![](https://investorshub.advfn.com/uicon/126844.png?cb=1498251234)
Wednesday, July 15, 2009 11:57:19 AM
20 million tons of 0.47% Nb2O5 material is historical est. by Gulf Dominion.
That = 188,000,000lbs of Niobium, which = $4,700,000,000 using $25/lb Niobium. Niobium is trading as high as $35lb.
The recent 9 hole drill program, which will be written up in the NI report, did the following:
"the drilling program successfully confirmed both the mineralized zone data historically reported"(188,000,000lbs worth $4,700,000,000) "and that the mineralization continues below what had previously been identified as the depth of the mineralized zone."
"The company is on schedule to produce an N.I. 43-101 mineral resource report. With our work to date, we expect the results of our evaluation to accomplish a number of objectives, including:
-- Materially increase the reported historical resource"
How much of an increase?
"Drill hole intersections, with a weighted average grade of 0.43%, are located within a surface area of some 76,250 square metres and to a depth of at least 200m."
That = 42,700,000 tonnes of material @ .43% Niobium. That = 367,220,000lbs of Nb worth $9,180,500,000 at $25/lb Niobium
I believe the NI 43-101 compliant report, soon to be released, will have INDICATED reserves worth between $4,700,000,000 (188,000,000lbs) and $9,180,500,000 (367,220,000lbs)
Everything in quotations came directly from Sarissa Press Releases and is public info.
http://www.sarissaresources.com/pages/news.php
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM