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Bullboard - Stock Discussion Forum Spearmint Resources Inc C.SPMT

Alternate Symbol(s):  SPMTF

Spearmint Resources Inc. is a Canadian junior resource exploration company. Its business activities include acquiring and exploring exploration and evaluation assets. Its Clayton Ridge project in Clayton Valley, Nevada, is comprised of 12 contiguous claims totaling approximately 248 acres. It has three separate claim blocks in Nevada that are prospective for lithium known as the 1,136-acre... see more

CSE:SPMT - Post Discussion

Spearmint Resources Inc > Nice try, Jason...will need to be better :(
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Post by luvhorses on Feb 25, 2021 4:01pm

Nice try, Jason...will need to be better :(

watch out below tomorrow's close :(
Comment by Sam8829 on Feb 25, 2021 4:11pm
Until they can get to a PEA, at the very least, they have nothing. An obvious generic answer to when costs should be obtained and considered might be “on-going,” but for prefeasibil-ity costing the true answer is “when you have a measured and indicated resource.” Exploration stage properties or properties with only an inferred resource do require cost considerations (scoping or preliminary ...more  
Comment by Sam8829 on Feb 25, 2021 4:20pm
The reality of these guys paying for a PEA is unlikely. The amount of money required for a PEA would cut into their life style money/salaries. $2,000,000 with their burn rate is laughable in terms of the cost of advancing a property from speculative drilling to profitable discovey would eat up that cash on hand very quickly.
Comment by luvhorses on Feb 25, 2021 6:18pm
That was my entire point from a few months ago...they don't have any cash to do any of this stuff...they're in it only for a buyout!!  Funken open your eyes, dudes!!! No one's going to be knockin on their door except for the OSC!
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