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Just in case you don't know and you're a genuine investor, this company is utter garbage.
Great respect goes to you es1, you have been a stalwart in the face of this really nasty company. Much credit goes to you and moojer for you tireless efforts in exposing this rubbish, to be honest I can't believe it, I gave up so long ago.
Hello moojer, it's been a long time...lol so funny to see you still here, but good on you for sticking to your guns, what a load of garbage this was, hyped by sparks and co. back in the day.
I agree there are some very interesting technologies that niobium can facilitate but the problem is these techs require tiny volumes, not tonnes and tonnes. Even in steel the quantities are small.
As for steel Bainrite has new tech to render it obsolete
Interested to know how you think my opinion is wrong.
That is true but you post as though this company has a future when in fact it has none.
You I don't care about, its any new potential investor that needs the full story.
In my veiw any promotion of this company is misleading and dishonest.
Sarissa is a total failure.
No it's done when I say it's done, that will be when I see that people stop misleading others about the viability of this company.
It makes no difference what the price of these shares are, the company is so badly run it will never turn soil to extract niobium, this is dead.
Was this not the reported benefits of Niobium? A reduction in the weight of steel structures, and now you want to dis that?
Any of that is irrelevant though, this company is run by incompetent oafs, it will never progress to mining, ever.
The resources are of low grade compared to other niobium deposits.
Like I said, new methdologies negate the need for niobium in steel. The new steel being manufactures is tough and ductile, is incredibly strong will reduce weights by 40% in vehicles and is cheap to produce....no need for niobium in steel production.
The new methodologies to create better steels with better qualities have only just been realised, the technique is simple and inexpensive. It will make niobium reduntant, and that increase you talk of will easliy be taken up by existing operations
I have posted links showing and demonstrating new methodologies that will make Niobium unnecessary. You can now do your own research.
I have looked them up and what you are saying is misleading, even untruthful, on top of which many companies have resources that have up 35 times the concentrations that Sarissa has. New projects in Tanzania and Madagascar have vastly superior reserves run by directors who won't waste the time of their shareholders.
The only news will be bad news, make no mistake this company has no future, management is completely useless and incompetent. This company couldn't even get a certified register of it's resources, don't let the long tewrm bag holders mislead you.
Nobody should invest in this company. It will never become a miner. New technology has superseded any advantage niobium may once have held in the production of high strength steel, what remaining market is tiny, on top of which management is totally incompetent.
No need for niobium in this scenario. Looks like it's going to be adopted pretty quickly as well. There goes the one place niobium may have been able to get some consumption volume, alas not any longer.
Revolutionary steel treatment paves the way for radically lighter, stronger, cheaper cars
ack in 2011, we wrote about a fascinating new way to heat-treat regular, cheap steel to endow it with an almost miraculous blend of characteristics. Radically cheaper, quicker and less energy-intensive to produce, Flash Bainite is stronger than titanium by weight, and ductile enough to be pressed into shape while cold without thinning or cracking. It's now being tested by three of the world's five largest car manufacturers, who are finding they can produce thinner structural car components that are between 30-50 percent lighter and cheaper than the steel they've been using, while maintaining the same performance is crash tests. Those are revolutionary numbers in the auto space.
Graph demonstrating Flash Bainite's specific and tensile strength compared to aluminum, hot stamp steel and titanium
Flash Bainite floor reinforcement part
Compared to other ductile steel that can be formed at room temperature, Flash Bainite can deliver ...
Compared to other high-strength hot stamp steel, Flash Bainite can deliver cost savings up to 50%
Darren Quick did a good job explaining exactly how Flash Bainite is produced in our original story, but in basic terms, you take regular, off-the-shelf AISI1020 carbon steel, and instead of heat treating it for 10 minutes like costly alloyed steel, you put it through a roller-driven system that induction-heats and liquid-cools the steel in a matter of 10 seconds or so.
Generally, when you choose steel you're trading off between strength and ductility. The hardest steels are the martensitic types, but their crystalline structure makes them brittle and prone to cracking when you press or bend them, so they need to be hot pressed. Flash Bainite breaks this rule by delivering a specific strength some 7 percent higher than martensitic steel but staying remarkably bendable to the point where it can be cold pressed into shapes. The quick heating and cooling stages produce a unique mix of fine martensite, bainite and carbides – if you want to get all metallurgical about it, knock yourself out.
With such characteristics, you could theoretically take anything you're making out of martensitic steel and make it stronger and vastly cheaper, or take many shapes you're cold pressing out of more ductile steel and use vastly thinner Flash Bainite to get the same strength. It sounded almost too good to be true, but recent testing from a number of different parties appears to be validating the original findings.
In July 2011, US Army tests called it "an extremely energy efficient and environmentally friendly process" and concluded that "the costs to produce Flash Bainite should be extremely reasonable and could enable widespread use for applications requiring very high strength and adequate elongation, ductility, and toughness. Current opportunities for flash bainite include armor and vehicle applications requiring ultra-high strength steels for high specific strength, weight reduction, and high cycle fatigue enhancement."
In 2013, a few auto manufacturers (who can't be named due to NDAs) began running a series of tests to see how Flash Bainite might perform in an automotive setting. Could it be cold pressed into the kinds of challenging shapes required by automakers? In short, yes. Flash 1600 (Flash-processed AISI1020) forms as well as the leading cold-stampable "advanced high strength steel" DP1180 that's only 75 percent the strength. Here are some sample parts displayed in March 2015, cold pressed with no noticeable thinning:
These parts were created in the same sizes and thicknesses as the OEM parts, so there's no weight saving per se, but the simple and energy-efficient nature of the Flash forming process makes them 1/3 to 1/2 less expensive than the process currently used in manufacture.
As this data became available, other auto manufacturers have started dipping toes in the water as well. The Flash Project's Gary Cola tells us of another major manufacturer that used Flash processed tubing to create car door impact beams, roof rails and other parts that were built into full cars, then roof crush tested to high test results.
"This OEM found that Flash 1500 could offer a 1/3 mass reduction and cost savings over the 'industry standard' DP1000 known at the time to be the strongest hydroformable tube," Cola says. "During this development, it was discovered that Flash 1500 (Flash-processed AISI1020) could be formed into very tight bends, almost as tight as simply folding a sheet of paper."
In Flash 1500 energy absorbing crush in this story's lead image, the bends are twice the strength of the DP780 cans in cars today.
Another major manufacturer "that makes 10 million vehicles per year," according to Cola, tested Flash-processed steel on a structural/safety component of a car that is 3 mm thick and 3 lb (1.4 kg) in weight in its current form. Using the flash treatment, a part was created that weighs 2 lb (0.9 kg) at 2 mm thick, and passes all the same tests – and the OEM estimated it could be made at a cost savings.
There are only three OEMs that can claim that kind of manufacturing capacity in the world. Only one of them is headquartered in Detroit where the Flash Bainite team is based, and it conveniently happens to be locked in a war of words with a competitor that has chosen to go to aluminum truck bodies instead of steel. Cola notes, "while aluminum is good for hoods, decklids and door skins, Flash offers higher strength per pound for structural safety components."
In short, Flash Bainite is starting to look suspiciously like the real deal, pointing the way towards significantly lighter cars that are less expensive and more environmentally friendly to produce, and every bit as safe in a crash – and of course, that's just in the automotive world.
Another factor in Flash's favour is an extremely low capital cost of entry for companies looking to get involved in the manufacturing process.
"The entry point for Flash equipment is about US$300K and a one car garage, while large format equipment would only cost $5M to generate about $75M in annual sales," Cola tells us. "Imagine if 100s of fabrication shops around the country could make higher performing steel than the Big Steel Industry can in their $400M seven-story tall furnaces."
Having said that, there's currently no large scale manufacture up and running. Cola and the Flash Project team are working toward developing their own commercial manufacturing operation, but hoping to license the Flash technology to other entrepreneurs to get it out into the market. If the business side is managed well, this looks like a genuinely disruptive shift in manufacturing. We'll keep an eye on it!
Source: Flash Bainite
Geez the concentrations of niobium is pitiful, niobium has zero demand and will remain at zero for a VERY long time, I'm talking multi decades here, the ore body also has uranium at high enough levels to warrant environmental considerations that will add to cost of production (not really a concern cause it will NEVER get to production even without the uranium).
You only need to look at Lynas to see how RE producers will fare, they have a world class deposit, they have a process plant to extract their product and they're still struggling financially and struggle to stay afloat, and you think this site is going to make it. This is EXTREME delusion. DON'T WASTE YOUR MONEY ON THIS DOG!!!!
A DOG IT WILL REMAIN FOR ANOTHER 20YRS AT LEAST. YOU WILL NEVER GET A RETURN. EVER.
Sorry but the property is also useless, all you guys who think the property has merit are still being mislead.
It is totally unethical to try to make a market for this company so you can dump your shares on the next wave of invetors, shame on you.
Accept this company for the garbage it is and be done with it.
SRSR DOES NOT HAVE THE ROCKS, any information to the contrary is a lie, is devious anf misrepresents the facts
SRSR has a low quality ore body and nothing will change that, anyone who says otherwise is a liar....period.
Yes I can but I'm not going to tell you, however if you look on proactive investor you may discover the yourself
This company DOES NOT HAVE THE ROCKS, any claim to the contrary is false and a lie.
Regardless, the company is garbage, don't you know that yet?
Still living in denial after all these years?
Is Dan you speak of dmbao? That used to post here?
Unbelievable, don't go throwing good money after dumb money, you will never ever get a return out of this property, ever...period.
This whole situation is a scam, niobium is not super critical, there are other sites that have 50 times and more the concentrations of the minerals here, you know 50 times and more and not just 1 property, there are a host of them, the ore here at nemegesonda is RUBBISH in the scheme of things, cut your losses and walk away otherwise you will be frustrating yourself for decades to come, this place will never ever move dirt for profit....EVER.
Yep saw that 5 years ago, tried to warn everyone this was a pile of steaming fecal residue. Of course got laughed at and ridiculed endlessly.
I know it's terribly frustrating for the believers and am very sorry for their losses but I hope they can learn from this and stay out of mining stocks. You listening Evilrabbit?
Thank god someone woke up
Yes I agree, however it's much worse than that. It is just dump, dump everything, dump
Don't give up people, within the next 100 years something might get done here
Hahaha what a joke, SRSR is rubbish and will remain rubbish for 15 yrs or more, the only thing moving this dog is lies and deception.
Hahaha Hilarious!!!!!!
Well I suspected it when I saw the price of the shares but couldn't find any information confirming it, not even on there own web site, so no I didn't know but absolutely not surprised by it.
2nd company I've been involved in that's done this, it went form 0.05cent to 30 cents then fell like a rock to 6 cents where it sat for 2 years and then eventually rocketed up to nearly $5.00 after a major discovery, now sitting at above $2.
Pretty sure this will do the same, start sinking down to probably 20 cents (wild guess to say the least) then when news finally comes out of it will go, hopefully give me time to get some more cash together to buy some more!!
I am truly gobsmacked, I cant believe this, I thought it was a typo when I read your post, man I have been holding a bucketload for years now at 98% [Lol} losses now I'm in the green.
I knew that if this technology was ever realized it will be a quantum shift in modern medicine, It looks like we're on the cusp of something extraordinary here.
Not selling any shares at the moment as I know this is still got a loooong way to go yet. Oh yeah!!!!
$7, you mean 7 cents don't you?
Thanks for the update.
Oh man I hope this takes off, sitting on a large bundle at very depressed prices, the potential for this is truly "blue sky" territory. Hope the market wakes up to this and understands the real significance of their technology!!