Rig...."I gave you your first people mark, just based on the comedy relief you provide for the board.Your post is a perfect example of why we should not take everyone seriously here"

Based upon this post of yours, I'm taking this "Bob Hope" off my ignore. I need some good laughs as we wait for better days !

tony....Hope so! Can't be too soon!

TR...Looking forward to the next PR and seeing the plans for the initial drilling. Also getting off this #@&^$ Pink Sheet miscarriage!.....Jim

texas ripper...."scott mentioned to marketphile that he knew of 450 million shares in strong hands"

From the year end financials in the notes section:

http://www.sarissaresources.com/media/december2007.pdf

Looks like the company has used 633 million shares for mining claims and services rendered. My guess is that at least 450 million of that has gone to SRSR mgt (like Scott's 30 Mil) and people that are close to the company.

I am not concerned about a hostile takeover as the "poison pill" that would have prevented that was the 50 million shares of preferred stock that the company eliminated along with 100 million of the common in Scott's first display of stock holder friendly moves.

I am looking forward to seeing who is holding the brunt of our stock. Scott's not worried so it must be in good hands or why would he have done away with the 50 million preferred? Good move from my perspective!....Jim

Keith...."anyone have any links/websites....to confirm
any insider buying on SRSR..."

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=srsr

This is the only place that it could be and looks like the company isn't reporting any insider transactions as they have no reason to until they uplist.

I am surprised that the Pinks have them listed as "limited information" and the company has provided them with all the quarterly filings from March of 2006 and the past 2 years of annual financials. Go figure!

I am really looking forward to the uplisting of this stock as it will give the trasnsparency that is needed.

O/T Is Gail in for surgery tomorrow? Prayers for her....Jim

http://www.greenlivingonline.com/Energy/endangered-rare-elements/


Rare earth elements on the endangered list

(Jan 24, 2008) Small but mighty, rare earth elements are key ingredients of green technology. They may soon be in short supply.

Unless you paid really close attention in your high school chemistry class, you won’t have a clue what tantalum, antimony, or indium are. Yet, you know what they do because you and everyone around you use them each day.

Finite supply
Tantalum is used in cell phones, while antimony is a common flame retardant, and indium is part of LCD TVs. These elements along with better-known ones such as copper, zinc, silver, and platinum, are relatively rare in our world, and our high tech gadgets are using them up at alarming rates. For instance, in January 2003 indium was selling for around $60 per kilogram, whereas August 2006 it was valued at over $1000 per kilogram.

Rare but needed for green
These "rare earth elements," as they are called, are also used in many new green technologies. Indium combined with gallium is a key component of futuristic new solar panels. Hybrid vehicle batteries and compact fluorescent lightbulbs could not function without rare earth elements. And, as some environmentalists have suggested, nuclear energy will need to provide more of our power in an effort to reduce emissions and climate change. However, uranium is not found in great abundance all over the world.

More troubling, some geologists have estimated that as our technologies and populations grow, we could run out of some of these rare earth elements in years or at most decades. Indium might run out in 5-10 years, platinum in 15 years, and even silver resources could be gone in 15-20 years.

Green may become unavailable
What happens when these rare earth elements become even more rare? How will technology and our desire to green our society continue if the building materials are unavailable?
Successful garage sales Green your move Stop e-waste by recycling
Toyota latest hybrids Light up your patio with the sun


The answer to this problem is not easy. Because these are chemical elements, we can’t produce a man-made replacement. However, we can change our usage of the materials. For instance, many water pipes in homes and businesses are still made out of copper when they could be plastic pipes. As copper stocks become depleted, it might make sense to stop using copper piping and replace all the existing copper piping with the plastic alternative.

Recycling needed
This leads into another option, which is to recycle. Already large amounts of lead and aluminum are being recycled with great success. However, other key elements such as phosphorus (a fertilizer), platinum, and indium are not being recycled at all. A researcher in the UK has even suggested harvesting the small amounts of platinum blown out your tailpipe (platinum is a key ingredient in the emissions reducing catalytic converter) by sorting through the dust and dirt picked up by street sweepers.

Unexplored areas
Our final option is to search for unknown sources of these elements, or sources that before were considering impractical. For instance, many old mines have large waste piles with trace amounts of rare earth elements. As the major deposits dwindle, we may start to pick through our mining trash. Or, if the private space industry takes off, we could start mining the stars as science fiction has suggested for years. Many asteroids and even our moon contain high quantities of elements rare on Earth.

Graeme Stemp-Morlock writes freelance science news in Waterloo, Ontario, Canada and is a frequent contributor to Green Living Online and Green Living Magazine. He paid attention in chemistry class.

OilCanJim....Heh, don't worry about the share price. It is only a temporary aberation. Just a bit of consolidation. Remember that this stock has come from the depths of subpenny land but a few (7) short months ago and needs these periods to adjust . We got a great investment here!...Jim

OilCanJim...."Man this board is quiet today...I guess everyones still hungover from the long weekend. Jim"



You don't know the half of it! Was like R&R in Subic Bay. It'll take me till Friday to get back to normal. I am getting too old for this!....Jim

goodlifeGeo.... "Maybe we seriously have to consider a Road Trip up there to see these fish for ourselves??? Some of those fish photos are awesome...I can provide the RV..."

Great post on SRSR and right on the money. We have potential that has not been even fathomed as yet!

Love those pics of the Nemegosenda lake trout. I could see a fishing trip up there, but doubtful whether you can get an RV up there - probably a fly in trip.....Jim

silicon valley au....That animal is on ignore. I have a hard time with defiant ignorance....Jim

goforthebet....Ya, I am one of the primary bashers on this board! Here, allow me to give you a sample...."SRSR is a bad company...It really sucks, man...Sell all your shares now or lose everything....Scott Keevil bites the big one....If niobium was dynamite, Cam couldn't even blow his nose with what little they got...."

So go back and tell moojer that at least he got my number right....ROTFLMAO....Jim

moojer...."Quote "The extraction of an economic resource will only be done after a bankable feasibility study is completed."
According to your post, SRSR is not yet considering the costs involved in extraction of the resources? IMO, that is not responsible?"

You, sir/madam/miss, are an idiot and have successfully crossed the line of civil reasonability. You have earned an ignore and I bid you farewell!

moojer....."Too my knowledge, SRSR issued a press release stating they have engaged auditors for a financial audit.?
Now you are talking about a "bankable feasibility study". Has SRSR issued a press release about this bankable study that I am not aware of?"

NO...re-read my last post and digest it.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29556763

"The feasibility study will not get started until the company has proven up reserves on the property. This is the stage that we are in now. The cost of the initial drilling program as recommended in the Hawk Report can be found in that document. I would suggest that you read it again. If you still are having trouble, PM me and I'll give you the page #."

moojer...."I just researched, and I could not find any reports issued by SRSR regarding the extraction of these metals. Does anyone have the cost to benefit ratio of mining these metals?"

There are no reports that have been issued by SRSR on the costs of extraction of the metals, minerals, and elements that may be contained in the Lake Nemegosenda property.

The extraction of an economic resource will only be done after a bankable feasibility study is completed. As an accountant, I assume that you are well versed with this document as it will spell out in very succinct detail the costs involved in mining the property.

The feasibility study will not get started until the company has proven up reserves on the property. This is the stage that we are in now. The cost of the initial drilling program as recommended in the Hawk Report can be found in that document. I would suggest that you read it again. If you still are having trouble, PM me and I'll give you the page #.

SRSR is a long way from being concerned about extraction costs. We first need to know what we have in the ground, get an experienced joint venture partner, and get the stock on an exchange that will accomodate our Canadian friends and institutions who are champing at the bit to get a piece of our action. You, sir, are fixated on the wrong items. I hope that I have been of some assistance to you....Jim

PS Enjoy the weekend all. I am up in New Hampshire fishing for the elusive Nemegosenda lake trout and so far am blanked.

silicon...."Jim, don't feed the animals!"

LOL - Right! Investing should never be an emotional centered process. Thanks...Jim

From the year end financial statement:

NOTE 7 – RELATED PARTY TRANSACTIONS
The amounts due for Notes Payable and Advances from Shareholders are payable to either shareholders or privately owned companies that are controlled by shareholders,
who may also be officers and/or directors of the Company. The amounts payable are non-interest bearing and without fixed terms of repayment.

marketphile.....Folks this post is worth re-reading and saving in your favorites file! Thanks MP!

"In all seriousness, we should keep in mind that money will never be a problem here. "Hey, Dad, can I borrow half a million to do some drilling?" "Sure, Scott, let me get my wallet..." Not quite that simple, of course, but it really is. :)

How many of you have called in and asked questions about expenses? That was one of my first questions. How are you funding the day-to-day operation of the company? Was one of the answers ever along the lines of "loans" from "people close to the company"? No names, of course, but it doesn't take much imagination to fill in some potential blanks. BTW, has anyone asked them if Scott's father is invested in the company? If not, I'll ask the next time I call."

chopperpilot...."Too bad good news doesn't trump MM's manipulation. The downward cycle won't last. But it hits hard on the psyche and kills momentum."

Unless you have a good reason to be viewing the stock, my best advice for piece of mind is what Ron Popeil does - "set it and forget it". I intently watch the fundamentals as a key to whether I want to be in or out. The hour to hour movement of the price is of little value to me in the pinkie world as the MM's control the play. They just want to make a buck and they do that with movement - up and down.

I am not negating the importance of TA as I believe that it is great for entering and exiting a position, is a true chart of the fundamentals in play, but is not a predictor of future events in these pinkie stocks as fundamentals can and do trump a perfectly good looking chart.

Buck up and take these hits as it is part of the game. Unless you have sold today, you haven't lost a dime. I'll bet that we are not far from a good green day!...Cheers...Jim

PS When you are tempted to look at the price, go read the Hawk report instead. Every time I re-read it, I find something new and get all excited again. It's almost better than sex!

marketphile.....great thought on Sprott. They have taken a healthy poisition in Golden Phoenix a Moly play that is on the OTCBB. Maybe they are waiting on uplisting....Jim

OilCan Jimmy..."Jim I dont think he would appreciate the bald comment but I hope you are right"

No, Norman and I are old fishing buddies. Caught a lot of lake trout out of Nemegosenda with old Normie -LOL.

I am sure that he is adding a lot of stock to his personal portfolio. Who knows, he may be our next board member....Jim

cmzio...."Doesn't anyone know a billionaire? Would love to see someone buying a 30% stake in this company :D it would only take 20 million or something so that should be pocket change for them ;)"

Ya, I know of one and his first name is Norman. He's bald and works for a big mining company. He just may be purchasing shares like crazy....Only my opinion....Jim

cmzio... "think we qualify now that we have the geological report"

It certainly appears as though we may!

dmbao...."It could possibly spike that high it just seems high to me Commerce is now under 5%, 5% is a fine number for me 10% would be a WOW"

The % of resource that an exploration company trades at is not a constant percentage. Many variables go in to the mix. Just as we have seen Commerce Resources vary from over 10% during a price spike to a more stagnant 4.3% as we speak. The CCE investors are not a happy crew concerning their price at the moment as they rightfully feel that their stock is way undervalued. Golden Phoenix, a junior Mb producer is very unsatisfied with its price. Just as Caledonia mining, a soon to be Cobalt miner, is also weeping and wailing about its undervalued price.

So too are all of us SRSR holders scratching our collective heads trying to figure out why we didn't hit orbit with the Hawk. Probably the only explanantion that has not been touched on is the present condition of the junior mining sector in general.

While the major PM and other commodity mining companies have enjoyed the fruits of higher commodity prices reflected in higher share prices, the secondary tier - the juniors have been stagnant to down. Many of my favorite junior exploration and producers just have not participated yet in this great bull market. Mining Analysts are looking for the next great wave of higher commodity prices to include the participation of the junior mining sector.

The junior sector's day is coming and when it does, I suspect that SRSR will be one of the many undervalued companies participating in a very substantial rally. This can occur at any time and best to be positioned for this eventuality in all juniors with good reserves. That places SRSR in the top tier of juniors. Got my stash and am ready for the rumble...Jim

TR....No idea about any other samples. The only mention in the Hawk was the D zone, Zone G, and another area. So we know there are the three elements - Cerium, Lanthanum, and Neodymium in at least 3 locations on the property and have no real idea of the quantity. My calculation was a very wide-angled guesstimate at defining a resource given very limited information.

Drilling will tell us a heck of a lot more and that is what the company is preparing to do. I hope they do work on both Zone D and the SE Target this year, but most probably will be one or the other. I am beginning to think of the property as a candy store just waiting to be ravaged!

marketphile....LOL - How true!

The drilling that was done in the 1950's by Gulf Minerals inorder to get the 20 million ton estimate of .47% of niobium resource was accomplished with 35 drillings on the 600' X 800' Zone D parcel. I was intrigiuged to read this exerpt from the Hawk Report concerning 3 REE's that had been upgraded to .5%:

"Of particular note, four core samples from Zone D, the Breccia Complex and Zone G were elevated (up to 0.5%) in rare earth's lanthanum (La), neodymium (Nd), and cerium (Ce)."

As a training note, the .5% indicates the amount of a particular element in the total deposit of earth. For instance, in 1 ton (US) of deposit, a .5% element would equate to 2000 lbs. X .005 = 10 lbs for every ton of earth.

The 3 elements identified in the Hawk report were located in 4 core samples from Zone D. Does this mean that they were found to average .5% throughout 4 core drillings of the 35 drilled holes in Zone D or 4 core samples from a smaller sampling?

I am going to make the assumption that the .5% Neodymium came from 4 of the 35 drillings on zone D and hence from 4/35's of the deposit tonnage - 4/35 X 20,000,000 tons = 2,285,714 tons of .5% Neodymium.

Neodymium resource in Zone D:

1) 2,285,714 tons of .5% Nd = 22,857,143 lbs. Nd

2) 22,857,143 X $50 = $1,142,857,150 lbs. of Nd resource in zone D.

Just guessing here, but this REE business can be a potential resource booster....Jim

Neodymium - one of the REE's that has been identified in 4 drill cores at .5%. Some information and pricing as a reference for a later post.

http://www.magnetweb.com/Col01.htm

"HIGH COERCIVITY: A Column by Dr. Peter Campbell
as published in MAGNETICS BUSINESS & TECHNOLOGY, Spring 2007

--------------------------------------------------------------------------------

Rising Rare Earth Prices

--------------------------------------------------------------------------------

High energy density and improved pricing have allowed rare earth magnets to grow market share over the years, mostly at the expense of ceramic ferrite magnets. But at all of the magnetics meetings and conferences throughout the world recently, the dominant topic of discussion has been the skyrocketing price of rare earth raw materials. Mostly the concern is about the price of neodymium, the most commonly used rare earth material in both sintered and bonded neodymium-iron-boron (“Neo”) rare earth permanent magnets. The market had become accustomed to low pricing under $8/kg for neodymium metal, but this started climbing in late 2005 and had doubled by mid-2006. By the end of last year, the price of neodymium metal appeared to have stabilized in the range of $25 to $30/kg. The fact is that the global permanent magnet market is still dominated by ceramic ferrite, because it is by far the most economical material. The tonnage sold of sintered Neo is only about 6% that of ceramic ferrite, while bonded Neo sells only about 1% of ferrite. So what is the real opportunity for these rare earth magnets to gain significant further market share from ferrite now that their raw materials pricing has risen so high?



I am reminded of what happened after the introduction of samarium-cobalt, the first commercial rare earth magnet. In this material the costs of samarium and cobalt were both of concern, the latter coming mainly from politically volatile regions of Central Africa and suffering wild price fluctuations over the years. In the late 1970’s, after finding only limited use in a variety of specialized applications for several years, sintered samarium-cobalt magnets enabled the introduction of a ground-breaking consumer product – the Sony “Walkman”. Key to the miniaturization offered by the Walkman was the use of sintered samarium-cobalt for the capstan motor and the ear-phones. But the high cost of samarium-cobalt was never overcome, and this magnet material now serves only niche applications which mainly draw upon its superior stability over a very wide temperature range.

Major commercial applications were ceded to neodymium-iron-boron following its invention in 1983. Some of today’s commercial Neo materials still use a little cobalt, but iron mostly replaces it at much lower cost. This leaves neodymium as the main constituent of Neo magnets whose price sensitivity can affect the commercial viability of its application, and whose weight will typically comprise 25-30% of a Neo magnet’s weight. Neodymium metal had not always been as low as $8/kg, but this did not matter when in the late 1980’s rare earth magnets were again the enabler for miniaturization of a major consumer product component – the hard disc drive, with sintered Neo for the head actuator and bonded Neo for the spindle motor. In recent years, significant improvements to magnetic media’s storage density have driven a gradual reduction in size, from the 3.5” disc drive which prevailed five years ago to the 2.5”, 1.8” and now 1.0” drives of today. The sintered and bonded Neo magnets which still enable this progression are themselves becoming miniature, so their cost is dominated by the magnet’s process cost rather than by its raw materials pricing. Despite the constant downward pricing pressure for hard disc drive components, such miniature Neo magnets are commercially viable in this application even at today’s elevated neodymium metal prices.

Hard disc drives and other consumer electronic products are still the leading markets for Neo magnets, but major new applications are said to be in such areas as automobiles, office automation and appliances, which are mostly not “miniature”. So unless the application requires some other performance benefit which can only be provided by a Neo magnet, the successful gain of significant further market share from ferrite will depend very much upon lowering its cost – via raw materials pricing and/or magnet process cost. Just as the cost of very small magnets depends more upon process rather than upon materials, the cost of larger magnets generally becomes more dependent upon raw materials pricing. This brings us back to the skyrocketing price of neodymium, and its effect upon future opportunity for Neo magnets to gain significant market share from ferrite.

The rapid rise in rare earth pricing over the past year was mainly driven by actions taken by the Chinese government, China being the principal source of rare earth ores. New measures were implemented to improve environmental protection by controlling waste pollution of Chinese smelters, tax incentives on the export of rare earth materials from China were withdrawn, and some important new products for sintered Neo have created strong demand for neodymium. As I have said, it appears that the price of neodymium metal had stabilized as 2006 ended, but I believe that the foregoing reasons for its precipitous rise suggest that we should not expect an imminent return to the low levels of 2005, if ever.

If not driven by an overwhelming factor such as miniaturization which enables a product’s evolution, then the investment needed to convert it from ferrite to Neo magnets may not be justified either by a sustained higher neodymium price or by the uncertainty of future long-term price fluctuations of the kind we have recently experienced. Clearly the opportunity for an application to adopt Neo magnets in a significant amount in place of ferrite needs careful analysis of both the technical benefits and the economic forecast.

Dr. Peter Campbell has been a consultant to permanent magnet producers and users for over 30 years. He has been a professor at the University of Cambridge and at the University of Southern California, and has worked with Magnequench Inc. as its head of Technology and head of Sales. Please contact him at drpeterc@earthlink.net, or visit www.magnetweb.com."

http://www.mceproducts.com/public/public/WebDocuments/NdDyCostData.pdf

The prices from 2006 of Neodymium have really increased - from $30/KG to about $110/KG - ($50/lb.).....Jim

ks3000...."Do you still feel this stock can be over $2 share with no splits? Also, do you see $1 by years end?"

Yes, as the Hawk Report confirmed what we thought we had and also increased the potential for one heck of a lot more resource value than what I had estimated when i did the above PPS estimates....Jim

the cork....It just continues to improve and show us a new face. Good night and a good tomorrow...Jim

Spark...Yes, we got a mind blowing, not finished yet, Zone D resource. Who said that it was only worth $5 Billion?

dmbao...."Another thought is it is doubtful we will get compliant reserves on the entire property this season? Might take a another year to complete but we hopefully will get compliant on zone D and might find that to be greater than 5 Billion on its own."

This sounds faily accurate. I would also add that we may find out this year that Zone D is greater than we have assumed and that the eastern zone may also be greater than zone D. Just making some assumptions from reading the Hawk Report....Jim

dmbao...."I really wish I knew some reserves to market cap ratios to go by but from what little I have found, I have seen nothing where the reserves to market cap is less than 1% and normally much higher. At 1% of 5 Billion we should be trading above 6 cents and I don't think anyone thinks % billion is all we have nor is 1% the correct number. So say 10 Billion of stuff (still conservative I bet) and 3% value (also low from what I have found) it suddenly becomes 40 cent plus which gets pretty serious to me. Of course that provides no value to any of the other stuff they have!"

Commerce resources today closed at 87 cents and has a market cap of (.87 X 140,000,000) = $121,800,000. They have a compliant resource of $2.8 Billion dollars. That's 4.35% market cap to reserves.

If we assume that srsr will prove up a paultry $10 Billion of resources and the market cap is 4.35% of resources, the market cap would be $435,000,000 and the PPS would be 60 cents....Good Day...Jim

marketphile...."Of course they wouldn't say that publicly, nor should they. They need to do a lot of work on the property to prove up the resources. However, talk to enough people and you might be able to uncover some interesting information for yourself... ;)"

Thanks for all the info that you pass along to us. What some people don't realize is that the company is not spewing forth tid bits like "we got $15 billion of resource and that's a lock!". These are deductions on your part from verbal and non verbal responses to some very direct questions based upon public information . These people are pros and won't give out anything that is not already made public. There is much that has been made public - even before the Hawk report on the property at Nemegosenda. Thanks for sharing these assumptions based upon public knowledge with us.....Jim

PS For those that study the Sage Report and the Hawk synopsis should have no trouble deducing a potential resource of $15 billion plus...

texas ripper...."To put this into perspective, gold is currently worth about US$20,000 per kg. However, a high-grade gold deposit might have a gross value of only US$120 per tonne, while a high-grade rare earth deposit could easily have a gross value of US$1,000 per tonne or more."

What if the Zone D Niobium deposit of 20 million tons included REE's at "US$1000 per ton or more"? Would increase the value of the Zone D by "$20 Billion dollars or more"....Jim

TR..."and jim from our ongoing discussion last night, 15 billion may pale in comparison to the eventual numbers when the REE's come in. its extremely rare to find REE's in economic quanities"

The REEEEEEEE's are the big trump card. What quantities do we have? That will determine economic viability. Yes, economic quantities are rare and if we see some .5% elements in quantity, we really have added value to that $15 Billion of suspected Niobium/Tantalum!....Jim

Ps Commerce Resources is all excited about a combined Niobium/Tantalum resource of $3.1 Billion and as well they should as 3 Billion bucks is an elephant deposit. Well, we are talking $15 billion here with a probable REEEEE add on....Sorry for the REEEEEEEEEE, hypervetilating a tad!

marketphile....This deposit just keeps getting more and more interesting / exciting ....Jim

Texas ripper....This confirms the "estimate" that marketphile just received from the company as they believe that niobium and Tantalum could be around $15 Billion. This is the type of deposit that will continue to grow as it is drilled and verified. The process is slow, but the rewards are tremendous. We may have 3 seasons + of just drilling. Depends upon what they find out about the 5 other targets and their extensions. The longer the drilling program, the greater the resource valuation....Jim

From the Hawk Report:

"At present, the richest and largest tonnages of niobium and apatite deposits are of residual type. Preferential weathering and dissolution of the carbonate host rocks, leaving behind more resistant apatite and pyrochlore mineralization, can lead to a 3 to 6 fold enrichment of the economic mineralization. In this process, the host rock is disintegrated into a soil horizon, which simplifies the extraction process."

I wonder if this process of weathering of the carbonate host rocks leading to a 3 to 6 fold enrichment of the economic mineralization has occured since the 1950's establishment of the .47% niobium. Could this process have enriched the resource?

"Numerous post-ore faults have been observed in the western margin of Zone D. Most notably, a northeast trending fault cuts off Zone D along its west edge. Right hand movement is suspected and drilling has yet to locate the Zone D extension."

Looks to me like Zone D is open on the western edge allowing for a drilling program to increase the resource in Zone D.

"Based on a comparison of the Dominion Gulf and OGS historical work done to date to the general literature available for carbonatite – alkaline complexes, the Nemegosenda deposit appears to be of the strata bound type. Consequently, the lateral and vertical extensions for the areas of mineralization could be extensive, particularly in the East Zone."

Appears as though the greater resource than Zone D could be located in the eastern boundary and the resource in Zone D is still open on the west edge. This is probably why Lorne says we have at least a $10 BILLION DOLLAR resource.

marketphile....Great report and many thanks for the update!

I really love this management team as they are really on the money with the direction and fervor that they are proceeding. Doing phase I ourselves is a great decision as we will get drilling confirmation on Zone D of the Billions there and be better able to negotiate a fair joint venture agreement. The dilution from the sale of treasury stock to do the drilling is a good investment to make in this property - if indeed they choose the private placement route for funding...Cheers...Jim

PS Wonder if the stock holders would have a chance to participate?

Emergcy..."Can one tell me whats wrong with this stock? If your messages are right and there is accordind to the Hawk report 5 Billion on valuable metals in the soil, the the share should have a volue according to 10% in the soil, means,5 Billion by 0,1divided by 850 Mio = 0,6$/share. Why we struggle with 0,06?? As I assume the market is always right, something is wrong with the 5 Billions or with my calculation. But even if the 10% is too high, a 5% would give 0,3$ and it is definately not 1%, means 0,05!! Grateful for any critical, constructive reply!!"

Your assumption that the market is always right is grossly incorrect - in fact, laughable in relation to the Pink Sheet market. This company has billions of dollars in value and the market has not valued this accurately as yet. Watch and learn...Jim