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Searchlight Minerals Corp SRCH

Searchlight Minerals Corp. is an exploration stage company, which is engaged in a slag reprocessing project and the acquisition and exploration of mineral properties. The Company is focused on the Clarkdale Slag Project, located in Clarkdale, Arizona, which is a reclamation project to recover precious and base metals from the reprocessing of slag produced from the smelting of copper ore mined at the United Verde Copper Mine in Jerome, Arizona. The Company is involved in separating valuable metals, including gold, high-quality pig iron, and zinc oxide from approximately 20 million tons slag pile left from the United Verde Copper Mine in Jerome, Arizona. It separates out pig iron of 95% or greater purity from the Clarkdale slag creating a glass with residual gold trapped inside from the slag. The Company’s wholly owned subsidiaries include Clarkdale Minerals, LLC and Clarkdale Metals Corp.


PINL:SRCH - Post by User

Post by mrcashflowon May 14, 2018 6:50pm
85 Views
Post# 28029510

26% Haircut today..

26% Haircut today..Well I didn't think the results were that bad, but I felt it was worthy to add some additional shares late in the day today.I think everyone was waiting on the results from the Newcor holes, Honestly with the shares accumulated by Sean Spelicy the past few weeks,I find it hard to beleive this guy is a knucklehead and throws his money away, he seems to have a pretty good handle on the area. My thinking is the results from Newcor will be much better, With tthe mining conference set to kick off, it appears this was an orchastrated maneuver. I expect the next 2 holes to be much better, and give a lift to the price..Additional results should be released Tuesday, if all is well, Heres hoping..
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