Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
So, if Hatch received $125,0000 from Sarissa. Where is the report?
For the naysayers that repeatedly say that there is no drilling taking place, it's for them to prove it. Therefore, take a weekend and drive up there. The coordinates of where you turn off the main road to the property are 47.958567N and 83.020885W. At that point, you still have to drive another 8.17 km over gravel roads through the bush to get to the SE Zone.
From the corner of Bronte Rd. and Lakeshore Rd., W. in Oakville, ON it's 841 km and about an 8 hr. and 31 min. drive to the turn off.
For those that are worried about radioactive waste, the site has 32.2 metric tonnes of Thorium 90 and 17.7 metric tonnes of Uranium 92. Thorium has a half life of 14.05 billion years and Uranium has a half life of 4.47 billion years. Therefore, both are pretty harmless. It's the ones with a short half life that are dangerous. Besides, Thorium is the nuclear fuel of the future. The LFTR reactors that use Thorium are totally safe and will propel us from a Type 0 to a Type 1 civilization.
Why is everyone so obsessed about Niobium when it's only 1/10th of the total mineral value of the SE Zone?
Since when are the drill cores being stored at the Canadian Pacific Railway Yard in Chapleau, ON? I looked them up and their main office is located at 50 Dufferin St., in Chapleau, ON. By the way, if you do a street view in Google Maps they are at the end of Elm St. and they have a vintage steam locomotive in very good condition displayed across the street along Elm St.
From a post several years back, if I remember correctly, they found the Gulf drill cores in a shack (core box) somewhere on the property. Secondly, also a few years back, I obtained a "KML" file that loaded into Google Earth that shows all the drill locations for the Hawke Zone and the SE Zone. In the "Places column" it lists all the drill holes that appear on the map including the Core Box. But, for some reason it doesn't show the shack where the core boxes where kept even though it's listed.
By chance I copied the "Corebox" heading and pasted it into MS Word. Instead of getting an address, it printed out the KML code for the "Corebox" entry. In the code it listed the longitude and latitude of where the core boxes were located. Long. 83.078335, Lat. 48.01216. This happens to be half way between the Hawke Zone and the SE Zone. If you do the same for each drill site, it will tell you the exact location of each site.
The KML file was generated using a program called Corebox. You can find it at https://corebox.net/. And, if I read the code right, it was generated in 2005.
I have copied the KML code for the "Corebox" and one drill site below.
<?xml version="1.0" encoding="UTF-8"?>
<kml xmlns="http://www.opengis.net/kml/2.2" xmlns:gx="http://www.google.com/kml/ext/2.2" xmlns:kml="http://www.opengis.net/kml/2.2" xmlns:atom="http://www.w3.org/2005/Atom">
<Folder>
<name>Corebox</name>
<open>1</open>
<NetworkLink>
<name>Nemegosenda Property (Sarissa Resources)</name>
<open>1</open>
<LookAt>
<longitude>-83.078335</longitude>
<latitude>48.01216</latitude>
<altitude>0</altitude>
<heading>0</heading>
<tilt>35</tilt>
<range>7327.5128699965</range>
</LookAt>
<flyToView>1</flyToView>
<Url>
<href>http://www.corebox.net/sites/default/files/corebox/google_earth/nemegosenda_299.kmz</href>
</Url>
</NetworkLink>
</Folder>
</kml>
<?xml version="1.0" encoding="UTF-8"?>
<kml xmlns="http://www.opengis.net/kml/2.2" xmlns:gx="http://www.google.com/kml/ext/2.2" xmlns:kml="http://www.opengis.net/kml/2.2" xmlns:atom="http://www.w3.org/2005/Atom">
<Placemark>
<name>DDH-208-56-33</name>
<Style>
<IconStyle>
<color>ff008fff</color>
<scale>0.3</scale>
<Icon>
<href>https://corebox.net/assets/images/dot.png</href>
</Icon>
</IconStyle>
<LabelStyle>
<color>ffff0000</color>
<scale>0</scale>
</LabelStyle>
<BalloonStyle>
<text><![CDATA[<style type="text/css">
tr.hole-info td {
padding-bottom: 15px;
}
.table-head th {
border-bottom: 1px solid black;
padding-bottom: 5px;
}
tr.intercept.odd {
background: #F5F5F5;
}
tr.intercept.even {
background: #E6E6E6;
}
.intercept td {
text-align: center;
}
tr.powered td {
padding-top: 15px;
text-align: right;
}
</style>
<br>
<table width="325" cellpadding="0" cellspacing="0">
<tbody>
<tr class="hole-info">
<td colspan="4">
<strong>DDH-208-56-33</strong> (SE Zone)<br>
Depth:153.31<br>
<!-- --><!-- --><!-- --> </td>
</tr>
<tr class="table-head">
<th>From<br>(m)</th>
<th>To<br>(m)</th>
<th>Interval<br>(m)</th>
<th>Nb2O5<br>
(%)
</th>
</tr>
<tr class="spacer"><td colspan="4"> </td></tr>
<tr class="intercept odd first">
<td>7.62</td>
<td>130.15</td>
<td>122.53</td>
<td>0.41</td>
</tr>
<tr class="powered">
<td align=right colspan=4>
Powered by Corebox.net </td>
</tr>
</tbody>
</table>]]></text>
<textColor>ff000000</textColor>
<displayMode>default</displayMode>
</BalloonStyle>
<LineStyle>
<color>ff132efd</color>
<scale>0.3</scale>
</LineStyle>
</Style>
<MultiGeometry>
<Point>
<coordinates>-83.06992,48.005417,0</coordinates>
</Point>
</MultiGeometry>
</Placemark>
</kml>
Webpence those 2 videos you posted of Jack Lifton's 2017 PDAC presentation were really awesome. If that extraction method is used to extract the Niobium it can also be used to extract the other metals present.
Therefore, based on the Excel spreadsheet I made up 5 years ago, based on Dec 31/12 metal prices, the Hawke Zone contained about $12.8 billion worth of Niobium. If you were to add the other metals present the amount would increase to $101.4 billion. That's about 7.9x the value.
Secondly, this process would dispel any environmental concerns.
Hey Sometimes_Right, no problem and no apologizes needed. From time to time, we all get stressed out and tired.
I don't blame you for having gotten out of SRSR. I also have lost a small fortune with this stock. There should be stiff penalties for crooks like Keevil and fiends.
BTW, nice sports car.
Take care!!!!
Sorry S_R, but you have the wrong street address and house.
Instead of doing a street view of the address, I suggest that you do an aerial view of the address. Just copy and paste the address into the search engine of Google Maps or Google Earth. 35 Chemin des Huards, Saint-Sauveur, QC
You will find that the house and the other houses in the area are not some deprecated shacks or trailer park homes in the woods, as you insinuate. Instead, they are multi million dollar homes, if I do a comparison with the homes in my area. Secondly, the town of Saint-Sauveur is a well know winter ski and summer tourist resort just north of Montreal.
I think OntaREEo was part of the scam. He was just too buddy buddy with Merle and then simply disappeared then things started to go south.
JMO
Sorry, you folks have it wrong. The BC securities agency used Merle's residence in BC as the excuse to to invoke the Cease Trade Order (CTO). The real reason was that SRSR didn't have the required audited financials.
Therefore, with the IR now in Ontario the Ontario securities agency can now invoke a CTO on SRSR. The only way to eliminate the CTO is to have SRSR's financial statement audited.
Due to the CTO in BC all the major banks in Canada except for TD enforced the CTO.
I work in Mississauga, ON right across the street from Teckcominco and down the street from Hatch. It's only about 25 km to their office, so it's easily done in an hour return on the QEW.
Their office is located at 2368 Lakeshore Rd., West. in Oakville, ON. If you look at Google Maps Street View its the building on the south side with the white columns and 2 Canadian Flags. They are on the top floor. The building sign out front refers to it as Harbour Place.
You're right, they were situated on the south east corner of Lakeshore and Bronte in the UPS store. By the way, the UPS store no longer exists.
I drove by there last summer during lunch time because I was curious as to what was going on.
This just more of the same BS that Scott and Ben perpetrated on the creditors of Joshua Gold Resources Inc. Once the band members find out that Chief Kevin Tangie sold them out for $625 worth of shares they'll have his and Scott's scalp for sale at the local fur trading post.
If you ever read the financial statement for Joshua you will find that they paid all their creditors off with shares in the company.
The only way you'll get the native population to cooperate is to provide them with good paying jobs and treat them with respect.
Thanks dmbao, I will defer to you to arrange the details of the meeting. You have my e-mail.
In regard to the time for the free PM on iHub I'll be on the road driving back to Mississauga from Ottawa.
Franz
Hi dmbao
I received an e-mail from Denis and Scott regarding the date for the meeting.
E-mail me at Franz.Bauer@sympatico.ca and I'll forward their e-mail to you. I'll have access to e-mail until noon today and then later this evening when I get back home.
Franz
Thanks dmbao. Unfortunately, I don't have PM privileges on iHub.
i'm presently out of town in meetings at NRCC in Ottawa for the rest of the week.
Denis Frawley at the law firm has my e-mail and cell #.
Franz
Hi Folks. as you may recall about 2 weeks ago I asked Dmbao to supply me with the contact information for the law firm representing Sarissa Resources Inc. here in Toronto, ON. Since then I have contacted Sarissa's lawyer Denis Frawley of the law firm Ormston List Frawley initially by e-mail and this morning by telephone failing to obtain a response to my initial e-mail.
Denis Frawley was very amicable and explained that any replies to inquires that he receives regarding Sarissa can be denied by Scott Keevil. That explains why I never received a reply to my initial e-mail. Having said that, Denis went on to explain that Shareholders have 2 options:
1. A hostile takeover by the Shareholders:
To accomplish this the Shareholders would need to hire the services of a law firm in Nevada since Sarissa is incorporated in the state of Nevada and the matter would need to be executed under the laws (statutes) of Nevada. This would entail the issuing of a proxy to all the Shareholders explaining exactly what is being requested. This would be the same as the proxy vote that was sent out to the Shareholders for the Shareholders meeting held in Toronto a few years ago. According to Denis, the cost for that exercise was approximately $15,000.
2. An activist shareholders meeting with Scott Keevil:
Denis has offered to arrange a Shareholders meeting with Scott Keevil at Ormston List Frawley next week here in Toronto. If Scott Keevil agrees to the meeting, he will act as the mediator between the parties. The meeting will be limited to 15 shareholders.
If we opt for option # 2, we will need to act very fast to compile a list of questions and demands that we want Scott Keevil to answer and implement. Secondly, we need to get proxies from all the big Shareholders that can't attend the meeting. We will need enough sufficient backing from Shareholders so that Scott Keevil can't shrug off any of the demands we make. Thirdly, if at all possible show up for the meeting.
Since this is a public forum, I recommend that we continue the discussions off line using our personal e-mails. I don't know this boards policies about giving out one's personal e-mail address on the iHub board. Let me know.
Now's our chance to make a difference!!! Let's not waste it!!!
Thanks dmbao!
There are a lot of questions that need to be answered and so far as I'm concerned Scott hasn't answered any. Putting our faith in Scott's integrity as a CEO that looks after the shareholder's interests is way past its "Best Before Date".
I rechecked the photograph I took of the directory board and the company name listed on the directory board was "Fire Lake & Joshua Resources".
What is the name of the geologist that worked for Sarissa that died?
Also can anyone tell me the name and address of the law firm that held the shareholders meeting in Toronto?
I drove by 2368 Lakeshore Rd. W. in Oakville, ON during lunch hour on July 4th. I stopped and went inside. The office of Joshua Tree was listed on the directory board.
I also stopped at the intersection of Bronte Rd and Lakeshore Rd. The UPS office where Scott had his mail box is no longer there.
Ben Ward is nothing more than a con artist and long time buddy of Scott.
His new address on Lakeshore Road is a block and a half east of Scott's mail box drop and residence.
Here's Scotty's phone # from his Nio-Star business card that he gave me while attending the shareholder's meeting.
905-483-9920
Well that's what happens when our fearless leaders, like Captain Canuck (Stevie Harper), keep signing free trade deals with countries that can undercut our economy or only play by the rules if it suites them.
Until this changes, the Chinese have us by the "Short and Curlies" and they know it. So in the end, we can't blame Scott too much about the current situation with Sarissa (Nio-Star) since he doesn't have any say in our country's foreign policy.
Last Monday, I flew to Winnipeg over Sault Ste. Marie and it didn't look any better than Burlington St. in Hamilton from 9,000 metres up.
Teck Resources tops hoarding list with $4.3 billion cash
Seems Teck has enough money to develop Nio-Star and buy out controlling interest in Dofasco and US Steel in Hamilton, ON. In this way, Teck will have the Niobium and REEs from Nio-Star and the steel plants to produce the final product.
Okay Scott, time to say Uncle! "Doing it my Way" is not always the smartest way.
The going market rate for Niobium Oxide the last time I looked (2012-12-31) was $64/kg. According to Scott it's feasible to mine at $5/lb ($11/kg). Then if you take into consideration all the other valuable elements that are present it's a no brainer.
There is a limited supply of Uranium, once the supply from decommissioned nuclear bombs runs out the price of Uranium will dramatically increase.
Thorium has a half-life of 14.05 billion years, so you can sit in a bathtub full of the stuff without getting toasted. This stuff will eventually replace Uranium as a fuel for nuclear reactors. Look up Liquid Fluoride Thorium Reactors. These reactors are very safe and will produce power cheaper than coal.
I wonder if they took minutes at the meeting.
When did you find out about Hatch Engineering? They were supposed to have done the engineering for the mine and extraction plant. If I remember correctly the previous JV was supposed to have paid for that. Whatever happened to the final report?
With Hatch Engineering and Process Research ORTECH Inc.(pilot plant) on the same street Scott could have had "One Stop Shopping" for your mining needs all in one convenient location.
A while ago, one or more of our board's sleuths tried to find out some more information regarding some jobs being advertised for the Nemegosenda Niobium property in Chapleau. If I remember correctly, this created a small flurry of posts at the time.
I've come across several article regarding the recruitment of Chinese nationals to work in a BC coal mine that may be directly or indirectly applicable to our Nemegosenda Niobium property JV. This has created quite a stir here in the Great White North. Who knows, some big Chinese government official might be miffed that he might not be able to cash in on exit visas.
Hopefully the links below will shed some light on the matter.
Chinese coal firms in Canada favour foreign labour – report
Canadian Unions Decry Importing Chinese Labor for Mines
"Skills Shortage" Is Code For "Cheap Labour Shortage"
Recruiters Charging BC-Bound Chinese Temp Miners $12,500
Federal Court Case
B.C. unions win court hearing challenging temporary foreign worker permits for Chinese miners
Canadian Dehua International Mines Group Inc. . You'll be surprised to see who is listed as a Cooperative Enterprise.
Et voila.
Process Research ORTECH Inc.
I work for the other half of ORTECH Corporation (Formerly Ontario Research Foundation) which is now Exova Canada Inc.
The Petronas and CNOOC deals were approved by the Canadian government on December 7, 2012. You may want to read the following article Harper government approves CNOOC and Petronas deals
My question is,did Joshua Tree ever pay that money to Sarissa Resources? Secondly,was the $200,000 worth of work on the property ever started or completed? If so, what were the results?
These are 3 questions to which I never heard anything since that agreement was made back in Feb. 2012.
Nobium is what Nobs have between their ears.
The following PDF may be of interest. Page 12 shows a flow chart of how Niobium can be mined and processed. In this case the niobium is a by product to their main product. Flow Chart
It may be of interest that the Canadian Gov't last week approved the Nexen deal where CNOOC gets majority ownership. This may have been a point of concern with the SOE regarding the 51% ownership of Nio-Star.
In response to your answer to Nennwert
Quote:
Canada and the US are democracies which means people and companies have certain freedoms which include being able to JV with a Chinese company.
This is true to a certain extent, but the Canadian Government does exercise its right to nix deals that it finds not to be of net benefit to Canada.
For example:
Last Monday, the trade journal Canadian Business reported that Canada has issued a "thumbs-down" verdict on a deal that calls for Malaysian state-run energy giant Petronas to pay $6 billion for Progress Energy Resources Corp. (PINK: PRQNF), a natural-gas producer that's based in Calgary.
Canadian Industry Minister Christian Paradis said Ottawa nixed the deal because the administration of Prime Minister Stephen Harper was "not satisfied that the proposed settlement is likely to be of net benefit to Canada," Canadian Business said.
So if you take Nio-Star that has a potential street value of approximately $100 billion in Niobium and REEs, the Chinese SOE gets 51% controlling interest for $32 million of which $20 million goes towards the bankable feasibility study and $12 million into Nio-Star's bank account for odds and ends. In other words, SRSR share holders only get 49% of the $12 million ($5,880,000) less the cost of the odds and ends. With a little creative accounting this could amount to $0.
Once the bankable feasibility study is successfully completed the SOE invests or borrows the additional millions required to build a mine and supporting infrastructure with Chinese engineers and everything needed imported from China. With the mine operational, Nio-Star hires several hundred locals at minimum wage to do the grunt work supervised by Chinese engineers.
With the mine successfully in operation, the unprocessed ore is then loaded onto freight cars and shipped to China for further processing by the SOE's processing plant into Niobium and REEs for the Chinese steel industry and other manufacturing industries. In return, the SOE's processing plant pays Nio-Star for the cost of mining the ore.
Ok I admit this is the worst possible scenario, but if this is the case then SRSR shareholders get 20% or 49% of $0. To be honest, I wouldn't put it past the Chinese to try and pull this stunt off.
The only way I can see this being of benefit to SRSR shareholders and Canada is that the processing of the ore is done on site into Niobium and other REE products and sold at street value back to the SOE's steel plant and other manufacturers.
This has to be part of the final deal worked out by Scot and the SOE. Otherwise, the SRSR shares won't be worth the paper they are print on.
If the Canadian government finds out that ~$100 billion of its strategic resources are being sold out to the Chinese for a mere $5.88 million, if that, and a few hundred low paying job, well I'll leave that to your imagination.
Or a lump of coal from schwarzen Pieter.
Thanks DSU, that makes Scott one shrewd puppy.
Several months ago, I went over Joshua Tree's financial statement. What I noticed was that a lot of the services they were provided and claims on mine sites were bartered with company shares and not with hard currency. Therefore, I'm wondering how they will plan to pay for the $50,000 CND in cash and $200,000 CND in exploration costs for the 38-unit claim that Shining Tree Resources added in December and that we gave up to Joshua Tree for 50% interest in, along with 1,000,000 future shares of Shining Tree Resources? This whole deal has me puzzled.
In regard to Canadian Government approval you can Google the BHP Billiton Limited and Potash Corp deal dated December 2010 and the present CNOOC and Nexin deal.
If the Chinese get 51% controlling interest in Nio-Star then Scott will have to rethink his position of turning Sarissa into a shell company. Instead it will most likely become a parent company.
I can't see Ottawa allowing a foreign government or corporation getting 51% controlling interest in a major Canadian resource. But then again, with the current hacks in power anything is possible.
Secondly, didn't the Chinese government state a while ago that they didn't want 51% control of foreign resources/corporations.
I guess we will see how things play out!!!
I doubt that pinksheets.com is an accredited organization that has the authority to write standards governing pinkies let along enforce them. Therefore, they can only offer guidance that can be ignored.