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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

Bullboard Posts
Comment by musingon Jun 24, 2003 12:08pm
262 Views
Post# 6196578

RE: Run up on SAMSYS probably over

RE: Run up on SAMSYS probably overSonny, the theory works if SMY ran up for the reason you posit. However, don't forget that little matter of the Intermec announcement. This announcement marks the threshold of transformation of an R & D company to a commercial company. Intermec is no small unsophisticated player. If SMY's tech was good enough for Intermec, the longs are betting, given what is apparently going to happen in the RFID industry, that its going to be good enough for many, many VAR's, end users and manufacturers. And on top of all that there is a critically important patent application which we should here about sooner or later. So, the run up may not be a product of a tech draft up. It may be SMY specific. If that is the case what happens next may also be SMY specific.
Bullboard Posts