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Re: unbeREEvable post# 74318

Sunday, 12/13/2009 4:48:48 PM

Sunday, December 13, 2009 4:48:48 PM

Post# of 165855
Good read but it just substantiates a few things. There is no shortage of Niobium and it isn't considered one of the 17 critical REE's. The largest miner for Niobium is in Brazil and they have a 500 year global supply. What current SRSR shareholders have to hope for is that SRSR does in fact find a large resource of REE's. That and anything to do with a substantial multi-million oz resource at Shining Tree will start moving things forward at a much faster rate.

Otherwise getting SRSR to a producing mine, creating cash flow and profits is going to be what it takes to really see progress. And before that happens they are going to have to figure out how they are going to finance it. That could come in the form of many ways. From raising additional equity, a blend of equity/debt, a JV or possible off take. Or any combination of them. The costs associated in starting a mine are huge, we are talking tens of millions of dollars. If anyone has lost sight of that they need to do some research.