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What an Awesome Post...
Thanks for this (and not just for newbies!!! A Must Read for Everyone!!)
Cheers,
ThegoodlifeGeo
"Our patience will achieve more than our force."
-Edmund Burke
And the Greatest Part is the Best 2 Days of the Week are Coming Up!!!
If we could Repeat last weeks Thursday-Friday performance (up around 47% total over those 2 days) we would all have a Very Nice Weekend...
--------------------
Thanks marketphile, weathervane, goodlifegeo, and others for all the great info today! Nice close!
--------------------
Crazy Close on this one today... I was watching it real time and the way it bounced right there at the end was wild...
Cheers,
ThegoodlifeGeo
"Don't let life discourage you; everyone who got where he is had to begin where he was."
-Richard L. Evans
I actually got emails from both, but it was Lorne who sent me the email about the Roads being done...
We have been exchanging a few emails about the PPS and he re-iterated his feeling that assuming prices for Niobium, stay stable or rise (IMHO the more likely) we will see significant rises in PPS as more news is shared about new Drilling being started, Cores being completed, tests being performed, etc...
I think investors just want to see Drilling start, then things will start moving up...
-----------------
did you get the answer from Darrin or from Lorne himself??
have a great day
-----------------
We are Close... I can almost hear the drilling from here...
Cheers,
ThegoodlifeGeo
"Make progress one time and it makes you happy. Make progress day after day, week after week and it makes you a champion."
-Greg Werner
Hi All-
I have not read all the posts today, so I do not know if anyone else reported this yet, but I received an email today from Sarissa and they reported that they now have cleared all the Roads and the Crew now has Full access to the entire site.
The Road work was completed ahead of schedule and below cost as well...
Nice news...
They all appear to be in really high spirits (having just returned from the "Mine"... Their Words!).
Things are progressing nicely I think...
Cheers,
ThegoodlifeGeo
"There are many ways of going forward, but only one way of standing still."
-Franklin D. Roosevelt
I just did one at .05
------------
I am putting in a bid to sell at .10. How's that?!
------------
Cheers,
ThegoodlifeGeo
"The entire essence of America is the hope to first make money -- then make money with money -- then make lots of money with lots of money."
-Paul Erdman
Not Sure here... I can say You have the right to 'Ask' for whatever price you want... You should not have to cancel it either, just have it expire when you want to...
I was in a stock a few years back and using another board and one day it got really, really quiet... I do not mean like the few quiet days we have had here, but I mean you could see tumbleweeds scrolling across the screen...
None of the 'regulars' were answering email...
The PPS was climbing, so I put in a 'Sell' at something Much higher than it was at (like double)... I had seen people do this before as a stock was rising so I figured what the heck...
It Sold in 10 minutes...
I was so shocked that I started trying to buy back, but the price went up beyond where I was trying to buy back in at...
I doubt that would happen here of course, but you can put in Sell orders at any price you want...
I would imagine that 'sell' orders get noticed when they are higher than 'Ask'... Stock people spend their whole day talking about things like that...
Free Market Economy = Charge what the Traffic will Bear...
------------------
What about idea I proposed couple minuets ago? We could light up their screens if nothing else!
------------------
Cheers,
ThegoodlifeGeo
"Money, the root of all evil...but the cure for all sadness."
-Mike Gill
I was KIDDING... Really I Was... (Sorry! Did not mean anything about you or anyone else...)
And you are correct, Auto is just what it comes through as...
I am hoping the "Auto" starts going Upward instead of Downward...
I know that many MM's (and other's) are looking to buy as low as possible and on these Pink's it is SOOO easy to bring it (PPS) up & Down...
I am not a "Playa" though...
Just here for the long haul money...
I did buy more last week when it dipped like this though... I thought it would be silly not to considering where this is heading...
Cheers,
ThegoodlifeGeo
"Some people grumble because roses have thorns; I am thankful that the thorns have roses."
-Alphonse Karr
I don't know who this "Auto" character is, but I think we ought to take him out back and shoot him... LOL
-----------------
SRSR is getting beat down by AUTO again...0.0285 which is higher than earlier today.
-----------------
I do some Wildlife Photography and the drive up through either 101 or 11 are both awesome... I stayed in Timmins both times and New Liskeard on the way up...
Very nice driving up there.
I wonder what Scott & Lorne are doing right now????
I am daydreaming of them setting up a drill and watching it drive down into the bedrock...
Soon... Very Soon...
Cheers,
ThegoodlifeGeo
"Gratitude is happiness doubled by wonder."
-G. K. Chesterton
The Skeeters up there Drink the regular "Off" just for fun... LOL... Not enough Deet...
"Off" does come in a 25% (Deep Woods??).
I use Cutter 100% Deet and mix it with some plain lotion (unscented) and put it everywhere exposed...
I also have some Cutter spray I use for my pant legs...
----------------
ours is called OFF here
----------------
Humm... I have 3 weeks PTO coming to me... Maybe a Road Trip is just the thing.... Fly to Boston, stay with Dad a few days, rent a 4x4 and drive back across through Canada...
Used to do this all the time just for fun...
Cheers,
ThegoodlifeGeo
"Progress lies not in enhancing what is, but in advancing toward what will be."
-Kahlil Gibran
I don't either, but my Dad loves the stuff... (Yuk...)
I actually have a case of Molson Golden in the fridge right now...
I was at the Liquor store yesterday and looking through all the beer, was thinking about Sarissa and decided to get it just for the heck of it!!!
I usually drink Sam Adams, but maybe I will drink Canadian for the rest of the Summer...
----------------
Ummmm...REAL Canadians do not drink Bud Light although the product is a bit better up there. They drink Molson, Labatts,...etc. as well as LOCAL brews which seem to be everywhere.
----------------
Nice how SRSR seems to be heading back up in the right direction now...
Cheers,
ThegoodlifeGeo
"Without question, the greatest invention in the history of mankind is beer. Oh, I grant you that the wheel was also a fine invention, but the wheel does not go nearly as well with pizza."
-Dave Barry
LOL... And I would love to watch that...
(I would help too!!)
Cheers,
ThegoodlifeGeo
"Maybe it’s in the basement, let me go up stairs and check."
-M. C. (Maurits Cornelis) Escher
Hey Homey, thanks for that...
It is so funny, but I have literally driven right past this several times. I used to drive across from Montreal to Thunder Bay and the last 2 times I went up from Algonquin to Black River, then picked up 101 and drove right through Chapleau...
Nice drive up through all the lakes... You need Lots of Deet though...
Cheers,
ThegoodlifeGeo
"Many men go fishing all of their lives without knowing that it is not fish they are after."
-Henry David Thoreau
(It's Niobium...)
I would think (IMHO) that the first Generator was on the Second Vehicle (right behind the Road Grader).
They would have ordered (rented) these as soon as they knew they were heading up there I think...
I would think they already have a Trailer for an onsight office as well... That is Typical for these remote places.
I have been on many remote jobs and the Generators are the first things setup. They are added as needed..
There are people who will basically be onsite, once this thing kicks off, 24x7 and, after all, they need power to keep the Bud Light cold!!!
-------------------
I guess yes, but as the question was discussed here I asked. and I will shre my answer when they get back to me.. surely will not get any before 2 weeks as they are on the property until end of next week..
-------------------
Cheers,
ThegoodlifeGeo
"Man does not live by bread alone"
-Deuteronomy 8: 2-3
"He needs Niobium Too!"
-ThegoodlifeGeo 2008
And I actually got an email from Lorne on Friday saying they will be onsite.
Checking the roads, supervising the arrival of equipment...
I also got Another email today from Darrin at Brass Bulls.
They all know it is frustrating and that the MM's are pretty much controling the show (PPS) for now until everything else is in place.
They just say Hang in There and the reward will be coming...
Things will be pretty slow here until the AF's are ready...
It sounded like soon, this week or next??
AF's ALWAYS take longer than they think...
Then once they are actually Drilling I am certain Scott will not be able to contain himself and send out another of those wonderful updates...
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good to see they are out at work on the field :) who told you that btw?
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Man I wish I were closer!! I would LOVE to go see this for myself!!!
I wonder if there is Internet access close to the site??
In the Town?? Must Be...
Cheers,
ThegoodliofeGeo
"All good things come to those who wait"
-Henry Wadsworth Longfellow in his poem, The Student's Tale.
You know, I am thiking the same thing...
With the only real numbers from Zone D pretty much known (low-end estimates IMO) and we have $5B... How many can say this in the mining industry??
All the indications are there is so much more to this property than what we know about...
If this is Only Double it would be amazing... But keep in mind that Mining companies take into account the Life of a particular property and try to Project were things will be in the future...
Can you all imagine what some of these, already scarce materials, will be worth in the coming years?
Only Up...
----------------------------
like i said before we could all be flabberghasted when we see all the minerals from both zone d and e after drilling. might blow said numbers out of the water
----------------------------
This looks like it could be one of the most unbelieveable properties ever found... For almost nothing...
Cheers,
ThegoodlifeGeo
"We make a living by what we get. We make a life by what we give."
-Sir Winston Churchill
No! Why would you think that???
Would someone PLEASE pass me another beer????
Sorry, what was I saying???
--------------------
Slow day here. Not much activity. Not much buying either. Is everybody taking an early weekend or what?
--------------------
My 2 favorite days of the week just ended... Both Nice and Green...
2 days ago we opened at .023 and now we close the week at .034 that is nearly a 1/3 profit in 2 short days... Very nice indeed...
But everyone imagine it is Next Summer... Say July '09... Day-Dream a bit...
The second season of Drilling is underway, many reports are done and public knowledge, uplisting to better exchanges are complete and they send out another shareholder email letting us know that with the test drilling of the East zones and subsequent test results in, the estimates for Niobium and REE's is now double what had been previously reported...
We will all just smile a bit as we think about the stock price from today...
Cheers everyone and have a Great Weekend!
ThegoodlifeGeo
"Why is there so much month left at the end of the money?"
-John Barrymore
Welcome to the Party Chris,
As Texas Ripper says, check the Ibox and also the last 4 messages from Sarissa either on their website or the postings here.
There was some profit taking over the last few week and other factors to bring the PPS down into the 2's where many here bought more and are still buying as it climbs back up.
Guesses are not worth much as far as stocks are concerned, but it seems like there will be more short term gaining over the coming months, but the Real Money will be had once the test drilling is done and reserve estimates are in...
We are fairly certain of somewhere around $5 Billion in Niobium, with a good possibility of much more than that in both Niobium & REE's.
There were some excellent recaps of recent events yesterday...
Here is one from OntarEEo in case you did not see it:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29829271
Some of us here have been in this stock since last year, others came in Jan-Feb and then a whole bunch of newer people...
The more the merrier!!!
The company has a First Class team running it now that the last of the "old" guard has left the building... enough said...
There really is no "end" to where this one could go, so hold on to your hat and enjoy the ride...
Oh, and like any Pink stock, there will be up's and downs until this gets re-listed on another exchange (or 2 probably).
MM's will have their fun, but many of us here are in it for the Long Haul.
Cheers,
ThegoodlifeGeo
"A real friend is one who walks in when the rest of the world walks out."
-Anon.
Last one for today...
I got an email from Lorne tonight. He is on his way to the site and wanted to let us all know we appreciate all the support...
I told him to have fun and we appreciate him more...
I also told him about the crazy lady on Raging Bull who thinks he is me (or I am him??)... I am confused who I am now...
I wish right now I was him so I could be going to the site!!
Go Celtics and Go Sarissa!!!
Cheers,
ThegoodlifeGeo
"Five minutes of today are worth as much to me, as five minutes in the next millennium.
Let us be poised, and wise, and our own, today."
-Ralph Waldo Emerson
You are correct, Sarissa has Hired the audit Company.
From Scott's email/PR today:
"With respect to the Company's financial footing, we have recently retained the services of an auditing firm to audit the consolidated financial statements of Sarissa Resources in accordance with Generally Accepted Accounting Principals (GAAP) and to provide the Company's Board of Directors with an opinion on them in accordance with the standards of the Public Company Accounting Oversight Board (United States), and we are currently in the midst of that process. This will be another step in our progress toward improving the company's corporate and listing structure."
"Retained the services of an auditing firm" means they hired them...
Cheers,
ThegoodlifeGeo
"If you will just start with the idea that this is a hard world, it will all be much simpler."
-Louis D. Brandeis
Hi Churak,
Only if you want to make some money...
(But remember your DD, there is a LOT on this board about this company and it's people...)
---------------------
BTW, is this a good stock? Should I buy some?
---------------------
Cheers,
ThegoodlifeGeo
And many people know how much I like quotes and one of them sent me this one just now: (He said it fits Scott Keevil Perfectly)
"The reputation of a thousand years may be determined by the conduct of one hour."
-Japanese Proverb
This is just TOOOOOOOOOOO Funny!!!!!!!!!!!!!!! ROFLMAO
So all this time we have been in the presence of a Genuine, Honest to Goodness "Certified Public Auditor" and we did not know it!!! (OK, there is no such thing, but what the heck...)
I am starting to think that Moojer is a 14 year old from Podunk, somewhere...
I cannot Beleive he (she?) made this mistake...
I cannot stop laughing.... Oh.... That Hurts....
By the way, a friend (who is thinking of buying SRSR for a long range investment) sent me an email today,
Probably old news to some, but interesting:
Norman B. Keevil has the University of British Columbia - Institute of Mining Engineering named after him.
http://www.mining.ubc.ca/index.php
Norman B. Keevil III is also on the Board of Directors at Teck Cominco. That make at least 4 generations of "Keevil's" who have made it to high positions in the Mining Industry...
http://www.teckcominco.com/Generic.aspx?PAGE=About+Us+Pages%2fDirectors+%26+Officers+Pages%2fDirectors&portalName=tc
Teck (TCK) went up $1.44 today...
Wouldn't that have been nice for us...
Someday hopefully we will be saying that too...
Cheers,
ThegoodlifeGeo
"Forgive your enemies, but never forget their names."
-John Fitzgerald Kennedy
Speaking of Audited Financials, I wonder how long it will take to uplist to wherever once the AF's are ready?
I have taken part in a few uplistings but that was years ago and I never worked on anything that went from Pink to OTCBB or anywhere.
I worked on 2 that went from OTCBB to Nasdaq and those both went pretty smoothly and quickly, but both of those companies had lots of money as well as potential... We certainly have the Potential part
The reason I ask this is I have 2 people who have money to invest and are interested, but will not do "Pink".
----------------
Question from my new love Moojer.."Where are the audited financials that I don't really care about?"
----------------
Close at .032 up 28%
Not a bad day...
Cheers,
ThegoodlifeGeo
"Winners never quit and quitters never win."
-Anon. (also attributed to Vince Lombardi)
Yes, Exactly!
It is going to be SOOOOOOOOOO interesting to see the first results from fresh samples from all over this property, including the Adit...
It is also So great to have all the data from those original drills to compile 3D Computer models from.
These models are So much fun to play with and use...
And once they are built, it is Easy to Add the new data from the new cores as they come in to the model and continuously enhance it...
I'm sorry, but Anyone who does Not believe in this property and this team now is just not very smart...
Cheers,
ThegoodlifeGeo
"Power (n): The only narcotic regulated by the SEC instead of the FDA."
-Anon.
I think everyone is right here...
The way that they will pick to start mining operations will be the one that makes the most economical and viable sense to do.
The do have this adit to explore that is already 580' into the heart of this zone and and if they can safely and economically explore this option they will, if not they will not...
They are also looking for other things besides Niobium...
New cores will tell us SO much that we do not know yet and the 3D imaging model that is being worked on will allow them to target their mining to the areas with the greatest potential.
-----------------------------
"This will allow us to generate a fairly complete 3-dimensional model of the main ore zone, allowing us to very specifically target the drilling we need in order both to confirm and to expand on this zone. Once the data is in electronic form we will have a geological consulting firm translate it into a 3-dimensional model. The combination of all this data into one easily-managed model should greatly assist us in our ongoing exploration and development of Nemegosenda, both in targeting and in economizing our overall exploration expenditures."
------------------------------
We are at the beginning and over the next few months we will all find out how this will proceed...
I also really, really like all the comments in the report regarding expansion of the core zone and exploring the rest of the zones...
------------------------------
"the immediate goal for Sarissa will be to confirm and rapidly increase the size of the historic 20 million ton resource base at Nemegosenda"
------------------------------
To me that means Scott and the rest truly believe there is much, much more down there.
You can Hear the excitement in this report...
Cheers,
ThegoodlifeGeo
"It's not your blue blood, your pedigree or your college degree. It's what you do with your life that counts."
-Millard Fuller
Yes, it happens quite often.
If the Adit is sound and dry as this first reporting suggests, it could very well provide a means of initial entry into actual mining ops... Could be a Very Fortunate thing where this Adit was dug for Sarissa and all of us...
Roads that are not already done will be ready very soon...
The equipment is on the way for cores to be drilled...
Then reserve estimate reports...
Then Dig for Niobium and all the rest...
$$$$$$$$$$$$ Flows.........
OK, more steps in between, but still...
--------------------------
In reviewing todays PR, this paragraph needs to be reviewed very closly as one could read between the lines and conclude that the end of the adit is close enough to the niobium core and could possibly be mined from within the adit as it is dry and ready to be rehabitalized. Is this a possibility????? Any comments on this thought??
--------------------------
Scott/Sarissa is Not sitting around just talking on the phone, as some have suggested, they are Hard at Work getting this Magnificent Property ready for Mining...
Excitement Builds...
Cheers,
ThegoodlifeGeo
"I am certainly not one of those who need to be prodded. In fact, if anything, I am the prod."
-Sir Winston Churchill
Talking about our Scott Keevil I think...
Shareholder Update and Personal letter from Mr. Scott Keevil...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29811501
Cheers,
ThegoodlifeGeo
"Cherish your vision and your dreams as they are the children of your soul; the blueprints of your ultimate achievements."
-Napoleon Hill
And we broke 5,000,000 volume and it's only 12:40ET
Up 20% for today so far and the day is only half over...
It is amazing how a truly fantastic PR with Real Facts Straight from the horse's mouth (sorry Scott, I Like Horses!!) effectively killing a host of rumors and easing everyone's fears can do for a company and it's stock.
Isn't it nice to feel this good....
I hope everyone bought more yesterday who was able to...
Cheers,
ThegoodlifeGeo
"Challenges are what make life interesting; overcoming them is what makes life meaningful."
-Joshua J. Marine
A copy of an email I sent to Sarissa this morning:
"To Mr. Keevil and all at Sarissa,
I just wanted to send a Great Big Thank You for this wonderful email & Press Release.
This is Exactly the kind of information that everyone was looking for. It told of what you are doing, planning and even shed some light on the Potential of this one property without making it seem like you are overstating anything.
"Just the facts"
Thank you again and wishing you Great Success for yourselves and all of us!"
----------------------------------------
I think everyone should send a few words to Mr. Keevil & Sarissa thanking them for this press release.
Cheers,
ThegoodlifeGeo
"Genius is one percent inspiration and ninety-nine percent perspiration."
-Thomas Alva Edison
Jim, You are right, but I bought more yesterday at it's low point...
I think I was not alone...
Cheers,
ThegoodlifeGeo
"The making of friends who are real friends, is the best token we have of a man's success in life."
-Edward Everett Hale
I do not know you at all and have no idea what you are or do, but these 2 posts are very strange...
Or maybe not depending on who you are and why you are posting such rubbish...
-----------------------
Rawnoc...."No, if I were the CEO of a start up company sitting on a $5 billion mine, I would care less where the majority of the shares were."
"No, if I were the CEO of a start up company sitting on a $5 billion mine, I would care less where the majority of the shares were.
And I wouldn't have time field e-mail and phone questions all day long for hours on end daily. I'd be over there with my bare hands digging in the mine, lol
OVER AND OUT here for now. "
-----------------------
First, if you were the CEO of Any company (I saw another post with you comparing this company to Cisco???!!! Why??? 2 Very different companies) and you say you would Not Care who owned the bulk of the Shares and you would not Talk about them if you Did??
You darn well Better Care who owns the outstanding shares... Especially in this case where there was all this Huge Potential in a Mining Claim and all kinds of Mining companies could be lining up to attempt a takover by simply Buying all the available stock...
You obviously are NOT a CEO (or maybe you are of a Mining company looking to buy this cheap???)
Second, You say that you would not have Time to field Email or Phone Calls??? I NEVER want you as the CEO of ANY company I have stock in!!!!!
That IS the Most Important role of a CEO of a very small company on the way up, to keep the line of communications open with their shareholders, answer pertinent questions and (without giving "inside" information) answer all questions as honestly and openly as you are able...
You obviously do not like being open or honest...
Oh, Yeah, and you would be out there "Digging with your Bare Hands"??? For Niobium??? Do you even know what this block of Niobium looks like???
All you would have is VERY Sore & bloody Hands and nothing to show for it!!!
This Niobium block is more like digging through a block of Lead, not Dirt...
Not to mention that there most likely are other things down there that you would not want to be digging with your hands...
You could end up a fingerless patient with radiation poisoning...
Hopefully you are not joking about "Over and Out for now"... Please stay away with your negative postings.
Cheers to all the good folks here and at Sarissa,
ThegoodlifeGeo
"Hold fast to dreams, for if dreams die, life is a broken winged bird that cannot fly."
-Langston Hughes
A Democracy! Cool!!
------------------------------------------------
"I second the motion. All in favor say aye."
------------------------------------------------
Thanks everyone...
Cheers,
ThegoodlifeGeo
"You make the world a better place by making yourself a better person."
-Scott Sorrell
Hi Mariner,
Thanks so much for your Great Posts...
It is amazing how these one-liners from a few people (some already gone) bring about such long-winded replies from others...
To try to answer your question, it is so hard to say at this point exactly what kind of tonage we are talking about in the first few years. It will depend on many factors, but it is safe to say that Sarissa will work with whoever they JV with (IMO JV will likely happen) and come up with a plan to mine this in a smart and highly profitable fashion. The first year's mining Ops will likely be somewhat lite, but gradually increase over the first 2-3 years as they build out the operation and improve the infrastructure of the site (including roads, refining facilities, etc...).
If we (Only) have 20,000,000 Tons Niobium (I think 2-3x this for entire site) and we say this is a '20 year mine' (I think 30 + years more likely) then we say: (approx)
20,000,000 Tons * .5 / 20 years = 5000 Tons of processed material / year to be shipped. You can take that out further to say: 5000 Tons *2000 = 10,000,000 pounds of refined Niobium * spot price of $25/pound = $250,000,000 / year for 20 years = $5,000,000,000 (plus increases in price of Niobium from ever increasing demand as suplly gets shorter = more pressure to find & dig/process more. This is how we got to our 5 Billion, but that figure is so low it is not funny.
This is Only the Niobium we are talking about here, not all the rest of it (REE's and any other Uranium, etc...)
Niobium alone IMO is 2x + that, so the figure over 20 years Niobium is 10 Billion not 5 billion. Then you get into the real money... REE's. Another leauge altogether... This jumps this one claim up into another level. We Really could be talking 2x the entire Niobnium output if the Cores come back with the REE's as expected...
A whole new game then... $20 billion??? More??? Who Knows???
---------------------------------------
Question for the board - how much (refined) material have we come up with as an estimated amount to be produced and sold in the first couple of years ??
---------------------------------------
Keep in mind that the End Company receiving the materials, wherever they are, will be working just as hard as Sarissa to get this material to them in a timely fashion and expense...
The cheaper the companies receiving this material can get the processed ore to them the less impact it has on their bottom line...
Cheers,
ThegoodlifeGeo
"Men who for truth and honor's sake
Stand fast and suffer long.
Brave men who work while others sleep,
Who dare while others fly...
They build a nation's pillars deep
And lift them to the sky."
-Ralph Waldo Emerson
Mariner98 gave an excellent reply-post (#19805) to this idiotic post (just one of another vast and seemingly endless river of useless posts by 'moojer'...)
First, it is obvious that you know Absolutely Nothing about Mining or even Business, but you assert that you are an accountant, I doubt that too...
OK, This is a Mine, not a Supermarket. You do not make a phone call and say "I want to order 500 tons of Niobium..." on a new site just under development. That will come later...
It takes time to develop a new site, however once you start mining the rewards actually come rather quickly. They drill Core Samples to find the best and most concentrated areas for the Mineral or Metal they are mining.
In this case they will also be doing core drilling to ascertain Reserves of Niobium (and find other metals and REE's). We Really want this too, BTW, since the Reserve Estimates are going to tell us what the initial (Tested) sections of land are worth (In Minerals, Metals, etc...) Keep in mind that this will be the Tested Areas Only. Scott already indicated he will do Exploratory drilling in other areas as well, based on all information available so far, to start looking for what else may be on this property.
Once all the Cores are run through the Lab they select the best Entry Point and start digging for real.
I still do not expect Sarissa to do the actual mining operations alone, I would expect them to do a JV once they know what they have, once they have the estimates completed on what the reserves are for this property.
As far as a timeline goes, saying ""Shipping the stuff is 2-3 years away". Who is going to pay for the cost in the interim?" Is so idiotic that it would be laughable if it were not for the fact that you can actually hurt the people who are reading this board and listen to your Crap Posts...
Moojer is here and posting these stupid one-liners for one of 2 reasons; to drive the PPS down so he can test the bottom of this stock before it finally takes off so he can buy shares at the lowest point possible or, he is truly stupid and just likes posting Crap One line Posts. I am betting on the first one.
As an actual timeline for this property, once they have the test cores competed and once they have the reserve estimates done, they will start mining operations right away.
Another thing to remember here is This is a Mining Company. This is Normal... From the time of discovery of new opportunities to pulling whatever it is out of the ground takes Time to develop. No Mining Company's value is solely based on what they are digging currently, but what they are Developing to dig Next... Mining companies look to the Future, they do not sit in the past waiting... This takes Money and Time.
This is SOP for All mining operation...
All of you who have been watching & investing here in SRSR for 6+ months know this already... Those of you who are new need to read all the past posts on this and come to the same realization we have; We have one of the most amazing finds here and one of the most undervalued stocks anywhere ever.
SRSR and Scott does NOT have to worry about financing Any of the mining Ops. They will have so many investment offers that Scott will have the opportunity to pick whatever method he wants to finance this (including pulling out his Amex card as another very funny post suggested...)
We are not talking about some Poor person trying to take advantage of all their investors, we are talking about a family worth Billions and is part of a mining Dynasty...
Scott would not be a part of this if it were not as close to a sure thing as any could get. He would not destroy his reputation this way...
Can we not get this moojer person banned from this group??? He is Lying outright now IMO and posting Crap with No facts or evidence... Seriously, if this type of posting is not against the 'rules' then it darn well should be.
Cheers to all the longs and true DD posters here,
ThegoodlifeGeo
"A dream becomes a goal when action is taken toward its achievement."
-Bo Bennett
I agree Totally...
BS Mechanical Engineering from Northeastern
BS Computer Science New England Institute of Technology
Masters work at CSU School of Engineering Denver
Other courses at CSM (Colorado School of Mines)
All of it was really just so much paper...
Almost everything I have learned has been working and learning from others in the field...
Life is Truly the Best Teacher, not School...
Of course my nephew (surgeon) disagrees...
I guess I have to give in to him on his point on this one... LOL...
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What kind of engineer are you? I am on as well, on paper at
least. Also MBA work. Most of the useful information I learned was in real world business.
White Wolf
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Cheers,
ThegoodlifeGeo
Questions about schedule of Drilling events...
I had a Memorial Day BBQ today and many friends came by... I found out (once again) that BBQing and Beer on cold, rainy days in the Rockies are much more exciting than Summer days... Grilling while drinking beer and getting rained on is SO much fun...
I showed all this SRSR stuff to many today (we are talking hard-core, Show-Me Engineer & Scientist types) and peaked quite an interest in our little company.
One engineer friend (A Woman, just to make the quote more interesting...) said "Mining is like a new lover... You never know what you have until you start drilling..."
After we all had a good laugh, I bounced some questions around...
So IMHO, Scott already had his plan for initial drilling long before the Hawkins report came out... He knew what was down there, he just needed independent verification and a Reason to continue...
The "Season" for drilling is about April - early November in this area, so it is not much different than here in the above 8000 foot regions of the Rockies...
I think there was already a plan in place to start the Phase I drilling and it will start within the next 30-45 days...
Whether it is a JV of some type or they go it alone for the initial Phase I drills, I do not know, but Scott & the rest at Sarissa want this to start now just like we do...
Phase I is done this season IMHO (with a little help from my friends... I always loved the Beatles!)
Results go to the Lab as drilling is being done... And just to make the point, If you are thinking of investing, do it Before that Phase I report come out...
Phase II drilling can begin as soon as results are in for core samples...
So if we are talking JV, then the equipment is already there for Phase II to commence...
If Scott does Phase I himself, then once cores are analyzed, the results could Greatly increase the Value of SRSR (which is why he may do this).
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"when do you expect the first drilling to take place and how long will it take to drill getting 1 drilling results for zone D??
I know that you don't have the time schedule of SRSR (lol- maybe I am wrong ), but I think you may give us a good guess ref. to your experience ref. when drilling can be started (weather) and how long it lasts to get results.. "
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In an earlier post I touched upon REE's that may be on this property... This fact is Not going un-noticed by the world...
I know people who are watching this to see where it leads...
REE's and the need for them in our daily lives is going to become a huge impetus to the mining world, even much more so than today...
Niobium alone can make (this one find of SRSR) worth 10-20 Billion by the end of this project for All zones (Not just zone D).
If Zone D Niobium is (just for the sake of Argument) 5 Billion, the rest combined is Much more (double? Triple?). We will know this over time, but it makes NO difference to the Start of this project...
We already know we have the 5+ Billion in the ground...
This alone makes this project a mind blowing event for SRSR and it's shareholders (look at the numbers from previous posts) but Not the reason I am excited about this... That reason is the REE's down there...
The REE's for just the Nemegosenda property alone could be more than all the Niobium they have...
To your other post about a German Stock Board posting comments about Sarissa needing cash to do these studies?? Scott has the resources and can get the capital to do this by himself if he wants to...
He is also quite smart and wants his Shareholders to benefit from this as much as he and his company does...
He will do what is best and right by all involved.
8 Million to get 5-20 Billion??? This is Not an issue here at all...
Lets just say this One project is worth 8 Billion (Very Conservative) that would mean a 100 times return on investment... There is almost No One in the financial world who would not lend with these numbers...
And we are still only talking about this One project and property. They have 4 more...
Cheers,
ThegoodlifeGeo
"Effort only fully releases its reward after a person refuses to quit."
-Napoleon Hill
Hi All SRSR Lovers...
Some thoughts on this cold Memorial day in the Rockies of Colorado...
I have been talking to friends about REE's (I know, sounds boring, but hey, I'm an engineer, we talk about boring things sometimes...) He is primarily doing research on REE's and locating them. He says that many REE's are predicted to be in such short supply that many countries (including the US, India & China) are starting more and more to research locating these materials and enhancing extraction & production processes.
There are reports going back 6 years stating we are going to have major shortages of REE's, here are a few:
http://pubs.usgs.gov/fs/2002/fs087-02/
Interesting Report on impacts to "Green Technology"
http://www.greenlivingonline.com/Energy/endangered-rare-elements/
Sitting on top of a large supply may cause this SRSR find to become truly significant way beyond the $5-10 + Billion in Niobium. OK, That alone will make us all rich, but Companies may start buying REE's just to stockpile so they do not run out...
Cell Phones, LCD Monitors and TV's, all kinds of state of the art Electronics are at stake here...
Companies (even Countries) may soon need to find these resources at any costs...
Good for Us...
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"The D Zone historical reserve estimate of 20,000,000 tonnes grading 0.47% Nb2O5 is within the range currently considered economic in carbonatite-alkalic rock complex literature for commercial production. Tantalum and REE are commonly associated with these niobium occurrences. Therefore the economic potential of the Nemegosenda complex could be substantially greater than what has historically been inferred by the presence of tantalum, REE, and uranium.
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"The need for REE's, especially ones Not controlled by China who has much of the world's supply, may soon be the next Oil Crisis..."
A quote tonight from my friend...
If the prices for certain REE's goes the way of Oil... Well, Draw your own conclusion... I did...
More fuel for the cannon...
Cheers,
ThegoodlifeGeo
"The grand essentials of happiness are: something to do, something to love, and something to hope for."
-Allan K. Chalmers
The answer is there is no 'typical' for drilling cores, unless you truly know the extents or boundries of the "Core" area you are trying to assay. Like we do here...
We have a Tremendous advantage here in having the reports of the prior core drills. For Zone D we know pretty much all the boundries of the core site and can concentrate on this primary "block" of material. Without this we would be talk exploratory cross-section drilling and not just drilling vertically for cores.
That is not to say they may go beyond what they think are the extents, in fact I would think they will since there could be more materials of the REE type along the edges of the core niobium block formation.
The original adit was 580 feet for testing of bulk samples.
Mr. Hawkins is recommending a total of 1500 meters of vertical P core drilling in Zone D to obtain core samples of the type and quality needed to perform geological & metallurgical tests.
This is the Real report we all want to see. The results of the tests from this 'phase 1' drilling program will tell us pretty much everything we need to know (for zone D).
Then the Drilling for NI-43-101 compliance reserve figures can commence, but the Test drilling (phase 1) is the one we really care about. If that comes back with results consistant with the original, as I expect it to, then this will give us solid figures as to the quality of the niobium block down there.
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"My question to professionals in the mining and geological drilling fields is how deep does the core sampling go at a typical drilling site? Or is a geologist onsite studying the core samples and deciding how deep each hole should be drilled?"
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The (very expensive) phase II drilling is primarily for reserve estmatimates, determining just how much is down there for compliance. We already pretty much know how much, or can guess very close, by the size of the core block and testing of the phase 1 core samples, we will know very close how much is in Zone D (Niobium wise) and testing can be done for other materials as well (REE's, etc...)
Further Cross-section drilling in the East zones will give us more about what else is down there, including REE's.
All in all the next year is going to be very exciting...
Cheers,
ThegoodlifeGeo
"The greatest achievements were at first and for a time dreams. The oak sleeps in the acorn."
-James Allen
Jim,
I am in the Colorado Rockies (yes, quite close to several Mines...) and the river fish are biting (along with the skeeters!!), but so far no "Nemegosenda lake trout"...
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...
Jim Said:
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PS Enjoy the weekend all. I am up in New Hampshire fishing for the elusive Nemegosenda lake trout and so far am blanked.
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Cheers,
ThegoodlifeGeo
"Happiness often sneaks in through a door you didn’t know you left open."
-John Barrymore
Mick,
BTW, Thanks for holding up the fort this weekend.
Some of us really appreciate it...
Cheers,
ThegoodlifeGeo
Mick,
You are correct. SRSR has one JV partner (on DeadMoose property).
Moojer, you are just flailing away at this like several other past members did. Why? Again, there is no reason at all to constantly bring up Negative info unless you want the stock to drop so you can gain from this by buying shares at the low points...
Please stop. You appear to have nothing constuctive to say, why don't you just go away and leave it alone?
SRSR and Scott have delivered everything they stated they would and (I think) in a timely fashion. Some people did not like the Hawkins Report, but frankly I think those people were expecting something from this Preliminary Report that was never going to be in it.
It was, simply put, a report to Verify the Findings of the earlier report and provide a basis for continuing to explore this property and provide the Company with the first step in a required process for certification and eventual approval for Mining operations to begin.
The Audit is next, possible JV (with a bigger player than Deadmoose JV partner) but I would not say JV is certainty. Scott & Company may want to finance this themselves and get initial drilling done to determine true worth of this site first...
There is So much more to this property than what any of the reports have so far confirmed.
We already know that we more than likely have 5+ Billion in the ground. I (again personally) think we have at least double that (10 Billion) with all sections (A,B,C,E,F,G) other than D which is the primary focus of the reports so far and another 5++++ billion in REE. I am being conservative.
This mining operation, no matter who it is (SRSR, SRSR + JV, SRSR Sells to highest bidder in some type of deal, which are all possibilities in the Mining world) is going to go on for Long after most of us are gone... This could be a 25 - 50 year mine with all sections mined to their potential.
Does anyone here doubt that the need for these Raw materials is going to keep rising???
The world is consuming metals and REE's at a rate more than Triple than just 10 years ago and will triple again in the next 10... China's consumption alone will be Half of the worlds total need for REE's in the next 10 years, which is why they are willing to spend so much in capitol on Mining operations worldwide now.
This is Truly just the start for SRSR... If anyone out here doubts this, then by all means leave...
No matter how this plays out over the next 2 years, SRSR is going to be worth So much more than now it will be mind numbing...
We are talking staggering growth here... Billions or possibly tens of billions...
Once again, this board has some Great members contributing Excellent DD and information...
Thanks to all that do... To the few who have their own (hidden) agenda's, please go away...
As always, all comments are IMHO.
Cheers, and Happy Memorial Day to those in the States
ThegoodlifeGeo
"Friendship is the hardest thing in the world to explain. It's not something you learn in school. But if you haven't learned the meaning of friendship, you really haven't learned anything."
-Muhammad Ali