Spearmint Resources (SPMTF)

[MasterBlastr]

Yep. But I do NOT want Spearmint to use this resource as a backstop to dump shares into. They are supposed to have money, and not be doing a stunt like that.

[No1Uknow]

When I said this was a long term holding, I am putting these Clayton Valley positions into the family next generation trust, that way I never have to sell them, someone else will.

[MasterBlastr]

They finally got water and now the pilot extraction plant coming online. Things never move as fast as you like, but thats mining.

[No1Uknow]

In my Clayton valley sweep I am trying to pick up some Pure Energy, they hold prim o property in the valley but the big money is going into Spearmint.

Watch out with Cypress, was in it a few years ago and a visit to their office was less than impressive, but things change.. have not followed it.

[MasterBlastr]

Exactly. I traded in/out a couple times, but now hold a position equal to about 3% or my portfolio, should bump to 5% anyway. I am also happy about Cypress, and a few others.

[No1Uknow]

You do have a point there, a typical Vancouver mining company burns through all the cash then comes out with a lame excuse and then folds..

I think this one is different.. there are some smart geologists behind this one and some smart money too..

I have a position but hold a little back in-case we get a dip, long termer for this one and well worth it...

Company current market cap $14 million, lith carb in the ground at $8 billion total. possibly $1 billion recoverable...

[MasterBlastr]

Yes. And more than just the tonnage, but location, extraction methods needed, refining methods needed for resulting quality of end product. What would it cost to bring up out of the ground. All that will be looked at behind the scene. Lots of work needs to be done, time for patience and accumulate in the meantime. Good buy right here.

[No1Uknow]

Morning news was kinda fluffy but necessary.. but the final statement caught my eye>>


We will remain active on at least three projects within Canada and anticipate beginning a phase 3 drilling program on our flagship Clayton Valley Lithium project as well to further build upon our recently released resource estimate which included a total of 1,006,000 tonnes of Lithium Carbonate Equivalent (LCE)."

https://finance.yahoo.com/news/spearmint-completes-initial-program-escape-070100324.html

[MasterBlastr]

Spearmint needs to keep defining their resource in Clayton Valley so they can intelligently make a deal when the time comes.

[MasterBlastr]

All the legit players in Clayton Valley have bright futures in lithium and other battery metals. Things are slowly perking back up after a wild early spring when things got overbought a bit.

[MasterBlastr]

Spearmint will eventually sell or lease their property in Clayton Valley. They are not in the mining business. Eventually this will pay of handsomely later in this decade. A stock to buy a nice chunk and tuck it away. As long as the company doesn't blow all their money on some stupid gold mine or something.

[No1Uknow]

The lithium miner next door, in the same valley


Stock Price NYSE: ALB $187.25

[No1Uknow]

Resource estimate... $6,384,000,000. if all the Lith Carb was sold at $8000 per ton.

now do you see why I am tucking this one away for two to five years.

[No1Uknow]

In 2020, the average price of a battery-grade lithium carbonate was an estimated $8,000 U.S. dollars per metric ton. Lithium is a highly reactive soft and silvery-white alkali metal. As the third element in the periodic table, they have 3 protons in its nucleus and three electrons around it. As a result of being highly reactive, it cannot be found in its pure form in nature. Additionally, it is also very flammable and can cause burns if it comes into contact with skin. Furthermore, it is necessary that it is stored in mineral oil because otherwise it will react with air or water. It is the least dense of solid elements and the lightest out of all metals.

[No1Uknow]

I love it when I am the only one taking out the daily volume...

This is classed as a long term hold with what I think is amazing potential!!!!

Spearmint’s Clayton Valley Lithium Clay Project 43-101 Technical Report includes a maiden resource estimate of 798,000 indicated tonnes and 213,000 inferred tonnes for a total of 1,011,000 tonnes of Lithium Carbonate Equivalent (LCE). Recently, Spearmint has discovered Lithium in all 10 out of 10 drill holes of the phase II drill program on its Clayton Valley Lithium Clay Project in Nevada achieving a 100% success rate,

[toastturtle]

Yep all the lithium exploration and miners have come off their highs but something different about SPMTF is that they just went from no resource deposit to having one. They have pulled back with everyone but with the deposit I think they are probably at the bottom now going forward. Now additional work or success on the other projects add value to the company. Can't say if it will blast past earlier highs quickly but over the medium to long term things are definitely greener. Now it should trade with the value of the resource with peaks on news and catalysts from everything else. I personally think it has a decent upside over the next 6 months but we will see...

[MasterBlastr]

Almost all lithium and battery metal stocks popped huge Dec-Feb and are just coming back to earth.

[nowwhat2]

8 sessions earlier

[toastturtle]

$SPMTF had some news today. Almost overlooked it. Announced work started on the Case Lake project by Clean Air Metals. From my estimation that means there are 4 projects getting worked this summer. I think this is going to be a good summer.

Projects that are being worked.

1. Goose Project by New Found Gold.
2. Perron-East project - Lidar being done for drilling now.
3. Case Lake - Platinum Group Metal Project
4. Clayton Valley Lithium Project - Executing on the Stantec report recommendations.

Feeling pretty good about this one...

[MasterBlastr]

Oh yes - I lost some zeroes there. Will be interested to see if we will try to sell or lease our property. I think there is more exploratory drilling scheduled to further define what they have.

[toastturtle]

Potential 8B in the ground sounds low but really at that point for a company with the current market cap it really doesn't matter if it was 1B or 10B. It is trading far below it's value in my opinion. Toss in some juicy gold projects that are getting some work programs now and I think this is an easy trade over the next several months. Just my opinion though. I like $SPMTF and think I will do well with it.

[ltdpilot]

More like $8 billion in the ground, doesn't mean it is worth that yet

[thomaszee]

Battery grade lithium carbonate is $8000 dollars per metric ton.
Average single EV takes 22 lbs of lithium per car.

[MasterBlastr]

So we are looking at 1 million tons LCE * $13/ton = $13 million in the ground, more or less. Sound about right to you?

[nowwhat2]

Odds


Previously











nowwhat

[toastturtle]

This is fantastic news for all of the shareholders. Nice to have some good numbers to this project. $SPMTF should be running again now...

[ltdpilot]

https://www.newsfilecorp.com/release/87284/Spearmint-Announces-Maiden-Resource-Estimate-on-its-Lithium-Clay-Project-in-Clayton-Valley-Nevada

[ltdpilot]

Any details on this delayed report?

[ltdpilot]

Well that was a disappointing trading session

[ltdpilot]

Lithium mining news, I have asked him to cover SPMTF. Good general info anyway

https://seekingalpha.com/article/4431338-lithium-junior-miners-news-for-the-month-of-may-2021?mail_subject=matt-bohlsen-lithium-junior-miners-news-for-the-month-of-may-2021&utm_campaign=rta-author-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha

[nowwhat2]

Wow....That was yesterday ?

What're these co's doing releasing news on Canadian holidays ?




Nice gap fill (down south) !

[ltdpilot]

https://theotcexchange.com/mining-pit/the-otc-exchange-2/spearmint-to-begin-phase-ii-work-program/

[GUNSMOKE]

SPMTF !! LOOKING GREAT !

[ltdpilot]

https://ca.finance.yahoo.com/news/spearmint-begin-phase-ii-program-070100336.html

[toastturtle]

I hope to see some number in a few weeks but everything since the start of 2020 has taken twice as long as expected. I think three weeks so hopefully less than 5 weeks if I am being pessimistic. Although with the preliminary results on metallurgy maybe it could be less. Most of the work is done..

[toastturtle]

If I were to read the room I would guess the inexperienced investors are indeed taking profits. They probably didn't read the news fully. The results are preliminary and need confirmation which probably will add another week or two to the process. This should put the Stantec report maybe 3 weeks out still. Once that is out though we should have a pretty good shot at knowing what the Lithium project is worth and considering they have not had an asset like this before I think it will find a new level to build from at that point.

Quick chat with the company today confirmed they have close to 3.5m in the bank, near zero overhang as almost all outstanding options and warrants have expired or been exercised so going forward we can expect zero dilution. Work plans coming for multiple projects. I expect this will keep grinding up for most of the summer at least. Have to see where the work programs go of course but with commodities going as they are and a deposit I think Spearmint's future is green. (Bit cheesy I know...)

[ltdpilot]

Ok... lots of people taking profits today? When is Stantec due?

[ltdpilot]

http://www.investmentpitch.com/video/1_5g993ciz/Spearmint-achieves-83-Lithium-Extraction-from-preliminary-metallurgical-testing-at-its-Lithium-Clay-Project-in-Clayton-Valley-Nevada

[GUNSMOKE]

SPMTF ! LETS BUST .16 TODAY ! Game-on....gl

[ltdpilot]

Valuation due in 2-3 more weeks?

[toastturtle]

Yes, these results are very good. It means 80%+ of the lithium in the initial assessments is recoverable. With that figure they can project how much of the lithium they can pull from the clay-stone on the project and assign a value to it before and after cost of extraction. This one just became an economically viable mine if they go that way.

I would expect they will let Cypress, Albemarle and the others hone the refinement process rather than working on it as well which makes sense since they all are spending 10s of millions on the processes now. I think this makes the project an excellent candidate for acquisition down the road. For now, it will help put a value on the company once the deposit value is determined. With Lithium around 90,000 a tonne and expected to go much higher this is an easy buy and hold. $SPMTF to moon...

[bb221]

Nearly identical to cypress results

[ltdpilot]

Can someone quantify this? Is this good?

[bb221]

Spearmint Achieves 83% Lithium Extraction from Preliminary Metallurgical Testing on its Lithium Clay Project in Clayton Valley, Nevada

https://www.google.com/amp/s/www.marketscreener.com/amp/quote/stock/SPEARMINT-RESOURCES-INC-46415457/news/Spearmint-Achieves-83-Lithium-Extraction-from-Preliminary-Metallurgical-Testing-on-its-Lithium-Clay-33257360/

[TradingCharts]

flow-through shares explained

Canadian

[TradingCharts]

FORM 6 CERTIFICATE OF COMPLIANCE

TO: CANADIAN SECURITIES EXCHANGE (“CSE”)
Spearmint Resources Inc. (the “Listed Issuer”) hereby certifies to CSE
[Name of Listed Issuer]
that the Issuer is in compliance with the requirements of applicable securities legislation
(as such term is defined in National Instrument 14-101) and all Exchange Requirements
(as defined in Policy 1)

https://webfiles.thecse.com/SPMT_-_CSE_Form_6_-_Certificate_of_Compliance_-_20210512.pdf?3X0cYBXuClvgOvDS4OXgnA5LQ3k70HM7

[ltdpilot]

https://ca.finance.yahoo.com/news/spearmint-closes-private-placement-1-070100644.html

[ltdpilot]

Thanks, good to know. May buy a bit more then...

[TradingCharts]

Paul yesterday
so this is what I just learned by calling spearmint directly. Jim (president) wasn't in the office but I spoke to an associate. The results may still be 2-3 weeks away. the reality is that covid slows everything down and places like testing facilities are working at half capacity. the private placement was closed almost immediately and he said when we find out who is backing this placement it would be good news. he also said they have some marketing planned to explain everything coming soon. Patience guys. they can't speed up the results but they know it will be good

https://finance.yahoo.com/quote/SPMTF/community?p=SPMTF

[ltdpilot]

What's with the delay?