Sokoman Minerals Corp V.SIC

This could end up as big $$$$ for SIC

[Kewl002]

Key will be to prove resource and sell quickly. Mkt is volatile.........

We stay a GOLD company but use this opportunity to fund next years drilling!!

Lithium Prices Have Nearly Doubled In 2022 Amid Insane Commodity Rally

https://www.zerohedge.com/commodities/lithium-prices-have-nearly-doubled-2022-amid-insane-commodity-rally

But few, if any, green metals have witnessed a price explosion as epic as that of lithium.

After more than quadrupling in value last year, lithium carbonate continues to soar in 2022, according to Benchmark Mineral Intelligence. The mid-March assessment by the battery supply chain research outfit shows that battery-grade lithium carbonate (EXW China, ≥99.5% Li2CO3) is averaging $76,700 a tonne, up 10% over just two weeks and 95% since the beginning of the year. A year ago, the commodity was trading at $13,400 a tonne. 

The rally in lithium hydroxide, used in high-nickel content cathode manufacture, is accelerating, up 120% so far this year, narrowing the discount to lithium carbonate, which historically is priced below hydroxide.   

Benchmark says that Chinese inventory levels for hydroxide, carbonate, and spodumene feedstock remain very low, sustaining the high price environment:

[geezer21]

Technology being developed by Medaro is making Sokoman's lithium a lot more valuable.  Medaro progress on the technology is looking viable now.  If someone could suggest to Tim to send samples to Medaro for testing that would be super.  Here is Medaro's latest news release. VANCOUVER, BC (March 17, 2022) —Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) (FWB: 1ZY) (“Medaro

[surething1111]

Kewl,  not so fast my friend, At even a 1% LiCo2 grade, this translates into 750 usd. Per tonne rock,  into 10gpt. Gold equiv.  Given the apparent size and scope of this lithium body, I would be more inclined towards drilling it out and at the very least spinning it off into it's own entity. We are of course a mineral company after all. Perhaps we'd best wait for the

[BlueChipper2020]

Surething,  I agree with all excellent points in your post. I am also not a lithium investor and even Tim said he had to get up to speed on it [paragphrasing]. Tim has previuously stated iidea to spin out into separate company is with the board. Expect assay results from the 1st hole next week per Tim and he is very excited about this 1st hole. I would say giddy. The spin out makes sense

[surething1111]

Lol BC, Speaking of "herds",,,,,,,,,,  with regards to Sokoman, this must be the slowest moving herd I've ever seen. Lithium might be just the cattle dog needed to get this herd moving.  Last year, I considered myself overweight in my Sokoman holdings, I'm now sitting at double that number of shares Lol.     If I considered Sic a bargain at .45- .75, I

[BlueChipper2020]

Agree on the slow moving herd. It looked like the herd was here in March last year when we ran up to $.78. SIC is a better investment today vs. a year ago by far. The market is not always rational and it will take some momentum to get things moving. It will happen fast. I think we are in great shape with news pending from 3 projects. Besides Moosehead, Grey River and Golden Hope have the potential

[lewdogg]

Always appreciate your posts, BC. I'm one of the impatient ones that has been very frustrated watching the PPS go nowhere in the last few months. The potential is here for sure, but it's clear that someone is holding down the price and it's really hard to be confident that it will change. GLTA.

[geezer21]

"I'm one of the impatient ones that has been very frustrated watching the PPS go nowhere in the last few months." The fact that the price has held through a slow news winter period is a good indication that people see good reason to be patient and hold on to their shares. Very few share are being given up.  There has only been minimal trading for shares a half penny up and

[BlueChipper2020]

I understand your fustration.  Keep in mind, SIC was trading in a range of $0.12 to $0.19 for about 2 years with going down to $0.05 and rarely breaking the $0.20 level.  The stock price will eventually take care of itself as one or more of the news flow coming from the 3 projects will break us out. Tim also has said he was fustrated at the stock price many times but the market is what

[Minray]

I always appreciate your objectivity BC. The juniors are getting hammered by the cartels for now but eventually they're going to move up. The junior mining index GDX, GDXJ and NUGET are seeing some moves up. This is a good sign for the juniors!!!

[geezer21]

Somebody please drop into Eastern Analyticals and tell them to put on another shift.  They can double their revenue. There are plenty of technicans to do this work.  All they do is follow a processing recipe.  I know.  Ages ago I did this type of work.  All it really requires is a highschool or college diploma.