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OK, I was a little excited tonight, so just a few keypoints (after my 11th reading) of Mr. Hawkins Excellent Report:
Dominion Gulf estimated the reserves of the main
niobium zone D at 20,000,000 tons of 0.47 % Nb2O5 in a block 600 by 800 feet in size and depths of up to 600 feet
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This section Only talks about Zone D estimates. This is the 20 Million Tons of .047% Niobium that has had everyone so excited. (A Block 600' x 800' of Niobium will do this...)
But... there are Zones A, B, C, E, F, G to add to this. Could the sum of all these others zones (together) be as much as Zone D? That Alone (in just Niobium) could easily double the total amount.
----------------------
Of particular note, four core samples from Zone D, the Breccia
Nemegosenda Lake Property, Porcupine Mining District, Ontario 5
Complex and Zone G were elevated (up to 0.5%) in rare earth’s lanthanum (La), neodymium (Nd) and cerium (Ce)
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Again, Zone D references show up to .5% of Rare Earth materials Lanthanum, Neodyium, Cerium. This is a very important (financially) section of this report.
The value of these rare earth materials could greatly enhance the value of the already known quantities of Niobium in Zone D.
Again this is only one zone of this one property. More is here in the other zones.
-----------------------
This zone can be traced laterally for more than 500 metres, and
has a vertical extent of about 750 metres, and grades 0.67% Nb2O5. The latest proven and probable reserves estimate was calculated at 22 million tonnes (www.cambior.com, October 8th 2002, press release). The current projected mine life is 18 years.
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18 years of mining life... and this is more or less just the known area that was studied. 18 years of Niobium mining and all the pricing increases that will go along with that. Now I am not expecting that many will hold this stock for 18 years, but think about this for a moment. If they did nothing else we could see 18 years of mining out of this one site. $$$$$$$$
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Based on an analysis of the available data and on a site visit conducted by the author, the Sarissa Resources Inc. Nemegosenda Lake Property is considered a property of merit
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This is the real "Bottom Line". What makes this all come together. This report could have simply concluded that the property was interesting and should have further analysis (which it also does) and that would pretty much have ended this, but Mr. Hawkins stated he believed this is a property of Merit.
This is what Sarissa needed more than anything.
It is obvious that this one block of Niobium alone makes this site worth mining, but with everything else that will be found on all zones of this site is what is truly going to make this such an amazing find...
Just a few little pieces and this report is quite large. Looking forward to the next stage. Getting new Cores drilled, getting the NI 43-101 compliance completed and start Mining...
Cheers,
ThegoodlifeGeo
"If there is anything that a man can do well, I say let him do it. Give him a chance."
-Abraham Lincoln
Really? And you say you are an Accountant?
For Whom?
I worked as a Manager for KPMG in their technical Audit group (I am an engineer) and I have no idea what you are trying to imply with this strange post...
I remember an Audit of a mining company in Colorado that took nearly 11 months to complete...
This Sarissa audit was only Announced by Sarissa a few weeks ago...
Are you actually trying to say that the First true audit of the newly created Sarissa Resources should be Published by Now???
OK, I have participated in hundreds of audits, on both sides of the house, and there is No Way this audit should be done by now... Not properly at any rate...
I do not think it will take long, but the company asked for this audit, not any governnment agency... In other words, this was not a Forced audit just an audit that Scott decided was prudent to have done as part of his own DD.
I am sure Sarissa will have this report published as soon as they can, probably quite soon, but to say it should have been out by now is silly...
The Hawkins Report was the most important task. Without it the Audit is a waste of time and energy.
Now that this report is out and public, the Audit report is next and everything else follows...
This is yet another irresponsible negative post (Ala MrAnderson... Is that you????) from someone who appears to want this stock to go down instead of up...
'moojer' said:
-----------------------
As an Accountant, IMO, it does not take a month to issue an audited financial report...The balance sheet is there for all the taking? Either you have the assets or not?
-----------------------
Also, this is not just a "Balance Sheet" this is an Full Audit. So much more than just a printout of a balance sheet I would imagine.
Many people have stated what they believe is the timeline already, but for those who joined recently; (IMHO)
1. Hawk(ins) Report - Out Today 5/20/2008 (Mark This Day!)
2. Audit Report - next few weeks (?)
3. Scott (and company) make decision on JV or get Capitol and go ahead with test drills on their own
4. Test drills and follow-up reports give NI 43-101 Compliance
5. Mining Starts
6. We find out that Money grows in Mines (not on trees)
7. Some capitol (profit) from Nemegosenda mining operations go back into other site testing and development
8. Retirement...
Again folks, please do not listen to one-liners from people like this. Most of these people just trying to get you to sell and drive the PPS down. Do not take their bait...
Look at the real posts from the poeple who have been on this company for 6 months or more, watch the companies website, get on their mailing list and do your DD...
Cheers,
ThegoodlifeGeo
"The fellow that agrees with everything you say is either a fool or he is getting ready to skin you."
-Kin Hubbard
Thanks Rig (I think I will go make Pasta tonight!!)
Anyway, last thought for the day...
First, we all know that it takes money to make money... right?
So here is the math:
Ready???????????
Spend $8,000,000 Make: $5,000,000,000
OK, I know, not that simple (and the $8 million is Canadian and the potenial $5 Billion is US) but that is the general idea...
Also, Canada Wants more mining. They know what they have and are encouraging all sorts of companies like Sarissa to get engaged.
JV would net less, but frankly this report is only covering a fraction of the potential of just One of Sarissa's sites...
There is a ton more (actually, maybe thousands of tons...)just from this one site.
I think this is the catalyst from which Scott and company will launch the next project, probably not until operations are started at Nemegosenda.
Starting mining operations there will bring in Capitol and just make things bloom...
Anyway, It is going to be fun (and very profitable) just to watch this for the next year or so...
Cheers,
ThegoodlifeGeo
Here Here...
Better Investing Through Positive Thinking (and reporting...)
Anyone can bash, few care to be positive. (or share their positive thoughts...)
The Third Reading of the Hawkins Report is done and I am liking it better and better with each one...
Careful, restrained, well thought out. Enough detail to share the possibilities and make the facts stand out...
Excellent Report!
It is really hard not to be excited about this...
Scott and company can now execute plans and make more.
He is about to become busier than ever in his life or career...
Very exciting times...
----------------------
In Reply To 'blarsh8':
Congrats to all of the longs, and my deep appreciation to this whole board for their continued support, information and positivity throughout, even towards our occasional bashers...
----------------------
Cheers,
ThegoodlifeGeo
"One of the good things about getting older is you find you're more interesting than most of the people you meet..."
-Lee Marvin
I had more to say, but my wife told me to stop.... so I did...
The people looking for short term money (the ones who were not here in January) got out today. I actually think that a bit odd, considering that a few days ago Sarissa was worth only millions and now Billions, but everyone has their own agenda...Financial or otherwise...
We are now (officially, with the Hawkins Report) at 'Step 1'...
Much more to follow...
Why??? (some may ask????)
I have $5 Billion reasons to stay with SRSR...
-------------------------------
In Reply To 'jim6103' on 'Sarissa Resources, Inc
thegoodlifeGeo....Very good post...right on the money!
-------------------------------
Cheers,
ThegoodlifeGeo
"There are no secrets better kept than the secrets that everybody guesses..."
-George Bernard Shaw
OK, so I wanted to wait until the carnage was over and people had a chance to read the report before posting any comments.
First, this report is almost exactly what I (personally) expected.
Please remember, It was always called a "Preliminary" report.
The purpose of this report and the reason it is So Important is it Validates this site by an Independent, third party not affiliated with Sarissa Resources.
That was it's main purpose. Not to speculate what May be in the ground, but to validate the original reports and give an Updated Analysis of the actual site and those reports and findings.
I doubt very much that Mr. Keevil or Dr. Cheriton wanted a report with a lot of speculation about what else may or may not be there.
That will come with test drills later.
The original reports from the 1950's are wonderful, but too old for many people to consider as fact without validation in the here and now.
The Hawkins Report does mention other possibilities, but without the original cores to validate with would not be prudent to give specific information about this.
We already knew they probably would not find the original core samples (I believe Jim and or Sea had already suggested this in earlier posts).
IMHO, this report was simply to establish that the original findings are (at the very least) accurate and declare this to the World (the Mining World) and to use this report as a 'Springboard' to launch from. Any speculation of "doubling" or more that some people have mentioned in posts here is just that, speculation, until new cores are drilled and we have that info as fact. We ALL want that to be true and hopefully it is and hopefully there is more down there as well. Geology suggests this is the case. Other sites have established that with certain metals and minerals, you get others. Once new cores are drilled we will know for sure what we have.
Also do not forget we have all the other sections of this site and all the other sites (remember DeadMoose) that are just waiting to be explored.
Sarissa can now proceed with whatever they (Mr. Keevil and Dr. Cheriton) plans they see fit as the 'next steps'.
Guessing is fun, but still guessing...
One person earlier had some good points, like where will the money will come from for 'test drills'. I do not see any issues there. Whether it is a JV or acquire capitol and do it themselves, the money is in the ground and now they can actually say that with a straight face (maybe smiling a bit too).
The Need by the Entire World for Niobium (and whatever else they find down there) is just going to continue to climb. Probably the price for it as well. This is a Huge amount of Niobium they already know about and if we combine this with the other sections around this same claim then it we could have much more than we know about.
My guess is they JV with someone big. It would be quicker and easier to do a JV with a large company who has the equipment and time and money and people to put into the field right away. Time is also a factor here since this is not a part of the world with a particularly long drilling season.
That is probably what I would do in their shoes, but I am not so it may not matter, but still what I would do nevertheless...
Remember;
Scott Keevil took this job for no pay, just stock (30M shares) and he wants this to go up just as much or more than anyone.
Scott also is a well respected member of a very small mining community, he would Not take a chance in ruining his reputation and potentially his career by involving himself in this if he was not convinced that this was going to be a success.
I would be quite happy if this was worth $5 Billion...
I would say that Sarissa will be worth much more than this eventually with all their other properties and once the money starts to flow. (JV ore not...)
SO I am content that Scott Keevil has done Everything he has stated. Brought in independent verification of this site. Next the Audit will be completed, then maybe we will hear what his plans are, JV or not.
Either way I think this will go on to be a truly great find.
For us (investors) this is what we can hope for and realize in the end.
I am still not letting go of what I have (and still buying...) for a Long time.
Cheers,
ThegoodlifeGeo
"The greatest thing a man can do in this world is to make the most possible out of the stuff that has been given him. This is success, and there is no other."
-Orison Swett Marden
Funniest thing I have ever seen.................
LOL
What cemetery is this photo from?
Is this the famous "Cemetery of the Lost Day Traders"???
I would be very surprised if the people dumping this stock now could bring this down anywhere close .03
Anything is possible. It could start raining quarters (wait, I need to put out my rain barrel!!)
I say this ends up Up again today and news will be Mon-Tues-Wed...
Perhaps multiple news releases...
--------------------------------------------
MrAnderson...
.03?
There has been a long list of chartists here on the board over the last months. I'm not sure why you think you will be the first one thats right. Of course, its possible. You can see the previous chartists below...
--------------------------------------------
All JMO...
Buy a case of wine for the weekend and relax...
I have written an email to Sarissa.
I will see what they reply and post if appropriate...
Cheers,
thegoodlifeGeo
"Write the bad things that are done to you in sand, but write the good things that happen to you on a piece of marble."
Ancient Arabic Proverb
Look, Everyone...
Honest to goodness, Stop the Panicking....
All the long termers on this who are telling you to not worry are right...
This is a VERY important report (Hawk). You all want it Right, Right???
And when was the last time anyone in the corporate world came out with anything on time???
If Scott needs a few more days to get it the way he wants it, then let him have it...
There is more going on here besides the Hawk.
Do not forget that the Audit Report could be out any time as well... It will not take very long, the company is not that big...
I did Technical Audits for a living. This is Not a hard one...
The Hawk is the single most important document of Scott Keevil's new career as CEO of this company, everything up till now has just been the setup.
We already know that he says "we will be pleased" but what that means is that everyone at Sarissa is going to be Tight Lipped until this report (and probably detailed analysis of the report) actually is published for everyone to see.
This is as it should be...
If I were Scott, I would Not be leaking Anything regardless of how good it may be.
You assume that "Scott would want the PPS to be higher?"
Well, Trust Me He Does...
He also Knows it will be when all is said and done...
This is a Long Term investment with some Really Unbelievable Short-term value as well...
Something for Everyone at the SRSR Lunch Counter...
Relax! Take a Valium and give this a few more days...
JMHO
Cheers,
ThegoodlifeGeo
"None of us knows what the next change is going to be, what unexpected opportunity is just around the corner, waiting a few months or a few years to change all the tenor of our lives."
Kathleen Norris
I say Thursday...
Email is sent Before market opens, say 7am or so ET?
See how many people are paying attention...
People who are watching for it read their email then clog the internet with 'Buy' requests...
--------------------------
"Lets all guess then ..I say tomorrow thursday latest..then game on"
--------------------------
Such Great Fun...
Cheers,
ThegoodlifeGeo
"Motivation is what gets you started. Habit is what keeps you going."
Jim Ryun
By beginning of July (IMHO) 3 things will happen:
1. Hawk Report is out (this week or next?). This will show what the preliminary findings of property and recommended 'direction' for company to follow. I believe that Scott will have follow-up release as well to explain what the basic process will be followed from there. Gain even more trust from public and stockholders.
2. Audit Report Done - (IMO) I am thinking, based on other's reports and discussions with Scott and others at company, that there will be a tremendous push to have audit out quickly. This will show company is ready and able to proceed with anything necessary.
3. Other announcements about new test drills (I am thinking this will be in the report) and even perhaps talks about JV will begin. We all know by now (even new people) who Scott Keevil is and (as important perhaps) who his father is...
This may or may not be the JV that happens, but the contacts that Scott has in the mining industry are outstanding.
JMHO - Remember DD is the Key to Success...
------------------------------------
"Oh! No risk in SRSR, but can purchase back what I sold for the same price or less? What time frame will i be able to conduct this repurchase? I have until the begining of July before I must flip some back out of SRSR."
------------------------------------
Cheers,
thegoodlifeGeo
"One person with a belief is equal to a force of 99 who have only interests."
John Stuart Mill
I am a Positive Thinker these days...
I would like to read into this:
All people at Sarissa are hard at work today planning and preparing reports to issue... Making return calls will come after reports are issued...
Also, they were celebrating all night long so they are a bit tired from the case of Champagne they consumed...
But seriously, I would say they are quite busy at the moment...
Must be terribly exciting at Sarissa right now...
Our Excitement x 10 ? More?
-----------------------------------
"I was mostly calling today for personal reasons hoping to get a glimpe if I shold pick a part of the week to be traveling to see her and not miss any big news I could use it to plan my travel but I have nothing returned from the folks i called sea"
-----------------------------------
Cheers,
thegoodlifeGeo
"The only time you don't fail is the last time you try anything -- and it works."
William Strong
This is a Riot!!! I have not been on the side of the fence of having one of the Stocks (that I got into very early) for SO long...
Feels good to have people talking about this in that way...
"Could Be Another SRSR..."
Crazy, but so much fun...
--------------------------------------
Texas Ripper Says:
"if you look around ihub right now you will find the phrase "could be another srsr" all over the place. lol... and we are just getting started"
--------------------------------------
Waiting Patiently for Hawk Report...
Cheers,
thegoodlifeGeo
"Live in such a way that you would not be ashamed to sell your parrot to the town gossip."
Will Rogers
Jim,
"does anyone use td ameritrade?"
Yes, I switched to TD Ameritrade 2 years ago and I love them.
I have a resource in the company who calls me every so often to talk about things (just like a FS company) and my trades are always done quickly and efficiently.
I love them.
Fast, Cheap and people I can call if I want to.
BTW, has anyone heard from Sea? Any news on Daughter?
Cheers,
thegooflifeGeo
"Money is better than poverty, if only for financial reasons."
Woody Allen
Norton:
Just so you some people do listen...
150,000 shares at .0085
125,000 shares at .0095
Norton Said:
"I have a few that did not listen also, You can lead a horse to water, but you can't make them drink, is my answer.
I feel bad about the ones that did not listen. Honestly, I tried to convince a lot of others, but they did not get in under a .01 cent, now they think differently. I gave it my all to get some of the others in. Personally my only intention was to try and help others out, did my best, some listened, they are very pleased, the others, wished they had bought in. "
To all the great people on this board, great DD and great fun!
I do not know where this will end up, but it will end at somewhere so higher than this that we will all be talking about "remember the days when SRSR was only $1/share" and we will all have a nice laugh together...
I would be interested in a nice motorhome trip up there this Summer... Maybe a party for all the regulars or anyone interested???
BBQ at Lake Nemegosenda...
Cheers,
thegoodlifeGeo
“No one is as deaf as the man who will not listen.”
Jewish Proverb
Yes, and clever quote too!
Just found this one a few days ago on someone's mining site...
Cheers,
thegoodlifeGeo
"It's choice - not chance - that determines your destiny."
Jean Nidetch
To Sea, Jim, Etc...
I think it is a shame that flippers have started using this board on this one. I also realize that there are SO MANY day traders out there now trying to make a buck and some of them are desperate to do whatever it takes to do so.
I have No Doubts about this one.
I bought all my shares (in 2 blocks) before any of the real action started, first block even before Scott "officially" took command and then (larger block) just after.
There is no such thing as a "Sure Thing" and I am Not much of a gambler, but this one Is going to take off eventually... I just believe in this one. From having Scott in control to the great DD on this board I simply believe Believe it is going to happen. Everything is here for it to become something Great...
To all the Flippers/Day Traders: I know the urge is hard to make a quick buck, but Bugger Off will you!!! Please???
Sorry, had to get that off my chest...
This is one for the Long Haul and once all reports, new test drills, compliance, switching to another, better exchange, Audit, yada, yada, yada is finally done, we will see this stock where it belongs...
Then (Maybe) think about retiring...
Cheers,
thegoodlifeGeo
"It's a business. If I could make more money down in the zinc mines I'd be mining zinc."
Roger Maris
From what I understand, the original drill reports & logs from 'Ontario Geological Survey' are to use as a guide for the new survey being performed by Hawk.
Keep in mind that Hawk is not performing any new drills at this time, they are using the existing data from the original reports and assessing/validating the data that is there and, along with the new Survey data acquired last week, will publish a new report based on their findings and analysis from both sets of data.
This is a 'preliminary' report is what I perceive as a first step in the process to validate the finding and come up with the next steps.
The Audit is next, then getting any compliance issues resolved.
Probably more test drills will be done after this.
Then perhaps talks begin on partnering with a bigger player to plan out a mining strategy??
I believe, from what I am seeing so far, Scott is all about keeping accurate and concise communication flowing to their investors.
All of this is JMHO of course and others who are more expert here on this board can pipe in...
Cheers,
thegoodlifeGeo
I saw an old clip today that says how I feel about keeping SRSR stock until sometime Way in the future... After it hit $20/share hopefully
"From my Cold Dead Hands..."
Charlton Heston
Hi turbostech
It was actually back in February. The info is all the same for now though. I like the presentation of the market cap numbers
It's only dreaming now of course, but what if this stock does keep going... Over $1 as this report speculates... maybe well beyond that for those who stick with it...
Pleeeeeaaaase Mr. Hawk Report sir, give us all a Really Good Report!!!
Cheers,
thegoodlife
"This is a very interesting situation..."
Jimmy Stewart - It's a Wonderful Life - 1939
I know you folks have probably seen this report already, but for those who may have there was an excellent article on the 'microcapopportunity' website a while back on Sarissa.
Just thought I'd post it for anyone interested.
http://www.microcapopportunity.com/report/SRSR/
I bought my original 150,000 shares when it was still under the old ticker mggv. Wish I had bought more at that price now...
Go baby Go!!!!!
Cheers,
thegoodlife