Sokoman Minerals Corp V.SIC

.23 cent gap as I have said, more likely will get filled

[hisandlos]

As much as I really like Sokoman and New Found  ...  I am on record here for a few 

months now where I pointed out that the exuberance of Newfoundland that caused the

valuations on these companies to overshoot by a wide margin would correct  and  likely

would correct more than other precious metals stocks purely because their gain was 

also to rich in comparison to their peers in other geographical areas.

We just saw .29 cents on Sokoman.   I had pointed out months ago with some 

technical charts that the gap at .23/.24 cents had a probability that it would get filled.  With

todays price action and with tax loss season still in force expect that gap to be filled.

[monsieurminou]

If that gap filled i will buy a lot more shares......i said "IF"  Nothing's shure with penny stocks, the advice i can give you is don't take the chance to sell some shares and think to buy lower, Sic can fly tomorrow, who knows wicth way that goes in the short term. GLTA

[geezer21]

There was no gap up to 23/24 cents months ago.  Back at the begining of March there was a jump in price from about 18 to 40 over two days, but it was not a gap up. 

[likeike]

Well aren't you clever one with your chest puffed out hisandlos. As I see it SIC and NFG are the only ones that have proved they have Fosterville like structures and only see this as a hiccup because all of the 30 some other companies came up with nothing so for with all their bantering of  having great land packages, great samples, on prominent faults and some  having engaged

[lewdogg]

People who pat themselves on the back are so annoying...

[Stockpicks96]

Hahaha! BURN

[hisandlos]

It was back in December that I said the gap sitting at .22 - .24 cents back in March of 2021  would likely get filled and although I certainly would not have predicted the bleeding we see right now across the board with so many precious metals stocks being sold at absolutely ridiculous prices  ...  it appears that this gap is about to get filled.  Hopefully this is

[hisandlos]

and just like clockwork albeit  it has taken a loooooong time the gap sitting at .22 cents up to .24 is about to be filled. Having said that my opinion is that as much as I like Sokoman it has a long way to go before the correction is over based on the valuations of companies in the sector. It is all about valuation folks and when the market cap of Sokoman is at $50 million versus many

[geezer21]

Market value is not the intrinsic value of companies.  That is a poor yardstick to use to compare companies.  You need to compare the value of their assets.

[Hedge99]

This guy just has the need to be right. LMAO. I find it exhausting.

[surething1111]

Geez hisandlos, don't know where to start You have alot of gall coming on this board, comparing Sic with Amk. First of all Amk owns 20% of the Tudor Creek, Treaty Creek deposit. You are comparing cheese to chalk in my opinion. Treaty Creek may have an estimated 19 million ounces, but average grade is .77%, and the lion share of the better grades 1.4-1.6gpt lay very deep......from 600m to over

[AlwaysLong683]

surething, hisandlos presents a bizzare post and you reply by almost matching him in making claims that range from very optimistic to very far-fetched. 1) Moosehead may be mined, but I doubt SIC will do the mining. I am personally not a big fan of the the barge drilling or the location with the need for much infrastructure to be built and paid for before one can even start building a mine at

[surething1111]

Alwayslong, Please go back and reread my post I in no implied that Sokoman would be mining this property. I also stated that when gold reaches $5000 per ounce, we could then talk about the economics of mining the Treaty Creek property. Note that I did not predict a 5000 gold price, I simply stated that Treaty Creek is simply a non issue without it. The end of summer valuation (250 million mc) is

[AlwaysLong683]

surething, why the overly-sensitive defensiveness....?   I have never been long or short SIC and have no interest in doing so - I'm an "NFG-only" fan when it comes to Newfoundland gold explorers and usually post on the NFG BB (where I also try to be objective and level-headed), but also read posts on the SIC, LAB, and NFLD BBs out of sheer curiousity as to what is being said

[Hedge99]

I really appreciate (and I'm sure all of us do) the rundown @surething!! I didn't consider doing any DD on jiraldo's claims, and your assesment is very uplifting. When I look at our share price action this week I shake my head at what I see, and scratch it wondering if I am missing something here, with expectations that are higher than reality. You always seem to bring me back to the

[surething1111]

Thanks Hedge Sometimes I get a little over protective when I see people deliberately spreading negative inuendo.  Anytime you feel down about Sic, simply go and revisit the summary that geezer so kindly put together. These are absolutely stellar results, and market sooner or later will value accordingly. When looking at drill hole data, particularly some of the lower grade intercepts

[likeike]

NOW you are really speaking my language surething1111.....from everything I have gotten from Fosterville (and hopefully Tim as well having been there) a small ball/float mill is so  doable with this type of near surface nuggety gold. Maybe they will get so inspired when  NFG by the end of this year announces their intentions of going it alone. As for your follower that I had to reput

[surething1111]

Ike, Thank you, always knew you got it. I am hesitant to try and compare Sic to Nfg. I believe it to be unfair as Queensway is shaping up to be probably the best gold mineralization on the planet. I do see many analogies with Fostervilles, and believe that Sic will eventually match up quite favorable. I own a fair bit of Nfg, Lab also. Bought a small stake in K9 just to our south. I will never

[likeike]

Surething1111 ....I really believe SIC to a mini-me to NFG ...They have at least one  jewelry box and NFG at least 3 so far. I sorta wonder how big they really need to go with mill size as these deposits are so rich and in very tight areas. Fosterville is still more in the 20 to 30 m wide and getting pretty narrow in some places. The consistancies in these structures is so amazing and so

[surething1111]

Agreed Ike, Apologies to Sic longs but going a little off topic here, but still very relevant for Sic Just as well that drilling is relatively cheap, because it takes so much drilling to outline these deposits.  Regarding Nfg, I'm going with an average ore grade exceeding 10 gpt.,........ because of this we have an excellent economy of scale, for instance a 10000 Tpd ball mill can

[rgvgolf]

Surething and IKE are bang on with analogies re marketcap etc with nfg. ie a   20  billion MC  equates to a share price of $125   At 1million ozper year prod. and aisc at 500peroz and gold at 1800per oz equates to $8.125earnings per share At a PE ratio of 15 this stock would be valued at  15X8.125= $122  In these calcs I assumed 160 million shares 

[likeike]

You are definitely the man surething1111.... totally agree well under $500 AISC. You have me really thinking about things and love that you guesstimate numbers  I have not dared too.....I am not sure if I can come up with an appropiate response You have given me a few things to ponder and I thank you. IKE

[Hedge99]

I'm excited about this opportunity, and my new interest in gold exploration has me preparing to go panning for some on a buddies gold claim up in Barkerville!!! I picked up another 38000 shares last week as well!! Go SIC

[surething1111]

Hedge, May you find many gold nuggets in your pan. Congrats on the share pickups........Damn the torpedoes eh? Best S