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.

TSXV:SMY - Post by User

Search Minerals Inc

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Comment by eaglemanon Apr 15, 2006 10:41am

402 Views

Post# 10687106

RE: GAME NOT OVER YET

I think you have it right John Cliff bet the company with the last financing. If we revisit briefly the post by jeepman from about yesterday morning titled HEY CLIFF, jeep asks "miss the boat Cliff"? I can't be certain of the time frame but that post had news references to ~15,000 readers bought by WalMart, from companies other than SMY. Likely SMY was in the running for that business but got zero. Perhaps that bet sunk the company. The revenue from that missed oportunity could run 10 million to 15 million. Did this missed sale happen end of January?? Might explain the share price motion, which still bothers me! I do want to say, that Cliff didn't miss any $$$, he did miss the boat clearly! eagleman ( I on the other hand missed both.

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