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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 Pezo_Plakaon Feb 18, 2005 9:57am
147 Views
Post# 8614956

Here loulou

Here loulou25-30 mill is required to meet Cliffy's informal estimates. Year end conference call 2004. Paraphrasing below. "We are building a company that can handle 25-30 mill in revenues for 2005... this is not an outlook just a fact" So if you do indeed take that as an estimate then let's do the following: (30 mill + 25 mill)/2 = 27.5 mill in revenue for 2005 1rst quarter revs = 1.4 Rest of year revenue required = 27.5-1.4 = 26.1 Rest of year / 3 quarters left = 8.7 mill /qtr After I am done rolling around in it... you can have it for lunch now dork...
Bullboard Posts