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Search Minerals Inc V.SMY

Alternate Symbol(s):  SHCMF

Search Minerals Inc. is an integrated mineral exploration and development company, which is focused on the acquisition, exploration, and development of rare earths elements (REE) mineral properties in Labrador. It focuses on developing critical rare earths elements (CREE), Zirconium and Hafnium resources within the Port Hope Simpson-St. Lewis CREE District of South East Labrador. It controls two deposits (Foxtrot and Deep Fox), two drill ready prospects (Fox Meadow and Silver Fox) and other REE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 km long belt forming a REE District in Labrador. It also controls additional CREE assets in the Red Wine District of central Labrador. These include the drill ready Two Tom Lake CREE-Be-Nb deposit, the Mann #1 CREE-Nb-Be prospect and Merlot CREE Prospect. The Two Tom Property includes mineral licenses 027358M and 016522M in Labrador, Canada. The Red Wine property is located 80 km north-east of Churchill Falls, Labrador.


TSXV:SMY - Post by User

Post by Dariuszon Oct 19, 2021 1:32am
127 Views
Post# 34020987

7000m + 43101 + PEA = $1.00??

7000m + 43101 + PEA = $1.00??
7000 meters drilled!! That should double our resource estimate or perhaps more. There is a 43-101 already done and the new one due out by the end of the year will show the increase accordingly. And then the PEA by Q1 in 2022 should have amazing financials considering the resource increase (min x2) reduced refining costs due to their methods and increasing market prices for Rare Earths. I'm surprised that this is still sitting at 15 cents. Deserves 30c minimum. With the drill results due out any moment + 43101 + PEA this should rival Appia in SP so around 70 cents. Next few months should be very exciting here.
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