Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ripper....Didn't miss a thing. Really kind of a boring day here....NOT....How was your big day back?
SPARK..."Yep while you were at your cushy job we slaved away here~"
GOOD ONE!!!
goforthebet....Yes, I added, but not enough!...LOL...It's never enough when the stock isgoing up....GLTY....Jim
Mr. T. Dick....You stated:
"No, Keevil wants SRSR to have a low, lets's say 7 million market share, enough to pay for the drilling and testing for the next 18 months."
"You know what a 100 million dollars in market cap loss means? Widows and pensioners picketing his dad's office.
Do you know what a 7 million dollars in market cap loss means? Hardened pink sheet investors shrug and look at their other plays."
"This means if the market cap is 7 million that the share price should be around 1 cent. And in my opinion this company's share price will be 1 cent soon."
Your entire post is such utter nonsense that no words can adequately refute your more than preposterous claims. Just what constellation do you come from?
Planet Earth calling Mr. Dick...Come in, please!
Thank you so much for the very refreshing belly laugh. The entertainment value of your posts are really improving and I encourage you to keep this up. In my opinion only a real fool is believing any of the clap trap coming from you, but best of luck to you and yours anyway. I'll be waiting for you at a penny....BWAHahahahahah.....Jim
Majic..."Jim, downsideup's fabulous post is not wasted on those of us who who do not have the knowledge and/or the time to research all aspects of our investment in Sarissa."
My comments were not directed at shareholders like yourself - rather a certain Mr. Dick..GO SRSR!
OntaREEo..."Faith and patience = big profit. Sell and kick yourself the rest of your life!
Nicely put, Jim, might make a good T-shirt!"
I wear mine to work!
goforthe bet...."Nice one"...LOL.....JIm
goforthebet...."Steel demand will be up 14% after 33% drop in ‘09"
I thought that Mr. Dick said that the price of niobium would go down as the steel demand will be down. How can this be? Could Mr. Dick be in error. OMG, the world is coming to an end....Thanks for the great DD.....Jim
downsideup....That was a classical masterpiece!
Tremendous post that is probably wasted on the subject of your efforts. I believe that you nailed the issue with "price" being a secondary factor to the steel suppliers. Yes, since the amount/cost of the niobium to the steel producers is such a low percentage of the cost to manufacture the finished product, dependability of supply and quality of product takes on a more significant bent in the equation. Thanks for putting to rest the rants of the agenda driven!
Pdog...."Sell and kick yourself the rest of your life!....."
I said this only because I have lived thru the experience. I bot NG when it was still a Pinkie. I paid 22 cents and sold it at 45 cents - Later was in the dollars. Won't make that same mistake again with a quality company like Nova Gold. I am convinced that SRSR has dollars in its future. I am betting on this and making the commitment....Jim
OntaREEo....Great post as per usual.
Folks, there are not many folks around here that know Scott's plan better than OntaREEo. This phase that we are in should be the most exciting and profitable as we expand the resource and the PPS adjusts upward. Faith and patience = big profit. Sell and kick yourself the rest of your life!.....Jim
doberman...I have no idea that my spelling is correct for "doofiss". Really don't care as I am trying to get across a point about SRSR's economic viability and one lame poster's misuse of facts and data to serve a negative agenda.
It really appears as though the independent sources have strongly indicated economic viablity and Mr. Dick hasn't. End of story.....Jim
PS Correct on the buying op!
Smooth...In reference to Mr. Dick's post you said:
"Is this not a reasoned post?
Is not the grade and amount of Niobium that srsr owns sufficient to get to the mining step?"
No, it is not a reasoned post! Yes, the grade and amount of Niobium that srsr owns is more than sufficient to get to the next mining step. The feasibility study is important for us to complete as it will allow the company to get bank financing for the mining phase based upon the stats derived from this very important step. Scott already has a sound grasp on the economics of the deposit. You don't throw $1.8 at a drilling program unless you know the financial feasibilty.
Where Mr. Dick is totally wrong is in his insistence that Scott is really in the dark concerning the profitability of the deposit and there is doubt about the economic profitability of the grade. Absolute rubish!!! We have had 2 independent studies so far that have been completed by independent geologists that are recognized by the Province of Ontario as "Qualified Persons". In each study, the recommendation from these learned men were to proceed to the next step as there are strong indications that the deposit is economical. Trust them or trust Mr. Dick. Who has the agenda here and who is more qualified????
One of the main purposes of each study was to give an outside opinion on the economic feasibilty of the deposit. To date there is no indication whatsoever from any experienced, qualified source that there is any doubt that Sarissaa has an economically feasible deposit at today's prices. The call for the future is for a steady increase in the demand for Niobium and that translates to even higher prices.
What are Mr. Dick's geological qualifications to make such a profound and contrary statement concerning the deposit. The two most recent author's of studies on the deposit both disagree with Mr. Dick's negative conclusions.
So please take what Mr. Dick is dishing out with a grain of salt as this very smooth basher is planting fear and doubt into your hearts and minds to create an even greater discount in the price. Get a grip folks and do your own DD. I have and really enjoy rebutting these quasi knowledgeable mining people. They know enough just to scare most of you out of your stock. You really think this doofiss is here to help you? PLEASE....Give me a break!
If you want the real poop, dig into the historic reports on the property and the 2 recent reports. Trust the independent geologists and not some agenda crazed, basher and you will be able to sleep better at night and actually make a ton of money in the future on this stock...IMHO.....Good Investing...Jim
Sat15...Semper Fi!....Roger out.
ENoxion....Great - that's why I did it. Just about had enough!
sea...Great hearing from you and happy to have you back. You were missed and am sure that Scott will be happy to talk with you. Don't be a stranger....Jim
deli...."I wonder if we have any lawers on the board that would like to bring some kind of suit against Mr Dick."
I don't know if there is a case here, but it is obvious to me and most others what his motives are.
Dear Mr. Dick....I believe that you are off the mark and have a serious agenda for lower prices here. Allow me to refute your post - part of which I reproduce to clarify what I am referring to:
"Why are there no buyers for SRSR shares? Because we just went from 2 cents to 20 cents to now 8 cents. In my opinion SRSR showed itself to be just another pump and dump share.
Some might say, what about the niobium and the NI report. What about it. Niobium is everywhere.
Look at this company in Brazil looking for investors to mine the NEWEST biggest niobium deposit in the world. How many companies are now looking to join the already oversupplied niobium market?"
Your premise that SRSR is a P&D is absolute absurdity. Your basis for this is what? No explanation can be given as this company is on the meek side of humble in blowing their horn. All the PR's contain a very conservative and low-key presentation of the facts without hype, gross projections, or unfounded statements. Your comments are inflammatory, without merit, and may have grounds for legal action against you and your ilk. But heh, it's only my opinion!
Next you state that "niobium is everywhere" and that the market is oversupplied. What fruit truck have you fallen off? Allow me to dispell this line of fear mongering by quoting from the National Instrument 43-101 that was authored by John C. Archibald - P. Geologist and a "Qualified Person":
"Ferro-Niobium prices increased sharply from mid-2007…By May 2008, spot prices had risen to US$39.70-41.90/kg (US$18-19/lb), with producer prices at US$35.30-36.40/kg (US$16-16.50/lb). In November 2008 a benchmark contract price of US$43.00-46.00/kg (US$19.50-21/lb) was reported. Prices remained at that level in early 2009.
It would be natural to expect such a large increase in prices to be only temporary, particularly during a time of severe global economic downturn. Prior to 2007, Niobium prices had been flat for some years and thus falling in real terms. The Roskill Report does not share that view. At the same time, demand was increasing and producers were expanding capacity accordingly, probably at considerable expense. An adjustment to the benchmark price at some point was inevitable. Roskill has obtained independent opinion on future pricing from within the steel industry and considers that ferro-Niobium prices are likely to stay at about the level seen in late 2008 and early 2009.” “It is to be noted that ferro-Niobium is consumed in very small quantities and that, even at the new higher price, it forms a very minor component of steel production costs.”
Here's another quote out of the NI 43-101 that should put your malicious attempts to rest":
"The Economics of Niobium, 11th edition 2009
Growth in the global Niobium market has been remarkable during the 2000s and was particularly strong from the middle of the decade. That growth came to an abrupt halt in 2008. In their core markets, such as HSLA steels for natural gas pipeline, the automotive sector and major construction, and in super alloys for the aerospace and power generation industries, Niobium producers and processors saw past rates of increase in demand come to a stop during 2008, in common with most other industries. The first half of 2009 will probably prove to be no better. After that, demand for Niobium will return to a healthy long-term growth trend. Market segments where Niobium is well-established, and often has no substitutes, will continue to expand and new niches for Niobium will continue to be developed"
Now for all you newbies out there who are buying this blatant attempt at scarring your shares away from you, who would you rather believe - Mr. Dick, a talented fear mongeror or the author of the National Instrument report who has a lot more experience, knowlege, and professionalism?
I am keeping my stock, buying more on these breaks, and putting Mr. Dick on ignore. If you want to remain, I suggest you do the same. With the exception of the occasional ignorant basher, It's all good!!!!...Jim
Thanks ripper....That's what I recall reading. Guess he left working for Gulf in 1947 and started then working on the copper deposit.
ripper...."cause nemogosenda has been a 'family secret' since grandpa keevil helped discover it in the 1950's!"
I believe that Grandpa Norman left working as a consultant for Dominion Gulf in 1948. I think that he had his hands full in the early 50's proving up the biggest copper deposit in Canada's history. My guess is that Grandpa Norm and G.E. Parsons (Red Parsons) that was one of Gulf's crackerjack P. Geologists working on Nemegosenda property then were buds and shared a lot professionally. Maybe OntaREEo knows the real story on how the family got wind of this elephant deposit as he knows Scott fairly well.....Jim
mick...I won't touch that one. You know more than I about it. SRSR needs to focus on Nemegosenda and not partnering up with low capitalized companies. If we partner with anyone on nemegosenda, it will be with a well healed entity...Jim
LowFlyer....Great post!!!
Hi Mick...."have ya followed gdsm? two may come to be one."
No, I haven't followed it much as I stick to the more proven gold companies. SRSR is my only real speculation and, knowing what most of us old timers know about the stock, it isn't much of a spec as they got the goods in the ground.
"Two may become one" - Hope you're not referring to a merger of GDSM and SRSR as I see no advantage whatsoever in that merger for SRSR. Although that would be a real benefit for the newly forming Pink Sheet gold stock GDSM.
the cork...One Betty Ford mug coming up.
ripper...."youll be able to afford the betty ford clinic soon"
That would be my choice!
alan0701....Good post...
I follow Alan as he has picked some good stocks. He also runs a hedge fund and could have had a hedge fund position in SRSR. I noticed that his first profit taking point was at 20 cents. Looks like he called that one fairly well!
I don't know where he/the fund got back in, but his second profit point is 38 cents. This stock is getting more attention as we get more credibility through hard work and doing the right things miningwise....Jim
ripper....Just ready to step out for a little Molson to celebrate the Ni 43-101. This will make 2 nights in a row. If they keep cranking out these reports like this last one, I'll end up in rehab....Go SRSR...Jim
SPARK....Forgot to say that the $23.7 BILLION is a "good Day" in the life of our little mining company!
dale1953....You are most welcome!
konastitch....Appreciate the comments. We got a real good thing going here - no flash in the pan. I love my little Sarissa!....Jim
jim6103 Date: Saturday, August 01, 2009 1:43:42 PM
In reply to: None Post # of 64706
The NI 43-101 report that hit the street this past Monday was a tremendous work. It is a technical read and certainly adhered to the National Instrument protocol. Suffice it to say that Sarissa got its monies worth. The most salient features in summation is that the report:
1) Confirmed all the old data from Dominion Gulf, the Ontario Geological Survey, and Musto Resources.
a) Regarding GE Parsons - Dominion Gulf:
"G.E. Parsons Dominion Gulf directed and was instrumental in the success of the programs. Mr. “Red” Parsons was an extremely well regarded geologist and very professional in the reports accreted to him and his work shows a high degree of thoroughness and competency...."
b)Historic work of Ron Sage for the Ontario Geologic Survey on the Lake Nemegosenda property:
"Ron Sage, who worked for the Ontario Geological Survey for many years until his retirement recently, petrologically and chemically analyzed over 100 samples, with 72 being from drill core. His report #32 from the Open File series was taken in part from his thesis study of the Nemegosenda Calc-Alkalic Carbonitite Complex. Sage summarised the rock types in his Geology Map of the area in 1987. The following notes are considered to be very important for the understanding of the Niobium mineralization within the Nemegosenda Lake Calc-Alkalic Complex."
c))On Musto Resources, Inc.'s work on the property in 1988 - follow up and re-assay of the Dominion Gulf drillings (9):
"In 1988 Musto Explorations Ltd., under took a program of re-assaying nine drill holes cores from the ‘South-East’ Area, the results of which show that the overall results closely match those the 1955/56 drilling program.(see Core Re-Evaluation, Assaying of the ‘South-East’ Area report). Musto was primarily interested in the South-East Area as there had been reports of anomalous assays of Rare Earth mineralization. Their focus was on the re-assaying of some of the drill core from this area, to test for economic levels of rare earth mineralization."
2)Total Hawke Zone resource of 45,265,285 tonnes of .43% Niobium:
Indicated resource - 11,000,000 tonnes of .46% Niobium
Inferred - 20,022,058 tonnes of greater than .50% Niobium
Inferred - 14,243,285 tonnes of .43% Niobium
Total resource in the Hawke Zone - 45,265,343 .43% Niobium for a total of 111.6 million lbs Niobium in the indicated category, 220.7 million lbs Niobium grading greater than .5% inferred and 135 million lbs. Niobium inferred at .43%.
3)Delineation of the SE Zone resource:
"The re-evaluation of diamond drill results from the South-East Area indicates that there is a potential resource of 0.35% Nb2O5% contained within the area of 700 x 250 metres to a depth of at least 200 metres."
The projected (not proven) resource here is calculated at 756,177,800 lbs. of Niobium. This is only the beginning in this area as the resource is open at depth and laterally.
4)Confirmation of old data from the 2008-09 drilling by Sarissa, existence of REE's, and the potential for a bigger resource:
"The results confirm the historical drilling statistics. The weighted average grade of 46% of all historical as well as recent assayed drill core is greater than 0.50% Nb2O5. This also confirmed Sarissa’s belief that the ‘D’ Zone may contain an economic potential of Niobium mineralization, Rare Earth elements and other related accessory mineralization. It is also noted that the Niobium mineralization appears to extend eastwards and beyond a depth of at least 260 metres from the previous drilling."
5) The property has resources that justify a larger resource development program:
"A number of the historical reports are referred to in this report are acknowledged within this report; and are used to reinforce and support the data and historical grade and resource calculations for the Niobium mineralization found to date by previous exploration work demonstrate that this property has economic potential in the areas known as the ‘D’ and ‘South-East’ Zones. It is my opinion this property has sufficient merit to justify the expenditure of the amounts indicated by the two phases of work recommended shown in the back of this report."
Conclusion:
The present report PROVES up a resource (45,265,343 tonnes of .43%) that is 2.3 X larger than the historic resource of 20,000,000 tons of .47% Niobium. We presently have 429.1 million pounds of indicated and inferred Niobium resource. The report "delineated", but not proven as yet a further potential resource in the SE Zone of 756.2 million lbs. of Niobium.
The total proven and delineated so far for both zones are 1.185 Billion pounds of Niobium. The resource still needs to be expanded upon in both zones as there is potential to prove up an even greater amount than this present mammoth amount.
The report also gave us data on Niobium prices. It is appropriate to use $20/lb. as that appears to be the closest account of pricing in this guarded price market.
The total value so far of the property adding the indicated, inferred, and "delineated" resource of both zones would give us a value of $23.7 Billion.
The next 18 months will be a lot of fun and excitement as Sarissa drills up more Niobium resources, uplists to another exchange, possibly forms a partnership/JV with a group/miner/other concern that will push us into the realm of a mid to larger size mining company.
We are quickly evolving from a Pink Sheet, exploration company to a full fledged junior mining resource development concern. Our little girl is growing up and soon she'll be out of the house and on her own making millions for her dear old dad....happy investing .... It's all good...Jim
The NI 43-101 report that hit the street this past Monday was a tremendous work. It is a technical read and certainly adhered to the National Instrument protocol. Suffice it to say that Sarissa got its monies worth. The most salient features in summation is that the report:
1) Confirmed all the old data from Dominion Gulf, the Ontario Geological Survey, and Musto Resources.
a) Regarding GE Parsons - Dominion Gulf:
"G.E. Parsons Dominion Gulf directed and was instrumental in the success of the programs. Mr. “Red” Parsons was an extremely well regarded geologist and very professional in the reports accreted to him and his work shows a high degree of thoroughness and competency...."
b)Historic work of Ron Sage for the Ontario Geologic Survey on the Lake Nemegosenda property:
"Ron Sage, who worked for the Ontario Geological Survey for many years until his retirement recently, petrologically and chemically analyzed over 100 samples, with 72 being from drill core. His report #32 from the Open File series was taken in part from his thesis study of the Nemegosenda Calc-Alkalic Carbonitite Complex. Sage summarised the rock types in his Geology Map of the area in 1987. The following notes are considered to be very important for the understanding of the Niobium mineralization within the Nemegosenda Lake Calc-Alkalic Complex."
c))On Musto Resources, Inc.'s work on the property in 1988 - follow up and re-assay of the Dominion Gulf drillings (9):
"In 1988 Musto Explorations Ltd., under took a program of re-assaying nine drill holes cores from the ‘South-East’ Area, the results of which show that the overall results closely match those the 1955/56 drilling program.(see Core Re-Evaluation, Assaying of the ‘South-East’ Area report). Musto was primarily interested in the South-East Area as there had been reports of anomalous assays of Rare Earth mineralization. Their focus was on the re-assaying of some of the drill core from this area, to test for economic levels of rare earth mineralization."
2)Total Hawke Zone resource of 45,265,285 tonnes of .43% Niobium:
Indicated resource - 11,000,000 tonnes of .46% Niobium
Inferred - 20,022,058 tonnes of greater than .50% Niobium
Inferred - 14,243,285 tonnes of .43% Niobium
Total resource in the Hawke Zone - 45,265,343 .43% Niobium for a total of 111.6 million lbs Niobium in the indicated category, 220.7 million lbs Niobium grading greater than .5% inferred and 135 million lbs. Niobium inferred at .43%.
3)Delineation of the SE Zone resource:
"The re-evaluation of diamond drill results from the South-East Area indicates that there is a potential resource of 0.35% Nb2O5% contained within the area of 700 x 250 metres to a depth of at least 200 metres."
The projected (not proven) resource here is calculated at 756,177,800 lbs. of Niobium. This is only the beginning in this area as the resource is open at depth and laterally.
4)Confirmation of old data from the 2008-09 drilling by Sarissa, existence of REE's, and the potential for a bigger resource:
"The results confirm the historical drilling statistics. The weighted average grade of 46% of all historical as well as recent assayed drill core is greater than 0.50% Nb2O5. This also confirmed Sarissa’s belief that the ‘D’ Zone may contain an economic potential of Niobium mineralization, Rare Earth elements and other related accessory mineralization. It is also noted that the Niobium mineralization appears to extend eastwards and beyond a depth of at least 260 metres from the previous drilling."
5) The property has resources that justify a larger resource development program:
"A number of the historical reports are referred to in this report are acknowledged within this report; and are used to reinforce and support the data and historical grade and resource calculations for the Niobium mineralization found to date by previous exploration work demonstrate that this property has economic potential in the areas known as the ‘D’ and ‘South-East’ Zones. It is my opinion this property has sufficient merit to justify the expenditure of the amounts indicated by the two phases of work recommended shown in the back of this report."
Conclusion:
The present report PROVES up a resource (45,265,343 tonnes of .43%) that is 2.3 X larger than the historic resource of 20,000,000 tons of .47% Niobium. We presently have 429.1 million pounds of indicated and inferred Niobium resource. The report "delineated", but not proven as yet a further potential resource in the SE Zone of 756.2 million lbs. of Niobium.
The total proven and delineated so far for both zones are 1.185 Billion pounds of Niobium. The resource still needs to be expanded upon in both zones as there is potential to prove up an even greater amount than this present mammoth amount.
The report also gave us data on Niobium prices. It is appropriate to use $20/lb. as that appears to be the closest account of pricing in this guarded price market.
The total value so far of the property adding the indicated, inferred, and "delineated" resource of both zones would give us a value of $23.7 Billion.
The next 18 months will be a lot of fun and excitement as Sarissa drills up more Niobium resources, uplists to another exchange, possibly forms a partnership/JV with a group/miner/other concern that will push us into the realm of a mid to larger size mining company.
We are quickly evolving from a Pink Sheet, exploration company to a full fledged junior mining resource development concern. Our little girl is growing up and soon she'll be out of the house and on her own making millions for her dear old dad....happy investing .... It's all good...Jim
dmbao....I am working on a more complete observation of the entire report, but here is the down and dirty of my question....
Did the NI 43-101 that was authored by John C. Archibald, P. Geologist and Qualified Person, define an "Indicated" resource of 11,000,000 tonnes of .46% Niobium and an inferred resouce of 20,022,058 tonnes of .50% (greater than) and 14,243,285 tonnes of .46% niobium that is considered a compliant resource?
The answer from the company was "YES". Case closed....Jim
OntaREEo....Yes, no doubt about the report's authenticity and adherence to the standards. What we got here is a temporary pull back that smells like a gift to me. I bagged a few under 10 cents and will continue to as long as the "gift" lasts. Since I am a LT investor, I hope that the price disparity last awhile....Jim
ripper...No reason not to!
Repost from the SRSR board:
Posted by: jim6103 Date: Saturday, August 01, 2009 12:21:50 AM
In reply to: None Post # of 64673
Response from the company:
After quickly reading the National Instrument when it came out, I had many great surprises and one nagging doubt. My doubt now has been washed away through Merle's concise and appropriate answer to my query as found below. More on the report tomorrow when I have more time... Suffice it to say that "it really is all good now"....Bank on it...Jim
On Fri, 31 Jul 2009 20:54:13 -0700 "Merle Goertz" <merleg@shaw.ca> writes:
Jim,
The calculation you refer to was not done by Alan and is what we have from our 43-101 compliant report as highlighted in the news release.
In response to:
"Dear Scott,
I have just now finished reading the entire report. The results are phenomenal and really beyond what I had expected from the Hawke Zone. After reading the report, I did not get the impression that Alan's block model from the D Zone drilling was converted to a National Instrument standard resource. The PR from the company before the report stated the "indicated" and "inferred" resource data that was referenced in the report, but there was no conclusion by the author stating that a compliant resource by his judgement is present. The last sentence of the below paragraph is confusing:
"Further drilling in this area as a part of the recommendations from this report will assist in bringing the full historic resource up to NI 43-101 standards."
Does this mean that the resource outlined by Alan is in compliance with NI standards and just the remainder of the resource not as yet measured needs to be brought up to standards or the entire Hawke Zone needs further drilling to get up to NI standards?
The stock holders need a verification of the report and a conclusive statement of what the company has in the way of a compliant resource, if any."
Response from the company:
After quickly reading the National Instrument when it came out, I had many great surprises and one nagging doubt. My doubt now has been washed away through Merle's concise and appropriate answer to my query as found below. More on the report tomorrow when I have more time... Suffice it to say that "it really is all good now"....Bank on it...Jim
On Fri, 31 Jul 2009 20:54:13 -0700 "Merle Goertz" <merleg@shaw.ca> writes:
Jim,
The calculation you refer to was not done by Alan and is what we have from our 43-101 compliant report as highlighted in the news release.
In response to:
"Dear Scott,
I have just now finished reading the entire report. The results are phenomenal and really beyond what I had expected from the Hawke Zone. After reading the report, I did not get the impression that Alan's block model from the D Zone drilling was converted to a National Instrument standard resource. The PR from the company before the report stated the "indicated" and "inferred" resource data that was referenced in the report, but there was no conclusion by the author stating that a compliant resource by his judgement is present. The last sentence of the below paragraph is confusing:
"Further drilling in this area as a part of the recommendations from this report will assist in bringing the full historic resource up to NI 43-101 standards."
Does this mean that the resource outlined by Alan is in compliance with NI standards and just the remainder of the resource not as yet measured needs to be brought up to standards or the entire Hawke Zone needs further drilling to get up to NI standards?
The stock holders need a verification of the report and a conclusive statement of what the company has in the way of a compliant resource, if any."
ripper....That's what I like - good DD and sensible folks!
ripper....Mind if I come over here and play?
Ever since the momo crew spewed their venim over on the SRSR board, I have stayed away. It also has been one of the busiest weeks for me of the year and have found little time for any DD or posting.
I noticed that a lot of old friends are over here also.....Jim
mndieck....You are right on the nuts with your post!
"The only people who are pissed off and talking $hit right now are the ones who thought they could buy in, make a quick few bucks, sell out, and move on to their next target. This is not one of those stocks. Eventually, basic economics will prevail"
The report confirmed the old data from Dominion Gulf, RP Sage, et. al. and also confirmed Alan Hawke's "Indicated" and "Inferred" calculations of the new Hawke Zone.
I finally had an opportunity to study the report last night and do have some questions concerning the NI 43-101 standards and final conclusions of the QP doing the report. I have an email into Scott and will clarify when I get an answer.
The report was a gigantic step forward for Sarissa. It gives more credence to the old data and the work accomplished by the company. It is in the next step (recommendations) that are most important. If you are long the stock, put it away in your favorite drawer and check the price sporadically. If you are a trader, good luck.....It's all good....Jim