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Bullboard - Stock Discussion Forum 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... see more

TSXV:SIC - Post Discussion

Sokoman Minerals Corp > Valuation
View:
Post by AuAgLi8 on Mar 13, 2021 8:03am

Valuation

-After a spectacular trading day Sokoman cloes out the week with a $42 million market cap , NewFound Gold @ $593 million , that leaves NFG with a market cap greater than 14x SIC.
- SIC is sadly undervauled after going up 43.9% in a day.
- I am not saying SIC is worth what NFG is because they have a much bigger machine running right now but I am saying SIC has the same type of potential . I conservatively believe we should be tracking half theiir market cap which would leave SIC at a $2.00 plus price per share.

-SIC is undervalued by 7x Right Now, to bring it into a price range reflective of its Moosehead asset,BUT with the drilling continuing any  one or multiple good holes could bring us to a Much GREATER Valuation. This is not considering its other exciting assets.
-The World is waking up to Newfoundland and Sokoman .
-Keep smiling.

-What are Your thoughts?
Comment by winr88 on Mar 13, 2021 10:29am
If Sokoman can stay in the limelight presented as undervalued to the market and sentiment continues comparing it to New Found Gold and Great Bear Resources its share price will rise. I however do not see a straight up revaluation. Buy the dips if there are any. The first challenge will be Monday morning. The SP sits right on resistance. If the share price opens over $.30 and holds then onward we ...more