Search Minerals Inc V.SMY

Alternate Symbol(s): SHCMF

Metals & Mining Industrial Metals & Minerals

Search Minerals Inc. is an integrated mineral exploration and development company, which is focused on the acquisition, exploration, and development of rare earths elements (REE) mineral properties in Labrador. It focuses on developing critical rare earths elements (CREE), Zirconium and Hafnium resources within the Port Hope Simpson-St. Lewis CREE District of South East Labrador. It controls two deposits (Foxtrot and Deep Fox), two drill ready prospects (Fox Meadow and Silver Fox) and other REE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 km long belt forming a REE District in Labrador. It also controls additional CREE assets in the Red Wine District of central Labrador. These include the drill ready Two Tom Lake CREE-Be-Nb deposit, the Mann #1 CREE-Nb-Be prospect and Merlot CREE Prospect. The Two Tom Property includes mineral licenses 027358M and 016522M in Labrador, Canada. The Red Wine property is located 80 km north-east of Churchill Falls, Labrador.

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Search Minerals Inc

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Comment by dismalscienceon Apr 05, 2006 11:52am

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Post# 10625762

RE: For every seller, there’s a buyer

Punkin’, I’m not asking for your sympathy. So you think the company’s worth about $3.6M to a buyer? Do you know what the current book value is? How do you evaluate their marketing relationships and intangibles? And how do you estimate the value of their new reader? Any idea what market share it might be able to grab? It’s cheaper with higher margin. BTW, no need to get hostile… Cheers, Diz

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