Sokoman Minerals Corp V.SIC

Fundamental Research Initiates Coverage on SIC

[Goldjknf]

Fundamentally - very conservative  - Nonetheless - Good Article -  Fair Value at $0.60 trading at $0.32, no brainer everybody, load up and hold!!!!

What have all the longs been saying here, buy and hold!!!!

I have never liked a Gold stock so much before, and too many blind/ deaf and dumb people out there!!!

GLTA longs  JKNF

[BlueChipper2020]

I have been a LONG since FY 2018 however note the following: 1. The fair value of SIC by best measure for a junior with zero measured/indicated resources let alone any proven reserves and no cash flows is the trading price of shares which is $.32. This is the price at which market participants have agreed as to fair value.   2. The article sets a price target of $.60 and does not say

[likeike]

@MAW @dentarius I also saw on page 7 of report – Speculative resource estimate of 2,001,210 AU. Based on results to date, and our review of comparable projects, we are aiming at a preliminary initial estimate 0f 2 Moz at 2 gpt gold. -- Note that we have used conservative dimensions and grades. And ditto on resource estimate BC. IKE   0

[Maxmoe]

I agree it's misleading to call it "fair" value. It could more accurately be called comparative value, or relative value, or maybe even "risked" value if it was properly defined. Any trained student of financial analysis however recognizes the term "fair value" as having some relation to cash flows, assets, etc in other words fundamentals.  NPV and capm stuff