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Spearmint Resources Inc C.SPMT

Alternate Symbol(s):  SPMTF

Spearmint Resources Inc. is a Canadian junior resource exploration company. The Company's principal business activities include acquiring and exploring exploration and evaluation assets. The Company's Clayton Ridge project in Clayton Valley, Nevada, is comprised of 12 contiguous claims totaling approximately 248 acres. The Company has three separate claim blocks in Nevada that are prospective for lithium known as the 1,136-acre McGee Lithium Clay Project, the 124-acre Green Clay Lithium Project, and the 280-acre Elon Lithium Brine Project, covering an aggregate area of 1,540 acres. Its 3,015-acre Chibougamau project is composed of four separate claim blocks and is located in the direct vicinity of Lac Chibougamau, Quebec, Canada. Its 100-per-cent-owned Perron-East Gold Project consists of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of northwestern Quebec.


CSE:SPMT - Post by User

Comment by Notmyfirstrodeoon Jul 22, 2021 1:31pm
124 Views
Post# 33590638

RE:So when Gold is up for the day Spmt is down and vice versa!

RE:So when Gold is up for the day Spmt is down and vice versa!None of what you wrote has anything to do with the SPMT business model. The model only includes as much or I say as little exploration as will satisfy the regulatory agencies. The SP needs to come down so that stock options can be issued at a low price than they do a promotion and pump that price up to sell those stock options. James has done very well from the options he bought for a nickel and sold for as much as 18 cents. The rest is just smoke and mirrors. These must be confusing times for SPMT management because this has never happened before. Usually the stock goes up fast and only a few cents and then within days it drops again. Pump, dump, and done. This time they hit an all time high and it's taking a long time to come down and they have raised more money than they ever dreamed of all at once. Things must be a bit stressful around the office with them trying to work out how much money to spend on exploration and not deliver any real results. They seem to have a handle on it now since they are doing cheap and useless exploration and the SP is slowly coming down. Look for another pump at 5 to 8 cents unless they get lucky and enough people bail out to drop it below those numbers. People say this company will never have a working mine but I've seen them mine investors pockets repeatedly. 
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