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Thanks dmbao.
If the National Instrument confirms our numbers, I beleive that SRSR has higher tantalum deposits on its properties.
That .30 share price for CC is ridiculous.
OntaREEo what type of jump up in the pps do you think will take place when SRSR completes the 43-101 instrument?
Do we have any other models to follow? Like Commerce Resources?
I realize that we are in the midst of an economic recession/downturn at the moment and the release of the 43-101 may be adversely impacted in terms of investors being careful about buying shares in a junior miner.
Much or all Cap Expenditures can/will be raised through State
Revenue Bonds...est $15-20 million. Roger has utilized this financing
method before in the past and is very confident that we will be able to
secure it for these operations. Roger feels that we should be constructing
the mine by next Spring/Summer and could be in production late 2009.
From an investor's stand point, the permit is huge. The Institutional
Investors will not wait for production to begin before seeing the value in
the shares.
> Peter,
> Thank you for your response.
>
> After permitting, what is the next step? Has the company lined up the
> financing to conduct mining opertations after the permittting process is
> complete?
>
> xxxxx
>
>
>
>
> ________________________________
> From: Peter Genge <pgenge@encompassinc.ca>
> To:
> Sent: Wednesday, November 12, 2008 9:30:37 AM
> Subject: Re: I-Minerals
>
> Hi XXXX
>
> The stock had a brief run up over the $1 mark last December or so due to
> the results of the High Purity Quartz testing...this stuff is used in
> Metallurgical Silicone, which is used in the Solar Industry. That sector
> was very hot a year ago. When we started on the company about 3 years ago
> it was languishing around 15 to 20 cents and had a lot of cheap positions
> owned by people that were sellers. Our clients have cleaned out much of
> the overhang on this stock and were also responsible for the climb over a
> dollar. They are all holders.
>
> The company is in the late stages of Permitting the first mine (there are
> two separate and distinct mines). This process is time consuming but we
> are nearing the end.
>
> All the companies news releases and developments can be seen on the
> website imineralsinc.com.
>
> Please feel free to call myself or Mark at the office to discuss the
> latest developments. We are not in the office today but will be back on
> Thursday.
>
> Regards,
>
> Peter Genge
> Encompass Communications Inc.
>
> 604 630-0770
> 877 566-6592 toll free
>
>
This is the latest from I-Minerals IR Dept.
HiXXXX
The stock had a brief run up over the $1 mark last December or so due to
the results of the High Purity Quartz testing...this stuff is used in
Metallurgical Silicone, which is used in the Solar Industry. That sector
was very hot a year ago. When we started on the company about 3 years ago
it was languishing around 15 to 20 cents and had a lot of cheap positions
owned by people that were sellers. Our clients have cleaned out much of
the overhang on this stock and were also responsible for the climb over a
dollar. They are all holders.
The company is in the late stages of Permitting the first mine (there are
two separate and distinct mines). This process is time consuming but we
are nearing the end.
All the companies news releases and developments can be seen on the
website imineralsinc.com.
Please feel free to call myself or Mark at the office to discuss the
latest developments. We are not in the office today but will be back on
Thursday.
Regards,
Peter Genge
Encompass Communications Inc.
604 630-0770
877 566-6592 toll free
Let them sell at these prices and we will buy.
I remember in 2006 when one of my junior mining plays hit $1.00 a share before going into production. Could happen with this one next year, methinks (me hopes).
Your absolutely right airdale1, once SRSR proves up its compliant reserves and announces the next steps in the drilling process, no MM's will be able to manipulate its share price.
At some point in the future, a move to a bigger board is most likely, and at that time, a whole new set of investor eyes will be on this company and there will be no stopping it.
This all assumes that the prices for mining tantalum,nobium and the other REE's that are present, will remain high and make it feasible to mine at a profit. But, that's another story.
There is still time to buy more SRSR at these discount prices.
What about if we let Toyota purchase GM. Do we have the funds to bail out industries that are failures? Prez Obama can't afford to bail out every company that's failing.
GM had the opportunity to compete with Toyota but chose to focus on making trucks and large SUV's. Don't tell me they did not factor in $100 a barrel oil? Why not?
Forget about short term rallies and lets focus on long term trends and growth.
I am a liberal Democrat, but I don't think this country can afford to subsidize industries whose time has come to face the consequences of their stupid decision making.
We need to contact the company to determine what there doing at this point.
I've owned shares for around 5 years now and remember when the priced popped at $1.11 around 2006. Did not sell.
I'm sure the same will happen with SRSR. Though this is a much tougher market and good news doesn't translate in the pps going higher.
Made money on IMA and want to make more. Right now, SRSR is the one to be in. Can you imagine SRSR at .30 a share or what about $1.00. Yihaaaaa............
Yes, the Mod Squad don't seem to grasp that at the end of the trading day, its good to let some steam out and post some jokes.
If I were you Mooj, I would be buying up more shares of SRSR at these prices. I'm loading up and selling off more POS pinkies in my portfolio in order to have a substantial position in SRSR.
The most recent visit by Ontareeo and Homey-g to meet with Scott was a very positive development and I fully expect drilling to commence soon.
Please read through the posts.
This was a pretty big disappointment. I was riding the Rubin connection.
Ever Wonder What the three spears on SRSR's Logo mean?
It's something Alexander the Great used in battle.
The sarissa was a gigantic 16-20 foot (6 m) long double pointed pike used in the Macedonian phalanx. Its great length was an asset against hoplites and other soldiers bearing smaller weapons, because they had to get past the sarissa to engage the phalangites. The tight formation of the phalanx created a "wall of pikes", and the pike was sufficiently long that there were fully five rows of pikes in front of the front rank of men—even if an enemy got past the first row, there were still four more to stop him. The Macedonian phalanx was considered all but invulnerable from the front, except against another such phalanx; the only way it was ever generally defeated was by breaking its formation or outflanking it.
Hoplites? Phalangites? Moojer and Flies?
Anyone paying any attention to this one?
I guess its time to get out.
Your report lends so much credibility to what SRSR is accomplishing. Many thanks to you and homey-g for making this trip and keeping us posted.
DownsideUp said it best, when he/she said, that SRSR is following its own timeframe for getting the drilling done and getting the reserves compliant. We are on our Xmas time frames.
OntaREEo what did you mean when you wrote:
"Scott and crew were working on essential matters outside of the project’s primary path, and made huge and critical progress. "
Cheers,
D
Thanks for the update OntaREEo.
If Scott does go with this second drill crew, any idea as to the timing on the beginning of drilling? What about financing of the mining, a JV etc.
Did you get any other info from Scott?
Cheers,
D
They can only fool us some of the time, and then we go on our merry way.
No animals or children are harmed in the process, so we place our bets on the table.
PM me with your other scam stocks!
Cheers,
D
We know its a scam. The issue is the momentum and buying it at .0001 and selling it at .0003.
Pinky investors make $$$ of scams. The trick is to be one of them. An investor that profits, that is.
Good luck to us all.
But with the r/s coming, why is that good news for RMDM?
OK. Bought up 267K at .009.
Will be buying more shares I hope, BEFORE the drill results are announced. This is one fabulous shopping spree for SRSR. Get these bargain shares while you can.
Cheers,
D
Anyone out there?
What happened to this stock?
Sorinksy,
Alaska calls to thee.......
Go join your mate Palin and freeze your sorry ass off.........
Bush the Marxist, has provided the biggest bail out for the banking industry with the support on that Marxist/Leninist MCcain.
After 8 years of deregulation we are in a recession. Looks like the Rebooblican Partee has already screwed things up.
Those drill results and the issuance of the National Instrument should propel the pps upwards.
These are exciting times for SRSR and its longs.
Drilling Update on Sarissa's Nemegosenda Carbonatite Property
Wednesday November 5, 9:45 am ET
BAY CITY, MI--(MARKET WIRE)--Nov 5, 2008 -- Sarissa Resources, Inc., ("Sarissa" or the "Company") (Other OTC:SRSR.PK - News) is pleased to announce that a contract has been arranged for an initial fall diamond drill program on its Lake Nemegosenda Carbonatite property. The property comprises approximately 4800 acres (1800 patented, and 3000 contiguous acres staked in 2008) in Northern Ontario. The property is easily accessible off of Highway 101 between Timmins and Chapleau, Ontario.
ADVERTISEMENT
Extensive exploration and development work was conducted by Dominion Gulf Company ("Gulf") in the late 1950s and 1960s, including ~35,000 feet of diamond drilling, and expenditures of ~$1,000,000 in metallurgical testing in conjunction with the Colorado School of Mines Research Foundation. In addition an adit was driven 580 feet into the main ore body, and Gulf calculated the reserves in the main D Zone to be 20,000,000 tons of 0.47% Nb2O5 in an area of 600 feet by 800 feet and to a depth of 600 feet*.
The current drilling program has been designed to test this historically reported niobium inferred resource, which has been subsequently written up in numerous Ontario Geological Survey reports.
Drilling is core at an NQ diameter initially. A program will be followed to ensure that samples are properly taken and recorded and a secure chain of custody is maintained between the drill and the labs. Assaying will be conducted at a certified laboratory.
Sarissa president Scott Keevil commented, "This is an exciting time for Sarissa. We have already confirmed similar assay results to Gulf's from samples taken from inside the adit, and within a short time frame we expect drill results which will move us closer to getting an independent National Instrument 43-101 compliant mineral resource statement prepared."
Look at SRSR go!
I'm a bit blurry after drinking too much champagne last night! But, what's going on here! Whatever it is, the days of cheap shares maybe behind us.
Rain,if the merger closes this Friday, do they have the funds to start building immediately?
Do they need to raise more capital?
Your prediction of the share price at around $2 to $5 in 6 months, what is that based on?
Cheers,
D
hee hee Wasillia hillbillies looting Neiman Marcus....that's a good one......
Dont be making fun on the new face of the Republican parteeee.
Better visual than MCcain greeting ya just wearing a towel.
NO DRAMA OBAMA wins in PA and OH Hi O and I O WA ..............looks like he's got VA in the win column too.............to da moon baby weeeeeeeeeeeee
Come on Dances, cheer up dude. Pick a side, will ya.
People feel free to spew all sorts of garbage on these boards.
I'm hoping that its some teenagers posting and not adults.
GO Obama, go. No on Prop 8.
Yeah, but the Bushites subsidize the entire industry that caters to the military. We also have other forms of corporate welfare.
It's our money, I agree. What are we going to spend it on?
We have a difference of opinion. I just want the economy back on track and my stocks in the green.
But, I'm not against granting people welfare. Sure, I wish that more folks worked.
You must be refering to the ex-bank CEO's that the bail out money is supporting.
Billions of our hard earned dollars (to be printed) subsidizing the investment banking community.
Dem normal peoples will be voting for the Barack O, too.
Just like us professionals peoples did.
So, sorry for the pain you are feeling, dude. I was miserable too 4 and 8 years ago.
I think its interesting to see all these posts from the multitudes.
Racism and stupidity are out there, my friend.
But, it could be some 13 year old boys and girls posting.
Pontalba,
You and I are in agreement for once. Bullieboy is a 13 year old red neck wannabe.
Go BLDV and Go Obama.
Hee hee that's right the dude is a lady now.
I saw her/him in San Fran and we made out!
It's gonna be OK dude.
Give him a chance.
Looks like your brain is infected with dem cooties dude.
Come on down and have a drink with me and celebrate BO's victory.
Yeah, I know Cali is bigger than San Fran.
Sorry dude, you will be miserable tonight. Who will you blame for all of your problems? The blacks, the Gays, the Jews????? Whose to blame? That's your game.
Rejoice America, hope is on the way!