Searchlight Resources Inc (SCLTF)

[sweetpepperjam]

Still looking forward to the day they initiate a drill program on either property. Not saying that will attract new investors, but it would be a relief to know they are working.

As far as the PPS rising, I see no reason at this time for it to happen.

What matters most to me from today's PR is that the proposed drill program will not take place in early summer like they said it would in a PR from March. In fact, it won't happen this summer at all. This is not a surprise. In an earlier post of mine I stated this would happen. The rest of today's PR is just filled with gibberish that will fall on deaf ears.

Now instead of giving a timeline they say the "Proposed Drill Program to start after further Metallurgical Work on Moonlight Property." Really??? -

Bob Meister told me they were going to start a drilling program by February 2011 and that management would be very dissapointed if their stock wasn't trading over $1.00 by the time the TSX listing was approved.

Fingers crossed that this sector as a whole will be better off next year at this time, and CNYC will have accomplished something.

I'll add more shares if this drops below .05