Searchlight Resources Inc (SCLTF)

[sweetpepperjam]

On a conservative basis the company estimates (based on past drilling and resource evaluations/calculations) their Copper Resource is over 1 billion lbs. With Copper trading at approximately $4.36 lb and a conservative resource of 1 Billion lbs = an Asset Value of $4.36 Billion dollars. They may have an opportunity to increase that resource 4+X's. Plus adding other significant credits like Molybdenum and Gold.

With the resource being at or near surface their mining costs should be very small…

Also, investors need to realize how low the share structure is. Insiders own approximately around 80% of the OS...