RE:RE:RE:Great News and shares drop!400PPM cutoff is low grade for lithium. I was expecting to follow CYP's 800PPM cutoff but that would have lowered the total resource substantially.
I think everyone really wants them to jump on the Goose Gold project more than the Perron property though. Once they get that going i can see the shareprice moving somewhere, but not much until drilling commences IMO. Maybe if the phase 2 exploration shows something promising at the perron property it could shoot up, but they needs drills turning like right now.
That is why i am dissapointed that more was not planned for summer at both properties. They had all winter. They should have the P2 exploration completed already and be getting ready to drill.
The goose gold project should be #1 priority right now.
This will all take time, so try not to worry about the dips. It might fall even lower but that could be your chance to buy more if you are confident in what they have. This could dip down towards $0.10 before popping again with this lull in NR's that we will likely see in the coming month.
Take profits when you can. I was furious with managment after their selling spree after the final drill results news release. Came right from managements mouth when i called. He said "you should have taken profits" which did not comfort me in the slightest. Management should be consistantly try to drive up the price not scolding investors for holding. That really opened up my eyes.
The gold projects is what really interested me when i first started researching SPMT and where they should be priortizing. GOOSE GOLD!!
Good Luck