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Yeah, it's interesting to see that governments in the EU are VERY concerned about the: "Raw materials considered as "potentially critical" for 'high tech' sectors";" -Niobium is listed as one of these metals.
Should be interesting to see the development$ with SRSR...
GLTU!
EU worries about access to key raw materials
.."Raw materials considered as "potentially critical" for 'high tech' sectors and the economies of developed countries, include niobium, platinum and titanium, the Commission said in its preliminary assessment (see Annex of Commission raw materials initiative).
A 2008 report by the US National Research Council listed five non-energy raw materials considered as being "highly critical": indium, manganese, niobium, rare earths and the platinum group metals.
A French study identified short to medium-term risks to their supply of a number of materials: antimony, chromite, cobalt, germanium, gallium, indium, lithium, magnesium, molybdenum, platinum, palladium, rhodium, rare earths, rhenium, titanium and tungsten.
The Commission said the list could be expanded to take in five more materials (chromite, manganese, niobium, tantalum and vanadium) targeted by the US report and Japanese stockpiling policy, "and for which there is a high degree of concentration of producing countries".
EU ministers said it considers the Commission's list of critical raw materials as "a preliminary selection" and invited the Council and the Commission "to come back to this with a view to agreeing this list before the end of 2009"."
Link: http://www.euractiv.com/en/sustainability/eu-worries-access-key-raw-materials/article-182860
Thks Tom. When (not if) oil spikes this will move, imo.
GLTU and all shareholders.
I'm in again. Picked up 1 million as a starter position.
GLTUA!
GOLD nuggets owned by SRSR and the shareholder is always good news, imo. Great pictures.
Nice pic! GOLD and NIOBIUM; each one of our shares has $$ value directly tied to these EARTH METALS.
Got to love the fact we have GOLD property too. SRSR #10 on DD machine.
Fantastic post Micro Man, it looks like I gave you a person mark already so keep up the ggod work!
SRSR has soooo much going for it, our Shining Tree gold property looks like another huge winner.
Can anyone say $$ PPS?
GLTUA
Why the U.S. May Be Going from Dependence on Mideast Oil to Rare Metals from China
"Realizing their strategic significance, Chinese leader Deng Xiaoping said in 1992, "There is oil in the Middle East; there is rare earth in China." He clearly understood the West's growing dependence on rare metals for high-tech industries and put China on course to become the world's dominant supplier. By flooding the rare earths market in the 1980s and 1990s, China caused world prices to drop by half, putting other producers -- most prominently, the Mountain Pass mine -- out of business. Today, China covers more than 95 percent of the global demand for rare earths, and the United States relies on imports for 100 percent of its supply."
"Having shrewdly positioned itself as the OPEC of rare earths, China is now putting the squeeze on foreign consumers, clamping down on exports by raising tariffs, lowering export quotas, and imposing production limits. Worldwide demand for rare earths is expected to grow by 10 percent a year, yet production has leveled off in recent years. Most of China's annual supply is now staying in the country as consumers there buy more cars and electronic devices. "Sometime in 2011 to 2012, Chinese domestic demand will surpass Chinese domestic production," says Jack Lifton, an analyst and consultant who specializes in what he calls the "technology metals" and advises mining industry clients developing rare earth projects in North America."This means no more Chinese exports of rare earths, other than in finished goods made in China that they allow to be exported.""
By Craig Canine, OnEarth Magazine. Posted August 18, 2009.
Link: http://www.alternet.org/environment/140676/why_the_u.s._may_be_going_from_dependence_on_mideast_oil_to_rare_metals_from_china/
Is China Planning to Restrict or Eliminate Export of 'Heavy' Rare Earth Metals?
"For the last five years China has been systematically reducing its export allocation of all of the rare earths. Just at the end of last June (2009) the Chinese government announced that the rare earth allocation for 2009 would be around 32,000 metric tons; For 2008 the total export allocation had been around 38,000 tons. Just for comparison it should be well noted that Japan’s projected total usage of rare earths for 2008, before the economic slowdown, was 40,000 metric tons.
Those who view China’s continuous reduction of its export allocation of rare earth metals over the last five years as an economic ploy to maintain the prices of the rare earths do not understand that the rate of growth of China’s domestic demand for rare earths has exceeded the rate of growth of China’s domestic production for every year of the twenty-first century. Thus it is certain that China’s domestic demand for rare earth metals will exceed its domestic production in the near future. This, in fact, is the main driver for China’s reduced allocation of exports of rare earths. The most optimistic of projections of Chinese production and demand now show that Chinese domestic demand will extinguish its ability to produce before 2014, at the latest."
Link: http://seekingalpha.com/article/156996-is-china-planning-to-restrict-or-eliminate-export-of-heavy-rare-earth-metals
Holy Moly, that's a nice few meatballs$$$$$$$!
Tantalum-Niobium International Study Center
The association
* An international, non-profit association founded in 1974 under Belgian law
* Over 90 members from 20 different countries involved with all aspects of the tantalum and niobium industry
* Managed by an Executive Committee representing all segments of the industry
Objectives
* Increase awareness and promote the remarkable properties of tantalum and niobium
* Organize a general assembly of the membership in October each year for business and technical presentations. The location is chosen so that a tour of a member company facility in the area can be included in the programme. Guests may attend
* Organize a week-long symposium in October about every five years for business and technical presentations, sometimes with tours of member company facilities in the area
* Publish a quarterly Bulletin, sent to the membership, also sent on request to others interested. Send us your postal address if you would like to receive this
* Collect from the members statistics on industry raw material production, processor receipts and product shipments for tantalum, and raw material production and processor product shipments for niobium report consolidated data to the membership on a semi-annual basis
* Collect from the members which manufacture capacitors statistics on their receipts of tantalum powder and wire, on a quarterly basis report consolidated data to the capacitor manufacturers quarterly, and the rest of the membership on a semi-annual basis
Membership
* Full membership - available to companies directly involved with the tantalum and/or niobium industry
* Associate membership - available to researchers, academics, authors, and governmental bodies
Link: http://tanb.org/
Good post, GLTU.
Well, ok. Double the $7.50 and settle at $15.00.
BTW,
Tomorrow will be another GREAT SRSR Friday, imo.
"China's obsession with metals has been one of the defining themes of its most recent commercial engagements with the rest of the world. During the first half of 2009, Chinese companies acquired stakes in two Australian rare earth projects, Lynas Corporations and Arafura Resources, creating rumors of a Chinese plot to corner the rare-earth market. China Investment Corporation's investment into Canadian miner Teck Resources stirred commentary throughout North America."
http://www.chinastakes.com/2009/8/china-casts-resource-hungry-eye-on-nickel-mines.html
On Bloomberg now: James Flaherty (Minister of Finance) talking about Canada and China. China wants Canadian resources...increased interest in Canada by China.
"Canada, the second-biggest exporter to the U.S. after China, wants to strengthen trade ties with the Asian country as part of efforts to reduce its dependence on the slumping U.S. economy. CIC made its first major investment in a Canadian company last month when it acquired a 17 percent stake in Teck Resources Ltd., Canada’s largest diversified mining company."
Link: http://www.bloomberg.com/apps/news?pid=20601082&sid=a_AgCR_Du3L8
Thank you and I hope you feel better (I marked you as well)!
1 share of SRSR = X amt of $$ worth of Rare Earth Metals.
Quote of the WE, goes to Ont imo:
"I never know how much of trading is normal buyers and sellers, and how much is manipulated by the makers in charge with agendas of their own. I do know the fundies are here for a screaming buy and at some point fuller recognition will take place in the marketplace. $10B, $30B, $50B, perhaps more of minerals are there and not going anywhere except eventually into the steel of tomorrow through the hands of a brilliant mastermind and the shareholders of today."
BF, answers to your question:
1. Scott Keevil
2. National Instrument 43-101
GLTU
imo
Good post Threwer. It may help for some to reread the:
TOP TEN REASONS FOR YOU TO OWN SARISSA – NOW! post.
GLTUA
"Sarissa has retained Edmund Cachia & Co. of Toronto as new Company auditors, and has moved to Capital Transfer Agency Inc. in Toronto as transfer agents."
I infer from this that an uplisting (or something else) may be in the works.
-From the 6/22/09 PR
Nice find LF! Very interesting read. I'd buy the book now but instead I'm throwing whatever $$ I have to the SRSR bargain basement stock of the century sale. lol.
After we hit $$ I'll get the book from Amazon.
Watch what happens to our stock price when something like this is announced:
Junior undertakes to supply unnamed client with 1 000 t/y of niobium produced at Malawi mine
By: Jonathan Faurie
31st July 2009
"Australian mining junior Globe Metals & Mining has signed a deal in terms; of which it will supply an international client with 1 000 t of ferroniobium each year when its Kanyika niobium mine, in Malawi, attains full production, a milestone expected to be reached in 2012...
..Globe MD Mark Sumich reports that the company has not been adversely affected by the economic crisis, as demand for niobium remains strong. He adds that it is apparent that consumers are looking to position themselves for a recovery in late 2009 and beyond by securing additional, and alternative, supply arrangements."
Link to full article: http://www.miningweekly.com/article/mining-junior-signs-second-mou-2009-07-31
"I have not sold a single share and I have no regrets. I know we'll regain those profits and much more in due time."
Same here. I was gone for a few days and came back to see the share price of SRSR; my conclusion...time to get $$ in my account and add!
GLTUA
Sarissa has an ELEPHANT on it's hands: Niobium property!
Size matters in base and specialty metals
* Ken Reser
Published 7/28/2009
"Obviously this commentary isn’t about fortune seekers heading for the California Gold rush or cattle driving Cowboys headed to Dodge City to kick up their heels, although it was the term used in both cases in the days of yesteryear. Nevertheless it is about “elephants,” albeit a different sort of “elephant.”
This term has also been used over time to describe elephantine or gargantuan sized mineral deposits not commonly found around the world and that is the focus of the following commentary.
A Time For Elephants?
In the world of mining, among the many other governing factors, a mineral deposit’s size has always been and always will be a huge factor in a discovery becoming an operating mine. In our current world’s financial crisis and with the limited interest and funding available to the mining industry, especially for junior exploration companies, it would seem readily apparent that now more than ever, size matters greatly. When Gold was far less expensive it used to take approximately a one million oz resource to interest the majors in JV’s, funding or a buy-out. Not so today with Gold trading at an all time high range. Now it takes much less in situ when it comes to precious metals."
"China’s Impact
We all have read endlessly over the last couple years about China’s onward march to dump dollars for commodity resources, buying pell-mell around the globe and all the while raising export taxes on their domestic metal reserves, some as high as 20%. I also have brought these topics up more than a few times, along with a few other mining commentators. But the fact remains! China is buying, whether to get out of US dollar dominated paper assets or just because they have a longer term view with respect to “Finite” resources than we in the west, and it will have a profound effect on who gets what and at what price when the smoke clears.
As one commentator stated the other day with regard to Rare Earth Metals “We have highlighted on many occasions the power shift to China in the resource sector and the growing need for other industrial nations to seek alternative supply sources for themselves. Once supply sources are firmly secured, China will be able to determine both material prices and their export destinations. The fact that most of these investments are by state-funded entities such as CNMC makes the situation particularly precarious. At the far end of the pessimism, it will be a situation similar to oil supplies which are controlled by a handful of countries. The race has begun to secure supplies of rare metals. Investors should be positioning themselves at the starting line and taking a look at companies with proven deposits.” Link: www.resourceinvestor.com/News/2009/7/Pages/Race-for-rare-metals--And-China-is-winning.aspx."
Link to full article: http://www.resourceinvestor.com/News/2009/7/Pages/Size-matters-in-base-and-specialty-metals.aspx
Jnmcda0, I've given you a member mark for transcribing the interview with Scott Keevil, you're up to 4 now.
Here is the transcription, which imo outlines our ENORMOUS value:
Host (Albert Aimers): [Gives brief introduction, mentions the 43-101 report, etc.] Tell us a little bit about Sarissa...what's your strategic plan for the company?
Scott: Sarissa was focused to be a junior mining exploration company and what we wanted to do was acquire world class deposits that could be economically brought to fruition fairly quickly and I think we've done that with this niobium property. Basically, we took a look at some of the historical data, which indicated there was a huge 20 million ton deposit on it, which was discovered in the '50s. What it needed to have done now is to be brought up to current standards, so we could give some credibility to the historic drilling. And we've done that.
Host: What sort of things are coming up with the company? What are you doing? Are you going to continue drilling down on this property? Are you looking for other properties?
Scott: Our main focus is on this property. We're going to keep going on this because it is our flagship. We're always looking around for other potential ones. We've got a small gold property in northern Ontario too, which is exciting, but nothing nearly as economically viable as the Nemegosenda one. So, we are going to continue to drill on the Nemegosenda property. We've got two identified zones there...the main zone, which we have just renamed the Hawke zone, where we just finished this technical report. And what we want to do is continue drilling because the deposits seem to get richer and a little bit deeper as it moves to the east. So, we want to keep going that way until we come to the edge and find out how deep it goes. We've got a second zone, the South East zone, we want to drill out now because we're seeing a huge potential there for as much tonnage as we have in the main zone, but maybe a slightly lower grade. So, we've got our work cut out for us to get to the point where we can do a feasibility study on the property.
Host: And what sort of timeline are you looking for that? I guess first on the Hawke zone...
Scott: It's a bit like "how long is a piece of string?", because it depends on how far it goes, how much drilling we do...and right now we have one drill working. We may move a lot faster if we bring in two or three drills and that would shorten our time frame. But, I think we're looking at about an 18 month program to drill out the main zone right now.
Host: Okay. I wonder if you could tell us a little bit about how you acquired the property and why this property and why you guys believe so much in this property.
Scott: Actually, it's one that I've know about for a number of years. I've known some of the properties that Dominion Gulf had worked on in the '50s and had just kept my eye on them. This one came available via a prospector who held the title for about ten years and we were at the right place at the right time to make a deal with him and acquired it and have just run with it ever since...it's not that long, only about a year and half now we've had it.
Host: What sort of milestones are you looking for with the company, over the next say 12 to 18 months? What kind of definitive milestones are you looking for?
Scott: To me, the definitive milestones are going to be in the geological side. We want to, as much as we can, completely deliniate the main Hawke zone and find out where the eastern extent is and where the depth extension is, so we can get a full picture, a 3-dimensional picture of what the grade and tonnage is going to be on that one. And then the next milestone is to figure out the size and extensions of our South East zone...how long it is, how wide it is, and how deep it is. It looks like it is about a kilometer long and 700 meters wide, which is a really, really big piece of ground to have a potential ore body on it.
Host: Excellent. Thanks so much for your time.
"China dominates the world market and in recent months has taken control of mines in Brazil and Australia, thereby eliminating potential competitors. It is poised to do with rare earths what the Organization of Petroleum Exporting Countries has done with oil: make the world dependent. In 2002, China exported about 60,000 tons of rare-earth metals. In 2008, it exported about 45,000 tons. In 2009, based upon preliminary estimates, that will drop into the 30,000s.
The slide will most likely continue, with potentially serious implications for President Obama's energy goals.."
From: America's New Energy Dependency: China's Metals
A clean-energy economy needs rare-earth metals to succeed. China has a near monopoly
By Kent Garber
LINK:http://www.usnews.com/articles/news/national/2009/07/01/americas-new-energy-dependency-chinas-metals.html?PageNr=1
Posted July 1, 2009
It's great to know SRSR has a WORLD CLASS MINE(S) of REE's that the world is scrambling to acquire!
GLTA! and Weeeeeeeeeeeeeeeeeee
SRSR is a WORLD CLASS STOCK MONSTA. "the Nemegosenda property is a World Class mine and can produce a World Class amount of minerals, starting with but not limited to, Niobium.
If we Only had the inferred results of 49M Tons of .43% and 22M Tons at .50% of Just Niobium for this block section in Zone D this would be a Huge mine, but we know this is far from all we have here."
Great analysis,GLGeo.
Thanks for sharing your meeting experience with Alan; you captured it very well in your words...he sounds like someone we would have all liked to have met.
Good post Howard. I for one am VERY EXCITED about our valuation.
This is a keeper for me. I read a book on Warren Buffett recently and he said he made most of his fortune while sitting on his azz. lol.
I wish The Hawke family my sincerest condolences at this time.
RIP
Congrats on your Vette purchase!
-Did you buy the one with the NIOBIUM hub caps? lol.
I'm sure more of us will have stories to share as our stock goes up in share price.
GLTU
EU worries about access to key raw materials
.."Raw materials considered as "potentially critical" for 'high tech' sectors and the economies of developed countries, include niobium, platinum and titanium, the Commission said in its preliminary assessment (see Annex of Commission raw materials initiative).
A 2008 report by the US National Research Council listed five non-energy raw materials considered as being "highly critical": indium, manganese, niobium, rare earths and the platinum group metals.
A French study identified short to medium-term risks to their supply of a number of materials: antimony, chromite, cobalt, germanium, gallium, indium, lithium, magnesium, molybdenum, platinum, palladium, rhodium, rare earths, rhenium, titanium and tungsten.
The Commission said the list could be expanded to take in five more materials (chromite, manganese, niobium, tantalum and vanadium) targeted by the US report and Japanese stockpiling policy, "and for which there is a high degree of concentration of producing countries".
EU ministers said it considers the Commission's list of critical raw materials as "a preliminary selection" and invited the Council and the Commission "to come back to this with a view to agreeing this list before the end of 2009"."
Link: http://www.euractiv.com/en/sustainability/eu-worries-access-key-raw-materials/article-182860
Published: Thursday 4 June 2009
YW, Oil. it's nice to connect the dots..-and these are VERY BIG dots. lol.
Thanks for your contributions too, GLTU.
China, Japan and Norman Keevil: "..the Asian super power has recently been buying more of Teck's coal and will presumably increase its purchases under the arrangement.
Teck's dual class share structure gives voting control of the company to the family of chairman Norman Keevil and Japan's Sumitomo Metals."
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/china-gives-teck-breathing-room-on-debt/article1205204/
-Yes, I think you're right alan.
I see the recent activities of TCK-Norm Keevil-Chinese-and even Japanese as all lining up for SRSR, imo.
Notice how rich and powerful Norman Keevil is. I would like to attend a "Keevil Bar-B-Que" and see who shows up. lol.
W.E. reading: ..."In recent years, China has realized the importance of upgrading its rare-earth metal industry and protecting rare-earth metal resources. Mining quotas and export quotas have been instituted for the industry. Beginning from June 1, 2007, a 10 percent export tariff was imposed on such products as rare-earth metals, terbium oxide, and dysprosium oxide, and the export tariff on rare-earth ore products was raised from 10 percent to 15 percent. In 2006, China started comprehensive regulation of the country' s rare-earth resource development; the issuance of mining licenses was stopped, industry entry standards were raised, and a plan of protective mining of rare-earth resources was put in place to control the total amount of rare-earth output. In 2007, China' s state policy over rare-earth metal production shifted from the original directory planning to mandatory planning; the state raised environmental requirements for rare-earth enterprises; and new policy statutes and industry standards were made and promulgated, including Medium and Long-Term Development Plan for the Rare-Earth Industry, and Rare-Earth Industrial Development Policy. China' s macro-control efforts in the rare-earth industry have largely paid off. The above policies and measures have so far played a very positive role in effectively protecting the country' s rare-earth resources, regulating market practices, controlling rare-earth export, and maintaining a relatively high price for rare-earth products. As a result of rising market demand for rare-earth products, their price continues to climb."
LINK:http://www.the-infoshop.com/study/rfc80089-ch-rare-metal-mining.html
A red day? Fine by me..I think that this stock is going to soar! -That's why I did not even think of selling one share today.
Think: 1 SRSR share = X amount of RARE EARTH METAL(s).
When you hold that thought, even 1 SRSR share = $$$,
you will be an investor, not a trader (or a traitor, lol).
You can sure bet that Scott Keevil knows what his shares are worth!
-I would classify him as an astute investor.
GLTUA, Have a GREAT WE!
China’s Premier Makes it Official - China Will Buy Foreign Firms
July 23rd, 2009 ·
..."In fact, we can expect outbound investment in rare earth metals companies as well. Recent investments include China Non-Ferrous Metals Mining (Group) Co., Ltd (CNMC) with a controlling interest in Lynas Corporation, a rare earth developer based in Australia, and the Jiangsu Eastern China Non-Ferrous Metals Investment Holding Co. Ltd (JIH) who recently bought a minority stake in Arafura Resources Ltd an gold and mineral company, according to Resource Investor.
And as we concluded back in April, “If you really want to know China’s strategy for moving its reserves out of dollars, just watch which companies it buys and for how much. It’s much easier to spend your money on big-ticket items like entire companies than a few hundred thousand tons of raw material purchases.”"
–Lisa Reisman
Link to entire article in MetalMiner:http://agmetalminer.com/2009/07/23/china%E2%80%99s-premier-makes-it-official-china-will-buy-foreign-firms/
Dems are Niobium tipped spears! lol.
Thanks for sharing your thoughts, your wisdom is greatly appreciated.
GLTU!