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Sigma has a fully completed pilot plant that demonstrates a proprietary separation process and allows them to ship battery grade lithium samples to potential clients… They are building phase 1 production. A couple years ahead may be slightly optimistic… I like BMIX but IMO they have a long way to go to get to where Sigma was a year ago.
Was wondering how they planned to meet the liquidity requirements for the higher exchanges. Thought they might know some tricks. Then the CFO got fired. Guess the tricks didn’t work.
Something must have held up that financing or they’d still be in the Roanoke facility. Or did I misunderstand the 10q?
They have a US office in Pasadena.
http://www.brazil-minerals.com/contact-us/
They have a centrifuge concentrator on-site according to the Jupiter Gold site. They did some drilling and 35/35 holes were visually positive for gold. I assume that means They can see the gold before metallurgy. Soil looks like red clay and centrifugal concentration is very efficient at pulling high density gold out of clay. Abrasion is high so the clay tends not to form “balls” that roll up and steal fine gold dust. https://www.911metallurgist.com/blog/gold-centrifuge. Website states high order of confidence that they can go revenue positive using the onsite plant. Reinvestment would build the processing capacity... if it goes that way. http://www.jupitergoldcorp.com
Fogassa converting deferred compensation into common shares says a lot... things may be falling into place.
Yep. Thanks again. Didn’t know there was a historic NI 43-101 on a property or a final feasibility study. All very valuable, takes a lot of work and money to make that happen.
Thank you for this!
Great post. Thanks.
If this board is a snapshot of former and current management mindset then I think there’s no hope we will ever have a mine. The best case for the property would be a sale to an adult who is capable of developing it. Wish I’d known more about the people running this thing five years ago. Good luck going forward with your jingles and rhymes.
Who is the Currah legal team? Has that been posted?
Thought when you called out MM tons you meant metric.
There are 1000 kg in a metric tonne... that is 2204 pounds.
Kind of. I think that the situation ER described is taxable; however, I don't think that it accurately describes the real plan for the spin out. I think that the asset will be transferred in a way that causes an offsetting adjustment of the cost basis of the shares in Sarissa so that there is not a capital gain. I don't know this for sure or how the basis will be adjusted. I do know that anyone who holds SRSR shares should be researching this.
Good job with the ibox edits.
It's nice. Great start on the design. Good to see things moving forward.
Does Dan respond to IR@niotechcorp.com?
I've been looking forward to it for a long time. Is this the board for the new ticker?
Any idea when the record date will be?
It does seem like conditions are right for the project to start moving more quickly. I remember last spring they paid RPA approx $65k to do work to establish a compliant resource estimate. There was a posted response from IR that a payment was made, and that the results only required assay work -- not more drilling.
Not sure what happened with that. May have gotten put on hold or progress has been communicated to those in closer contact with the company.
Regardless -- discovery of DDH 10-55 should help. It's been a while. Maybe soon we will start to see positive results.
"SRSR can own the entire planet and every ounce of every mineral in it and they wont be worth a single cent with Scott in the drivers seat."
LOL! What an odd thing to write!
Thanks Web.
Bryce,
I missed the post -- trying to get here often enough to catch the new conversations before they get censored. Can you repost to the other board or PM a private copy to me?
I find your posts very interesting. Justified or not, I wish you'd skip the personal attacks because admin will delete the post and I can't get on here often enough to read what you post before they delete it.
Large Hadron collider is online with its fancy new Niobium Tin magnets.
1. The HL-LHC (High Luminosity LHC project) is an upgrade of the LHC machine to increase the total number of collisions (luminosity) by a factor 10 in order to further increase its discovery potential beyond 2020. This improvement can be obtained by replacing some LHC NbTi magnets with Nb3Sn ones.
http://m.theengineer.co.uk/1020437.article?mobilesite=enabled
Thanks to Nb3Sn's stronger superconducting properties, it enables magnets of larger field than any in current particle accelerators. As a comparison, the niobium-titanium dipole magnets built in the early 1980s for the Tevatron particle collider produced about 4 Tesla to bend the proton and antiproton beams around the ring. The most powerful niobium-titanium magnets used in the LHC operate at roughly 8 Tesla. The new niobium-3-tin magnet creates a significantly stronger field.
http://m.phys.org/news/2015-04-magnet-fermilab-high-field-milestone.html
What about the new directors? Would the right name there make you feel more optimistic? Or would it have to be a Dan or Scott replacement?
What news would convince you to buy more? What actions would make you think the opposite of management?
3 oz Nemegosenda Ore
1 oz Carbon Tetrachloride
A dash of Iron Pyrite
Heat and stir well
Serve with a twist of lemon
There's a link on the first board to the second. Sense/DSU is the moderator.
Wonder what happened to BlenderHead.
What is the second?
We have been waiting a long time and we have had our hopes up before. You have to be truely long to stomach it.
Thanks. I'm trying to learn more as well.
I'd also like to know more about why these processes are specifically suited to Nemegosenda ore... the resulting low production price seems like a major differentiator between Niostar and the competition.
There was word forwarded from IR in the other forum that Pat Chance will be riding a snowmobile to the site on Wednesday. He will also inspect the core in town. He will be back in Toronto with all the info on Thursday unless his snowmobile breaks down or other unforseen circumstances.
You just can't keep those Canadians down.
Just saw your post with the links to the patents you were describing. Links repeated here:
"Between mid-1958 and early 1962 the CSM Research Foundation completed 23 reports on acid leaching and chlorination processes designed to extract high purity niobium metal and salts from the Chewett “ores”."
http://www.google.tl/patents/US3240557
This will answer most of my questions.
The 60 grit grinding of the ore is estabished as enough to expose the niobium grain among the gangue component? The beneficiation must have been done in the 50s at least on the bench and apparently in a pilot plant.
I understand the pre-oxidation is roasting of the exposed niobium at very high temperatures because the oxide can be dissolved in sulpheric acid. Not sure about the desliming, as I would expect the oxidized ore to still be dry sand at that point.
What are cocl2 and cacl4? Are they acids?
In my understanding, the oxidized niobium sand is submerged in a pool of dilute (35 - 50%) hot sulpheric acid that is semi-saturated with niobium. The concentration of the acid is controlled so that it doesn't react with the "alkeline earth metal" gangue but it does "digest" the niobium into a solution with the acid.
There are three stages of "digestion" -- after each, a centrifuge separates the acid from the ore, and after each the ore contains less and less niobium and the acid contains more and more niobium. The acid from the third stage is recycled into the first stage so the ore with the highest niobium is reacted with the acid that is most saturated with niobium.
I don't know why the acid is recycled that way.
I thought that the niobium was recovered from the acid by precipitating it with organic solvents. Is this what you meant by offgases? What is nbcl5?
I thought the precipitate would be Nb2O5.nH2O / niobic acid, that would be processed into niobium oxide.
Is this different than the chlorination / phosphogenation that is demonstrably operable in Chance's report?
Did Lerner take his processes to Pilot Plant stage in the 1950s or was it CSM that did that?
Do you assume that Hatch is retooling Lerner's systems or have they modernized? I know there's no way to know for sure, but interested in your opinion.
Ok. I was reading this but must be old info.
http://www.bloomberg.com/research/stocks/people/board.asp?ticker=SRSR
Yep. But he appears to still be on the board.
Based on a Google search earlier this week I found reports of site visits that lasted between one and four days. I'd guess closer to one day given that Chance is familiar with the property. In a IR response, Dan said that Chance was visiting to inspect the drill holes. That's all I've seen that hinted at an agenda. Not sure what the inspection includes.
Anybody have any details (facts or rumors) about the new board of directors?
Will Ben Ward and Cam Cheriton (who I didn't realize is 87 years old??) be retained?
I heard that Dr. E. Robot, PhD is a potential candidate.