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Search Minerals Inc V.SMY

Alternate Symbol(s):  SHCMF

Search Minerals Inc. is a Canada-based mineral exploration company that is focused on acquiring, exploring, and evaluating mineral resource properties. The Company's projects include Deep Fox Resource, Foxtrot Resource, Fox Meadow Prospect, Silver Fox Prospect and Red Wine REE District. The Deep Fox Resource is located approximately two-kilometer (km) northeast of the port of St. Lewis on the southeast Labrador coast, within 12 km of the Foxtrot resource. The Fox Meadow Prospect is located approximately 11 km west of Port Hope Simpson and one km northwest of a gravel forest access road which extends southwestward from the Trans-Labrador Highway. The Silver Fox discovery is located 14 km west of St. Lewis, two km west of Foxtrot and about one km south of an all season graveled road. The Red Wine property is located approximately 80 km north-east of Churchill Falls, Labrador and is 100% owned by the Company.


TSXV:SMY - Post by User

Post by Dariuszon Oct 19, 2021 1:32am
102 Views
Post# 34020987

7000m + 43101 + PEA = $1.00??

7000m + 43101 + PEA = $1.00??
7000 meters drilled!! That should double our resource estimate or perhaps more. There is a 43-101 already done and the new one due out by the end of the year will show the increase accordingly. And then the PEA by Q1 in 2022 should have amazing financials considering the resource increase (min x2) reduced refining costs due to their methods and increasing market prices for Rare Earths. I'm surprised that this is still sitting at 15 cents. Deserves 30c minimum. With the drill results due out any moment + 43101 + PEA this should rival Appia in SP so around 70 cents. Next few months should be very exciting here.
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