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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 > I think some of the short term holders are not realistic
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Post by Packerfan666 on Jul 14, 2021 10:00am

I think some of the short term holders are not realistic

I am not an expert in mining nor in gold stocks. I bought this stock at 9 cents . I haven't sold or bought another single share I only have 250,000 shares . Here's what I know 

1) Tim is great at what he does. I have emailed him several times and he has responded every time 

2) The Results they just released were good. They weren't great, they weren't amazing but they were good. Everyone always wants every assay to be spectacular. That's not realistic . We have over 30,000 metres left to drill. 

3) Ofcourse the share price is tanking. It has happen every time Solomon releases results . It has a run up and then results come and down she goes. This for anyone not new to Solomon should be the norm.

4) Penny Stocks are easily Manipulated, it's gone down on very little volume. Penny Flippers triggering stop losses and flipping back and forth between eachother to grind price down. It could come down more. 

5) Why does everyone think buying properties is a bad thing. When you own a house , and get money to buy another house , do you say the first house is garbage because you want to invest in another house . Of course not . Adding properties to a portfolio is a good thing period 

6) Enjoy the Ride: Sokomon is a Good Company and I am sure we will all be rewarded by the market eventually

Comment by surething1111 on Jul 14, 2021 10:22am
Packers fan, My average cost is now upper 40s with recent purchases. Congrats, you are much more astute than I.  What irks me the most is seeing opportunists coming here and knocking our market cap......saying it's too high. What I see is a company that has already outlined several million ounces of high grade at shallow depths. This is eminently minable and is worth over 5 billion at ...more  
Comment by Hedge99 on Jul 14, 2021 10:27am
Hey Surething, How do you extrapilate several million ounces from the company's drill results? I know very little about mining, and less about resource calculations. Help me understand please. Hedge
Comment by surething1111 on Jul 14, 2021 11:57am
Hi Hedge, Notice that on both Eastern trend and Western trends, company is tracing out faults along strike. Just using known strike lengths, with assumptions of average thickness, and grade averages we can extrapolate back to the main vein with at the very least a minimal down dip length. We can get crude ounce estimates this way. Also bear in mind that generally our grade should increase ...more  
Comment by Hedge99 on Jul 14, 2021 12:20pm
Awesome S, thanks for the explanation! So the resource concentrates as it dips, due to the fact that the main system squeezes up through the crust and would disipate a bit at surface? So we drill to 300M depths to start, locate targets from those holes, then drill deep to find the concentrated deposit? Hedge
Comment by surething1111 on Jul 14, 2021 1:52pm
Hedge, I'm thinking that as we approach main vein, these splays could run very deep, perhaps 500m or greater. We have no guarantee of increasing grades as we go deeper down into the splays, but this is what is indicated from very limited encounters of these type deposits. Best S
Comment by ggnewmex1 on Jul 14, 2021 10:49am
Thank you PACKER FAN My moniker is a bit misleading as I am a WI person, who just happens to love the great SW. Anyway, average cost  is .249  so I can only wish that I had heard of this sooner, but!!!! I am happy with the company. I will be in it for the long haul. I will try to add as time goes on. I too feel the optioning and acquiring of properties adds value to a company. I ...more  
Comment by AlwaysLong683 on Jul 14, 2021 2:04pm
I don't think an investor or other entity buying more houses vs. junior gold exploration companies staking claims to more properties is a good analogy. Let's compare investing in one of more houses (over and above the one you live in) vs. investing in a junior gold exploration company which is staking claims to more and more land. Unless you can afford to pay all cash for a house, you ...more  
Comment by hope21 on Jul 14, 2021 2:37pm
Well said the cost and the risk is greater for sure.with no guarantee. The only thing you are missing is That the potential of more discoveries May increase when having more properties. If the players buyIng this land knows the area better than other miners. Ask yourself the question why is ES Buying into more than one company in NFLD Because he knows that he will increase the odds of hitting more ...more  
Comment by AlwaysLong683 on Jul 14, 2021 3:18pm
Hope, fair point, SIC may hit more than they miss, so overall it could pay off in the end. I just wanted to show that more is not always better, and with more claims comes more costs with no income, so it's not like investing in houses. Tim Froude and BEX obviously know more than me about what they suspect lies underneath those new claims, but they won't know for sure until they do ...more  
Comment by hope21 on Jul 14, 2021 3:56pm
I agree with you that the company is increasing its land size. Why not focuse on Moosehead property to get its max potential. What if the company wants to secure more properties because it already knows the price of other properties will most likely shoot much higher. This will be a way for them to get more financing once Moosehead potential Is exposed and is what we all expect to be positive. It ...more  
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