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Saturday, June 13, 2009 11:07:25 AM
Welcome! The potential for the Lake Nemegosenda property in Niobium alone is staggering. Here is the potential Niobium deposit calculated from data obtained in the company's press releases.
1.) Zone D:
deposit averaging .43% niobium over a area of 76,259 sq mts X 200 mts deep = 15,250,000 cu mts. X 2.8 tonnes/cu mtr. = 42,700,000 tonnes of resource X .43% Ni/tonne = 183,610 tonnes of Niobium X 2204.6 lbs/tonne = 404,786,606 lbs. of Niobium
2.) SE Zones:
Estimated 170,000,000 tonnes of .35% Niobium = 595,000 tonnes Ni X 2204.6 lbs/tonne = 1,311,737,000 lbs. Niobium
The NI43-101 report that is due out any moment will cover a % of the total D Zone estimate. Probably in excess of 120,000,000 lbs. How much over is anyone's guess. The important factor here is the longer term potential for this WORLD CLASS DEPOSIT. Takes time to drill all the holes.
In summary, the total present potential for the property calculates to the following:
Zone D - 404,786,606 lbs. Ni
SE Area -1,311,737,000 lbs. Ni
I think that it is fairly evident that we have a world class deposit at lake Nemegosenda.
Iamgold: Niobec mine in Quebec and is the only and largest producer of niobium in North America. It is one of 3 of the world's largest Niobium producers in the world.
Resource of 303,793,880 lbs. Niobium
Sarissa Resources - 1.7 BILLION lbs Niobium
Taseko .5 Billion lbs Niobium
Iamgold .3 Billion lbs Niobium
Commerce Resources .043 Billion lbs.
Ultimately, D Zone alone will place SRSR as #2 deposit in North America. Think that there aren't a lot of eyes from the industry on this play?! I can guarantee that this play is no secret in the industry and the potential here as a future niobium resource is monumental. Don't even need to talk price here as the PPS will work out to a fair market value as time and advances are made on this world class property. If your on the fence, now is a good time to buy. The price is only headed north - way north!...All the best...Jim
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