in and takes us out like they did LAB. Us shareholders would get fleeced.
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