RE:RE:CesiumProblems with SIC in my view as things stand today:
They have spent money on drilling the lithium property but have yet to show it's anywhere close to being a profitable play, so I find it hard to believe any other entity would want it at this point.
2) Given the orogenic, epizonal gold system at Moosehead, SIC will have to drill numerous closely-spaced impressive holes to demonstrate its potential as an eventual profitable mine. This has not been the case to date. Further, SIC's assay results are slow to arrive..Conversely, NFG is drilling like a madman in their best potential mining zones and, with multiple labs being used, producing assay results at an impressive pace.
3) Looks like SIC will have to do another share issue soon and a price that will likely disappoint given the price at which the shares are currently trading. They may be trying to delay such a move as much as possible, but they can only take this so far unless they are going to cut back on staff and/or drilling operations.
Moral of the story: No matter how much the share price of a company drops, it can always fall further if operations continue to not go according to plan or the company spreads itself too thin in spending money on multiple land packages simultaneously. Like I warned months ago, more is not necessarily better in terms of claims packages if some / most end up being unmineable.