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My opinion is a very positive one.
I just finished reading the Hawk report. It confirms what I envisioned geologically. Mineralization occurring around the cork (core).
I'd be interested to see if they can find the same type of mineralization on the west side of the intrusion as well, though it may be covered by lake water. If the same clastic-carbon rich sediment is on the west side (almost 100 percent chance that it is) then niobium mineralization likely occured on that side as well at a given temperature and pressure.
Someone should measure the contact distance of where the Bright orange meets the lighter orange(on both sides of the lake) using that scale in the bottom right . If you look closely, you can see that this is a "dome" feature and extends to the other side of the lake. Then measure about half the width of the bright orange and multipy them together for a rough square footage measurement. Once the assay results come back from the core logs, you'll then know your depth parameter and can estimate total quantities of potential niobium (best case scenario estimate) across the entire contact zone.
OntaREEo...
I got your note, but I'm unable to respond to your PM. I sent the individual you were asking for an email. I'm not sure if he has a specific question about the subject.
It's been a great few days for GNTA...
Orphan drug designation for Tesetaxel, 2 new patents, great results from the Phase III AGENDA trial...pretty incredible.
I'd bet my entire investment...
...that the Gulf logs were done visually, for the most part. That's what was so impressive to me. The Geologist logging thousands of feet the way he did, visually. The detail was amazing.
I don't think Gulf mass spec'd thousands of feet of hard rock. It's just too expensive to do that.
I agree 100%.
Oh of course!
It wouldn't be illogical for someone to find elemental niobium (however, highly unlikely...but certainly possible!).
I'm just speaking from an investors perspective. I can't visually see any niobium. I can see other minerals which look promising to the presence of niobium and some spray paint and smiling faces.
I hope this stock goes to the moon just like everyone else.
Based upon the visual evidence of the minerals clearly visible within the mine..
I agree 100%. It looks very promising.
It's an estimate...
and yes, concentrations of elemental anything can vary across any distance...even an inch.
No one can say that their are huge niobium deposits down there without analytical results. Otherwise, why wouldn't Sarissa just claim that they have a huge niobium mine? They know you have to test the material to find out what it is.
I do think it's very encouraging to see associated minerals!
Because you can't see 0.46% of any mineral in any rock. You can see other minerals like the iron enriched feldspar, the quarts, the biotite/hornblende, pyrite, etc. Seeing those minerals present is encouraging, but we'll have to wait for some sort of assay results to understand what's currently present in that mine. Some spray paint on the walls shouldn't convince you of anything.
Oh, most definitely. My point in using the word "trace" was to illustrate the fact that you simply can't look at the mine and determine whether or not 0.46% of ANY element is present. The percentage is too small. You can, however, determine other minerals with the naked eye (which I listed in my prior post). Those minerals are commonly associated with niobium.
cmzio...
...you're acting as if I haven't done my DD on this company and this project in particular. You're going to need to read my past posts to get yourself caught up.
I'm a licensed professional Geologist who is just goofing around in the stock market...not some stock market guru goofing around in Geology.
That's awesome, I hope with all my heart that they strike the largest elemental niobium deposit this world has ever known! Afterall, I am a shareholder with 19,000 shares @.0014.
Since the niobium on the site is said to have been trace elements (small percentage of each sample of a rock), it's going to be be pretty damn tough to look at those pictures to determine whether or not there's niobium there. What I can pick out is iron rich potassium feldspar, quarts, trace pyrite (gold sheen), and some darker minerals like biotite and hornblende.
Those minerals being present is a very good sign for Sarissa and their search for niobium.
Read my last few posts and you can ask some more questions. Overall, I don't see anything that would lead me to believe that there is mass quantities of niobium present in that abandoned mine. However, what I do see (or think I see without a hand lens to look at cleavage planes) are several minerals that form in the same environments as niobium. Obviously, different minerals form under different environmental factors such as pressure, time, temperature, etc. The minerals in that mine look to have formed in the same type of environment you'd fine niobium.
My thought is, if the Gulf Geologist was saying there was Niobium in the core logs, and this abandoned mine shaft shows mineral deposits of the same environmental influence, it's going to be pretty likely that they'll find niobium. The question will remain just how much.
Let me know if you have any specific questions.
Howard, that's me.
So...
...the spent hundreds and thousands of dollars in the 50's to dig this mine, specifically for niobium, yet never mined any out?
I don't think this mine shows any indication of mass quantities of niobium.
What I do think it shows are the minerals that form in the same environments as niobium, which is encouraging.
Who dug it and when?
Alright...
...number one, this mine is very, very old. Number two, do you think that whoever took the time and effort to punch this line into the side of this hill would've left anything as crazy as a huge gold or rare metal vein sitting there right in front of their face? Come on man, get with the program.
What is encouraging, however, is that there appears to be potassium feldspar and even some trace pyrite mineral deposits (goldish sheen). The reddish veins you see everywhere is extrememly likely to be k-feldspar. Again, you can also see what appear to be pyrite flakes (commonly called fools gold) scattered throughout.
Niobium is known to form in the same types of geologic environments as these two minerals.
Looking good.
I was trying to get filled...everytime I put in an order, the price jumps up.
Doberman, there really is no "significance" from a mineralogy perspective...
I only gave that example to illustrate the scrutiny the Gulf Geologist put into the work while logging the intervals. He really put forth some time and effort into getting it right. What's more amazing is that he was consistent for thousands of feet of core data.
You really can't have an appreciation for it until you've done it.
Doberman,
It's not so much the mineral makeup in the logs as it is the thoroughness (and eventual proven accuracy) of his logging. Let me explain to you how logging works in the field really quickly.
Driller drills hole. Driller pulls out core and hands it to his partner. Partner uncaps core rods. Geologist marks depth intervals. Cores are split. Geologist logs what he sees.
Now, what was amazing about what this geologist logged is the detail of what he wrote. I can see him standing there for days and days logging with precision what was in the ground at those intervals. It HAD to have taken that long. I can see him sitting there now with his hand lens (little magnifying glass) and scrutinizing the cores. He couldn't have done it any other way, because it's nearly impossible, for example, to distinguish Biotite from Hornblende with the naked eye. Just open his log file and look what the man did. He did this for THOUSANDS and THOUSANDS of feet, only to have his field VISUAL logs determined by something as complex as x-ray diffraction or mass spectrometer.
Anyone who has ever logged a core can tell you that it doesn't get any better than what that geologist from Gulf did in the 50's. Go look for yourself. It's really amazing and I can see why Sarissa is so excited about the property. They practically know already what's sitting in the ground.
This Geologist was the real deal.
http://www.sarissaresources.com/media/Gulf_Drill_Logs.pdf
I'm not a flipper. I can't flip stocks. My wife works in GCIB for one of the largest banks in the world, and as her affiliate, I have to hold stocks for 30 days.
That's where my name comes from.
Sure, ask away. I'd be happy to answer questions where I can. If I don't know the answer, I'll just tell you I don't know the answer :)
Yeah, I think those are used in soil drilling, where the substrate is softer.
In my experience, those "tubes" are a clear poly plastic that you can cut to open with a special tool that has 2 razor blades on the inside and a handle. You can't use them to drill through igneous rock...it's too hard and shreds the tube.
Google "Geoprobe" and you can learn more about it.
<img src="http://www.geoprobe.com/images/i_products/i_accessories/dt32linercutter2.jpg">
Well, it's really not all that scientific, but the idea is to get an "undisturbed" sample. Meaning that you don't stress the substrate. You want to make sure you're logging the right material at the right intervals. That's why, with hard rock, you see them sawing the cores in half. What's in the inside of the core hasn't been stretched or strained during the drilling process.
Basically, you start at the overburden (leaves and shit). There are several types of drills, but for core samples, you use a hollow sleve that is split across the center and flaps open (the sleeve is 2 pieces...looks like this ()
They are probably using 15 foot sleeves, but they come in different lengths. The first sleeve is drilled into the ground by the hammer. It goes pop, pop, pop, really fast and drills that bastard into the ground. Picture sticking a straw into some mud....mud goes inside, mark off the foot intervals, log what you see when you split open the sleeve.
Then you put the sleeves all back down the hole, screwing them back in to one another (there is a male and female end on each sleeve). Push that thing down another 15 or 20 feet, pull it back out, split it, log it, do it all over again.
It's not very scientific. The part that takes the longest time is the analysis of the ppm of each mineral in a sample(ppm = parts per million).
Getting degrees....
...and getting through a lot of school just shows that you have the ability to work through a problem. You have the ability to have a situation, look at the available information, form an educated guess, then work in a direction while making the right decisions to reach an answer. School isn't a waste if you're not using your degrees, you're using what you learned to come to your own educated conclusions each day.
I don't know where this thing is going to go...
...but what I can tell you is that G.E. Parsons was a damn fine Geologist. The notes he took...it just doesn't get any better than that in the field.
I'm not joking...
...that stuff is doctoral level mineralogy.
Haha, it's really hilarious.
One thing I CAN tell you is that I've logged hundreds of thousands of feet of down hole core data. Those notes taken by the project geologist from Gulf back in the 50's were simply amazing. The detail is flat out the best I've seen.
Ron is still on board as of 2 days ago.
Am I the only Geologist here that is invested?
Geology/Geochemistry BS 2001
Figured I'd get in on this when I saw it, sounded like a fun play. I bought in at .014 just for giggles, then what do ya know...this baby starts hopping!
I knew that Geology degree would eventually pay off. ;)
GNTA Play of the Year
No one knows what the reason for non-approval was, as this information has not been released by the FDA. It could have been something as simple as clerical errors in paperwork, or something as crazy as facilities and their ability to produce the drug consistently and precisely.
Whatever the reason was, Genta leadership is going to sit down with FDA leadership to discuss the issues of the new drug application.
You can see from the approval of Ganite and the Orphan designation of Tesetaxel as recently as this week, that Genasense has a great chance of also gaining approval. After all, they all work in similar fashion to treat disease (Antisense Technology).
I think the FDA may want some more data, but this drug is HARDLY going to be thrown away and the project scrapped. Genasense exceeded endpoints by large margins and proved to be just as safe as chemotherapy alone.
Genasense will be approved. Get on board.
Now THAT is the chart you want! Looks perfect!
Huge jump for MOBI this morning. What's that all about?
I think differently...
I think it's to get people to start paying attention to GNTA, so that the buyer pipeline is ramped up when the Genasense news hits.
Rocket Ride.
Talk about undervalued. Look at the news releases the past 4 days.
If this is followed up by big Genasense news, we are going to be very, very happy people.
Beach, probably because...
The FDA has a performance metric that measures how quickly they respond to appeals. Their target is 30 days from submitted appeal...that would be Friday.
Of course, we all know that targets are just targets. If they don't have what they need, they'll be ok with not hitting that goal date.
Can someone please explain this to me?
I guess I'm new to this so I don't understand, but HTF does GNTA have millions upon millions of buys every 2 minutes and ONE minute of a few thousand selling off and the stock price drops.
I'm sure there's a simple answer, but I'm starting to get a little irritated here.
I don't know but it's pissing me off! LOL
Good lord what else needs to happen????