Search Minerals Inc V.SMY

PEA comparison; Search vs Defense;

[SergioR]

Folks we have to realize how great the $$$ numbers are on this PEA! We can make a easy and very accurate comparison with the PEA Defense Metals released last November;
1. The project net present value (NPV): Search $2.23B (before-tax) and Defense $765 million (before tax)
2. The pre-tax internal rate of return (IRR) for Search is 55.3% while Defense is at 20%
3. The pre-tax capital payback for Search is 1.5 years while for Defense it stands at 5 years!
What can I say ... congrats to all who saw what Search can be! We hot a home-run!!!

[Laphroig]

....and these numbers will improve with the drilling this summer. Add to that Fow Meadow's surface exposure is larger than either Foxtrot or Deep Fox. Throw in a couple of more targets and the new land package recently purchased and you have to see a large jump in the share price over time. In the Big Land, scale is different. Think about the incredible amount of  iron ore west of this

[antisense]

Then why did the stock price not move today?  Take awhile for the news to diseminate?

[SergioR]

I'm dissapointed too. I think the overall market conditions are too strong of a force for anything to go up right now. I also think that the years of neglect for PR at Search are a big factor. 18 cents is low for a company like Search - there is no doubt about that. I will be buying more as soon as we slide down again.