LARGEST NORTH AMERICAN NIOBIUM DEPOSIT
I have been going over the PR's and have come to an astonishing conclusion. There should be no big surprises in the NI43-101 as all the data that will be used in the calculations have all been given to us over the last few months. The company was very prudent in not laying it out too clearly as the gigantic scope of the 2 world class deposits are almost unbelievable.
Information given:
1.) Zone D:
deposit averaging .43% niobium over a area of 76,259 sq mts X 200 mts deep = 15,250,000 cu mts. X 2.8 tonnes/cu mtr. = 42,700,000 tonnes of resource X .43% Ni/tonne = 183,610 tonnes of Niobium X 2204.6 lbs/tonne = 404,786,606 lbs. of Niobium
2.) SE Zones:
Estimated 170,000,000 tonnes of .35% Niobium = 595,000 tonnes Ni X 2204.6 lbs/tonne = 1,311,737,000 lbs. Niobium
I don't expect to see any of the 1.3 BILLION - that's BILLION , folks - in the NI43-101 that is soon to come out, but I have rethought the Zone D info and have concluded that we just may see an indicated resource that is close to the 404 million lb. figure.
In summary:
Zone D - 404,786,606 lbs. Ni
SE Area -1,311,737,000 lbs. Ni
TOTAL anticipated resource: 1,716,523,606 lbs. Niobium
For all of you gold bugs, let me put this 1.7 billion lb figure into a more relatable amount. Let's use gold at $925/oz, Niobium at $20/lb and i'll convert the Niobium into a gold equivalent.
$20 X 1,716,523,606 = $34,330,472,120 Div by $925/oz. = 37,114,024 ounces of gold.
Conclusion: SRSR's 1.7 billion lbs. of niobium is equivalent to a gold deposit of 37.1 million ounces
I think that it is fairly evident that we have a world class deposit at lake Nemegosenda. The D Zone will be highlited in the soon to be released NI43-101 and could be in the vincinity of 400 million lbs. of niobium. That would give D Zone a present market value of approximately 8 BILLION DOLLARS.
Now, the title to this post now needs to be justified. Let's compare the only other significant Niobium miners in North America:
Commerce Resources: Not in production yet.
Resource of 43,958,530 lbs. Niobium
Taseko: Canadian (B.C.) Miner - not in production yet.
Resource of 496,035,000 lbs. Niobium
Iamgold: Niobec mine in Quebec and is the only and largest producer of niobium in North America. It is one of 3 of the world's largest Niobium producers in the world.
Resource of 303,793,880 lbs. Niobium
Sarissa Resources - 1.7 BILLION lbs Niobium
Taseko .5 Billion lbs Niobium
Iamgold .3 Billion lbs Niobium
Commerce Resources .043 Billion lbs.
D Zone alone will place SRSR as #2 deposit in North America. Think that there aren't a lot of eyes from the industry on this play and the upcoming NI report?! I can guarantee that this play is no secret in the industry and the potential here as a future niobium resource is monumental. Don't even need to talk price here as the PPS will work out to a fair market value as time and advances are made on this world class property. If your oin the fence, now is a good time to buy. The price is only headed north - way north!...All the best...Jim
AI
