Chico! Thanks Buddy! This is from yesterday and the SP did fall back, but the market is listening!.
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Search Minerals Up Near 20% As Increases Deep Fox and Foxtrot Mineral Resource Estimates
BY MT Newswires
— 10:33 AM ET 04/11/2022
10:33 AM EDT, 04/11/2022 (MT Newswires) -- Search Minerals Inc. ( SHCMF)
on Monday increased the mineral resource estimates for its Deep Fox and Foxtrot critical rare earth element properties in southeast Labrador, pushing its shares almost 20% higher at last look.
The company said it updated the estimates based on results from the recently completed Phase 3 drill program at Deep Fox and new metallurgy recovery data and updated rare earth price forecasts for both properties.
The Deep Fox mineral resource has increased by about 25% from the 2019 estimate that was based on the Phase 1 and Phase 2 drill programs. The Foxtrot mineral resource has increased by about 60% from the 2016 estimate.
The revised estimates for Deep Fox include 5.05 million tonnes of open pit and underground indicated resource and 3.3 million tonnes of total inferred resource. The company revised Foxtrot estimates to about 10.04 million tonnes of total indicated resource and 3.0 million tonnes of total inferred resource.
"The updated Mineral Resource estimate provides the anticipation of an extended project mine life and increased production of rare earth elements for our upcoming Preliminary Economic Assessment report," said Greg Andrews, President and CEO of the company."
Price: 0.22, Change: +0.03, Percent Change: +19.44 Cdn $
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited."
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What is happening in Shanghi is pretty bad. People are jumping from their balconies.
I think that people are starting to move into commodity stocks. Russia is requiring payment for energy in Rubles or Gold. Not good for the US $.
(See SHCMF. Going up, but I do not see any news. AU/AG?)
Unless investors suddenly drop 1 Billion on NioCorp I think that Search will beat them to REE production!
