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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 30, 2003 2:59pm
195 Views
Post# 6582920

RE: forecasts

RE: forecastsVirginie, you need to read way back in this thread's extensive discussions of patents. First Jeepman's point is right. There will be substanial use of single frequency and protocol readers. Second, SMY will licence the use of its patent and though this well benefit SMY, substantially I might add, other companies, armed with the licence, will come out with their own MP/MF readers. Morover, there is always the risk, and there is no way I can assess the scale of this risk, that another company will produce a MP/MF reader through a technology not covered by SMY's patent. When one gets a patent, the patent relates to the technology of doing something. One doesn't patent the funtion, in this case reading multiple frequencies or protocols. Lots of discussion of these points, on this thread, from time to time in the past.
Bullboard Posts