Search Minerals Inc. (SHCMF)

[bombero77]

I think some people here are missing the point on Search Minerals the fundamentals of the resource hasn't changed. Okay so they over estimated the price . The rare earth observer report came out in June 2022 almost 10 months ago. The CAGR for rare earth is still 9.1 % .If you look at what the Government of Canada just gave out 14 million for 6 companies .Search got the largest amount . Look at the other 5 companies none mine what Search mines.. 2 are lithium miners, Geomega recycling ( name speaks for itself ) , one mines nickle and not exactly what Sherritt Inlt does but don't think they are into rare earths .I value chico and and Middle Border opinions and read multiple boards but this stock price wasn't going to move much before 2025 when they hopefully go into production. They won't generate any revenue before then so this for me was always a 5 to 8 year hold till 2025 or 2026. Remember what Warren Buffet said the stock market is a tool that transfers wealth from the impatient to the patient. Patients my friends our day will come. When they released there first PEA in 2016 they had a 14 mine life ( 8 years open pit and 6 years underground ) at 1000 tons a day . The updated PEA went to 26 years and 2000 tons a day essentially quadruple the resource.A big note is they have 24 zones names in labrador they have only drilled 4.Not even 20 %.eresearch report came out later based on current price . They are very highly respected research company , Chris Thompson estimated that at todays price and 2000 tons a day that it is a 1.70 for the stock in 2025. That a minimum 18 bagger in a couple of years. Sorry for being long winded but just retired lots of time on my hand and I live in Newfoundland . The island portion not up in labrador.