Replies to post #4299 on Searchlight Resources Inc (SCLTF)

[pmunch]

Drilling and sampling in Spring ...on Moonlight

JV will provide:

1. Fees, burn rate, audits, office staff, registrations
2. Work on N.Y. Canyon
3. Geological surveys will be coming in per agreement

Moonlight is located around Crescent Mills, Plumas County, California. Canyon Copper has agreed to acquire the former Placer Dome Project, a bulk tonnage porphyry Copper, Gold, Silver Property

The company now has a pattern to follow if they so choose , they took ESO when it was smoldering/floundering and less than 5 cents and reorganized, then released whopper news on drill findings and catapulted it ... now the damn thing is above 2 bucks per share

[crossbow]

CNYC should be 40 cents right now. It's needs promotion by the company. They need to get Alpha Minerals, our sister company, involved.

They could work out a deal with Alpha offering CNYC a small bit of cash and warrants for CNYC shareholders to buy Alpha about 50 cents above its current price. One CNYC share for one Alpha warrant. I don't know what Alpha is selling for now, but a one year warrant to buy Alpha at $2.55, if Alpha is currently $2.05, would probably sell in the open market for 25 cents. Alpha is not risking anything, except dilution. After two years, the warrant price would go to $3.50 for another two years. They would get all of the remaining assets of CNYC for the small cash price and the warrants. Enough cash to keep CNYC going for about two years. Alpha could then later spin CNYC off, if they wanted to. Or, they could just sell the remaining assets of CNYC. Then buy back all the warrants for about $1.00. Or a reasonable price agreed to by both parties in advance. Just an idea to help CNYC move.

Remember both companies have the same Management, including the same CEO.

[Dspetry]

had a quick email exchange with Bob...

Quick update:
1) we are awaiting the exchange final approval for the Moonlight agreement then Sandfield should be starting work immediately following.
2) we are working on a couple of other opportunities corporately that have presented themselves lately (in the way of other potential acquisitions, JV's, etc)
3) some preliminary ground work has been conducted on the Nevada property that has shown some interesting showings of Gold and Copper that we will be following up on.