For potential investors - Here is what spmt has Hello all,
I feel there are some posters here that are clogging up the board with a bunch of Karl. Mainly luvhorses, so o thought I would make a post for people checking the company out.
they have completed the ten hole program and the assay results are with a consultant company to quantify the resource. Alll the holes hit on this program. The company above them is (cyp) Cypress development who has already quantified their resource and is now in the research stage of extracting the lithium from the clay. Spmt had similar results to them with a hitting 900ppm cutoff that cyp used in their feasibility study. Spmt hit some very nice grades up to a high of 1800ppm with the avaerage for the holes probably being around 1100ppm. Cyp is trading at $1.88, spmt can quantify the resource this will have legs to get up their with cyp.
managment is also in talks about the spin out of the lithium. I would think they will complete the resource report prior to moving forward with this.
just some info and opinions on where spmt could be. Good luck all