RE:$SPMT - Could we see results tomorrow?Jimmy Nelson states; "We are pleased to receive metallurgical extraction recovery rates at over 80%. These metallurgical results will assist us in taking the next step in the process towards determining a potential resource calculation for our Clayton Valley Lithium Clay Project in Nevada. Spearmint's recently completed drill program, that discovered lithium in all 10 out of 10 holes, was drilled directly into the shared blanket-like claystone deposit (see map) where our neighbour Cypress Development Corp. already has total measured plus indicated resource estimates of
"Cypress has just closed a private placement for $19.55 million to develop their claystone deposit. This is a huge benefit to Spearmint to have two major adjacent projects being funded for over $50 million, allowing Spearmint the benefit of a significant outlay of research and development spending on either side of our property without Spearmint having to commit our own money"
In other words, to continue to area play this SOB till the cows come home.
And then right after mentioning that they don't have to spend their own money in Nevada;
"We are moving forward at a rapid rate right now at a time when demand for lithium is approaching all-time highs. Management remains confident about the short and long-term future of Spearmint."
Management doesn't really know what they are doing, anyone who speaks to the Jimmer figures that out quick. I wonder how Gary puts up with it, knowing he's the QP for a questionable operation.
This is ONE of FIFETEEN "projects" Spearmint is holding. And apparently, they are going to actually drill their QC property. I see them dropping a whole heap of claims when they are set to expire.