Searchlight Resources Inc (SCLTF)

[sweetpepperjam]

For anyone that has been here since Fall of 2010 this has been a disappointment. No matter how you try to sugar coat it. Went through a small R/S and have watched the price drift lower for 10 straight months. I don't believe the float is as low as claimed. NITE always has plenty of shares for sale. It's great that the insiders have continued to purchase shares, but it will take more than them to move the PPS upwards.

Waited 6 extra months for the TSX listing and for them to secure a round of financing. Now we have waited 5 extra months for the assay results. The assay results themselves won't create any buying but will represent the first completed step in their Phase I Exploration Program. This program was outlined on July 18th. You figure out how long it has taken to complete 1 step. It is common for things not to go as planned and take longer than expected. But this company has had delays every step of the way. Is that common?

The assay results have been ready for release since last week. (If not a long time before this) The company does not know how to generate any momentum. They should of released the assay results yesterday.

They are going to try for $4-$6,000,000 of financing in the near term. What price are they planning to do this at? We're not even at the $.35 from the last financing. Where is the money from their previous financing?

I have been told there was going to be a PR & promotional campaign since they got listed on the TSX last July. This has not happened. They have to have something to promote in the first place.

They were suppose to have 3-5 drills on site and have hired a geologist last February. Maybe this February it'll happen. They have had plenty of time to workout a plan of action.

The officer's here may have a lot of experience but aren't getting any younger. Kind of worries me that the ceo is almost 80 yrs old. What happens with the company if something happens to him?

These are some of my concerns as a shareholder of this company. I'm still here and as eager as ever for the company to make some progress. Bring it on!

CNYC = STILL WAITING:

1. Marketing campaign targeting brokerage houses in Canada.
2. 3-5 drill units on site.
3. Hiring of new geologist for site management.
4. Property reassessment of core samples for value.
Revise Longshot Ridge resource estimate incorporating re-assayed values of 2006 drill & systematic road cut samples.
5. Apply for permit to drill on & around Longshot Ridge & adjacent copper oxide targets.
5. Apply for permits to drill Copper Queen & Champion target areas.
5. Assess potentials of copper oxide systems similar to the Longshot Ridge at the nearby Power Line & Buffington mine workings.
5. Initiate further work on metallurgical testing & environmental base line studies for Longshot Ridge deposit.
5. Pre-feasibility study.
6. Feasibility study.
7. Production (not restricted by season changes).
8. US uplisting to AMEX.
9. Acquisition of neighboring properties w/ significant resources around existing site in near future. * COMPLETED *