Nice time to average down/add or start a positionSearch is on the way to establish a pilot plant to complete "proving out to scale" production of REE concentrates & begining to train a workforce. USA Rare Earths is collaborating with them & has made an investment in the project.
Search has done alot of the leg work to get their project to this point. Fox Trot & Deep Fox are very bankable & a F.S. will be coming. The project does have more value as other assests are in play and can be devloped over time. They will need to partner up with some one to get this "Clean ESG product" to market... & it is marketable & it is a CLEAN product. USARE is knocking on the door & seeking to go public shortly. They have mentioned more than once they will need additional sources of REE's to establish a secure, validated supply for their mine to magnet manufacturing buisness.
The traders will trade the swings & have done so. I think the market cap is/should be a little closer to 30 million (to reflect costs to date), & as it stands right now & @.16 to .20 is a good range to form a new base In 2 years I expect a much higher share price. I will add to this position over that time frame.
(I don't want to miss the day they announce a partner, like USARE did with TMRC... "IF" I buy in at a good price.... I think I will be happy with the outcome over that timeframe & long term hold....)
It is a penny stock so invest accordingly....
All IMHO & do your own DD...
Chico