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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 Oct 02, 2003 12:59pm
198 Views
Post# 6483280

RE: It Will be Cancelled

RE: It Will be CancelledAbolutely agree grumps that on a percentage basis we all suffer the same dilution. But obviously capitalization of what Cliff and BTG owns suffers more than we wee shareholdes. But the point I was trying to make was the one you made explicit. The insiders are in the same boat and have even a bigger interest, not in percentage but in absolute terms, in success of SMY. That's why I'm most interested in what is over the horizon rather than what is happending with this financing. But I do think that the quantum of financing will give us a hint of what the market thinks. I sure hope its oversubscribed.
Bullboard Posts