Sokoman Minerals Corp V.SIC

Sokoman options out East Alder Gold Project

[BlueChipper2020]

This is a bonus for SIC to utililze this other property.  


https://ca.finance.yahoo.com/news/sokoman-minerals-options-east-alder-133000739.html

[ggnewmex1]

I agree BC, I remember the old adage, "bulls make money but pigs get slaughtered" This applies. While East Alder may very well be viable, there is so much work to do with Moosehead and le Fleur, why not let someone else get some work done, and we retain some royaly. From the periphery, this looks very wise. Congrats Tim

[BlueChipper2020]

Not to mention we also get 750,000 shares of Canterra ( a decent junior) over 4 years.  This is a very hot area that I did not realize would get this hot back in 2018 when I first arrived.  BC 

[likeike]

And we only paid 500,000 shares and net smelter to get it. This property consists of 30 claims in two licenses and two separate agreements, one with Benton Resources Inc., and the second with a private consortium (Unity Resources). The Benton property was acquired for an initial share payment of 1 million shares on signing and $1,500 in cash, with 500,000 share payments due on the first

[BlueChipper2020]

Of course SIC paid to get it going back in time.  How much were SIC shares worth then? Optioning the property is a lot better than having it sit there? That was the point? 

[likeike]

The thing is BlueChipper being that we are not sure what we have on this side of  Peyton m. and that Moose and East Elder remain on trend to Valentine through  Dog Bay Fault it give me a little pause. But I am sure Tim Fraude knows more having labeled it a Antler like gold formation.IKE

[BlueChipper2020]

LikeIke I also thought the same thing about whether East Alder could be the jewel, however I am sure Tim would not have optioned this out if he had any doubt  that Moosehead and the newly acquired land package would not deliver.  BC

[likeike]

Many years ago I had a very successful oil stock. From the chairman of the board via the CEO I would hear how the geos would sit around in the room and keep throwing  out interesting targets to look at and would not get to a decision as to what to drill until he would have to go to an angry tirade to remind them they were trying to make money. Interesting that that same bunch of geos are