Spearmint Resources (SPMTF)

[toastturtle]

I recommend you call the company. They still have roughly 3M in the bank and don't foresee needing to raise any funds in the foreseeable future. Even with the million dollar gold drill program which was flow-through funds and have to be spent in Canada (IE. the cash from Sprott Funds)they still will have a very healthy balance sheet. To that end, if you read the company MD&A or financial you will see they have only spent 784k in exploration costs to date on the Clayton Valley McGee project and this is for 15 holes and everything associated with the resources assessment. Work on lithium clay projects is relatively inexpensive compared to any other drilling so with that in mind they have more than enough cash for 2 years. Depending on Options and warrant redemption and moderate drill programs this go even longer without having to refinance. Try to remember the Sprott Funds cash was raised at 20 cents Canadian and came with a warrant at 30 cents Canadian. If those are redeemed they will need no money for quite a while.

Interestingly enough, all of that info above is public record if you bothered to look it up but sure. They are broke already... /s

Regardless of if you believe any of this, with 2 drill programs and results expected early next year this is an easy trade. I don't expect it to be a long term investment but it will go well over 6-12 weeks. IMO.