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Search Minerals Inc V.SMY

Alternate Symbol(s):  SHCMF

Search Minerals Inc. is a Canada-based integrated mineral exploration and development company. The Company is focused on developing critical rare earths elements (CREE), zirconium (Zr) and hafnium (Hf) resources within the Port Hope Simpson-St. Lewis CREE District of Southeast Labrador. The Company's projects include Deep Fox Resource, Foxtrot Resource, Fox Meadow Prospect, Silver Fox Prospect and other REE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 kilometers (km) long belt forming a REE District in Labrador. The Deep Fox Resource is located approximately two km northeast of the port of St. Lewis on the southeast Labrador coast, within 12 km of the Foxtrot resource. The Fox Meadow Prospect is located approximately 11 km west of Port Hope Simpson and one km northwest of a gravel forest access road which extends southwestward from the Trans-Labrador Highway. The Red Wine property is located approximately 80 km north-east of Churchill Falls, Labrador.


TSXV:SMY - Post by User

Post by Laphroigon Jun 16, 2023 11:31am
539 Views
Post# 35500215

Get out of the way ....

Get out of the way ....A company may function with a project manager as a COO, I'm not so sure about as a CEO. We'll see. We learned a few things from the webinar. Four phases of development will bring first production to late 2027 (if all phases are completed on time). We heard the project management buzzwords; evolving, adaptable, changing, strategies, timelines. A lot of talk about investors becoming enthusiastic as the project progresses. We heard about  capital raises, off take agreements, investment partners.  This summer will be spent making the necessary internal adjustments to prepare for the transition from explorer to developer. So, it appears that not much will be happening outside of the company until the fall, unless there is a capital raise before then. I was a little surprised to hear that only 58% of the results from the drill program have been received after 7 months. In phase 4, we can expect all hell will break loose. My takeaways. I feel confident, Todd will manage "the project" well. Just not sure about his concern for shareholder value. I think current shareholders will need divine intervention to prevent t their positions from being ravaged. Come on Joe and Justin. Please?!
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