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Spearmint Resources Inc C.SPMT

Alternate Symbol(s):  SPMTF

Spearmint Resources Inc. is a Canada-based junior resource exploration company. The Company’s primary projects include four projects in Clayton Valley, Nevada, such as the McGee lithium clay deposit, the Elon lithium brine project, Green Clay lithium project, and the Clayton Ridge project. Its other primary projects include the Perron-East gold project consisting of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of Northwestern Quebec in the direct vicinity of Amex Exploration Inc.'s Perron property and past-producing Normetal mine. It has three separate claim blocks in Nevada that are prospective for lithium known as the 880-acre McGee Lithium Clay Deposit. The Green Clay lithium project consists of 97 contiguous claims totaling approximately 2,000 acres, and the Clayton Ridge project consists of 35 contiguous claims totaling approximately 721 acres. Its Chibougamau vanadium project is located in the direct vicinity of Lac Chibougamau, Quebec.


CSE:SPMT - Post by User

Comment by ErinBrockovichon Oct 05, 2020 10:44pm
109 Views
Post# 31671611

RE:Pump and dumps

RE:Pump and dumps

In a word. Yes. If you look at the past cycles of this company. Be it hyped marijuana, closeology lihium, and now, closeology gold/siver. The pattern is the same. Company releases news about how it is breaking into a new investment paradigm and that everyone show come on board. Early investors load up on cheap shares; 0.01, 0.02 cents. Then these guys become very, very optimistic and spread the word. 

The first cycle was in early 2013 (marijuana). The second cycle peaked in January 2018 (lithium). The current cycle started in December, 2019 (closeology gold/siver) and is still running its course. It might last another couple of months. I don't know. But if no substantive news comes. Like we found some gold/silver. People will exit. 

There is a wall of support at 0.05. Which, coincindentally, is the excersie price for many, many, many options. Payable to company officers I might add. There also a ton of options currently at 0.08 cents. Very often people will attempt to short to the option price. Often they get there. This has been happening. Myself, however, I am not doing that.

     

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