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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 doubleUUon Jan 11, 2021 7:01pm
131 Views
Post# 32272599

RE:RE:Cypress Development high of $1.91 today

RE:RE:Cypress Development high of $1.91 today I won't throw an arbritrary guess out there since no one could tell you with certainty... But... 
If we're thinking about the likelihood of $1.90, SPMT would have to be valued at 2x CYP because it has nearly 2x outstanding shares.

As of right now, CYP hasn't even reached it's full market value yet. With a lot of excitement for CYP, and impending news we're all waiting for, $5+ is coming in due time. And so when that that happens.... it wouldn't be unreasonable to expect $2.50 for SPMT. 

All of this is ONLY considering SPMT's Clayton asset. SPMT also has a gold asset. 

So, with that said.... I still can't give you a probability in percentages, but with the way things are going, I would be shocked if we're still at $0.09 when CYP strikes $5.

Let's see SPMT hit a dollar first!
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