I spent this afternoon to inform all my friends and people I know via sharemarket about our perl, sending this information email to all of them. I think some will be very happy to get it.. (its an assumption of all the important posts about SRSR).
you could copy the following text complete and send it to your friends to introduce SRSR to them too. I guess you will make them happy within some months..
we should all re-read from time to time the important information we already have...Some seem to forget that.. its important to post it here, so that new investors can see, what fact is..
starting with that: (until now we all have seen, that Keevil is keeping word with what he is saying)
January 10, 2008 - 1:07 PM EST
Sarissa Resources, Inc.'s (PINKSHEETS: SRSR) recently appointed CEO and Board Member, Scott Kevil, issued a letter to shareholders today in which he recapped activities from FY 2007 and outlined the Company's focus for the current fiscal year. The letter reads as follows:
Dear Fellow Shareholder,
An ancient Chinese proverb states, "May you live in interesting times." While this proverb is certainly pertinent to the world in which we live on the whole, it also bears relevance to the world surrounding Sarissa Resources, its shareholders, employees and business prospects for the future.
We have all born witness, first-hand, to the recent and unprecedented increase in global demand for commodities -- and by extension prices, fueled largely by a combination of geo-political uncertainty and the dramatic expansion of emerging markets and developing nations. Minerals and metals, in particular, have been at the forefront of the recent commodities boom and the good news is that -- according to most experts -- there are no signs of it letting up anytime soon.
As a corollary, the minerals and metals mining industry has experienced significant consolidation as major participants attempt to capitalize on historically high prices by buying production and reserves and by diversifying into other mineral/metal markets. While Sarissa is in no way in a capital position to engage in this type of activity, we are uniquely positioned to benefit from the commodity boom by focusing our collective energies where many in the industry are not looking and to which we can quickly extract value for shareholders: prospective grass-roots exploration projects, and previously abandoned and/or over-looked acquisition projects.
In keeping with this stated goal and strategy, the Company spent much of FY 2007 searching for and acquiring prospective projects and area plays in our own back yard -- several of which have already demonstrated anomalous targets. Fortunately, our "back yard" happens to be widely considered as one of the best places on earth to look for deposits of untapped economic mineralization. The Province of Ontario is an area that combines vast regions of high mineral potential with comprehensive mining laws ensuring secure land tenure. In addition, through the Ontario Ministry of Northern Development and Mines, a world-class geo-science data infrastructure is available to assist in the identification of significant exploration and development opportunities.
In 2008, we will focus our energies and resources on continuing to evaluate other opportunistic projects that will yield economic fruit in addition to extracting value from our current property portfolio. As the product of a successful multi-generational mining family, I have become acutely aware of the truths-in-industry-adage imparted to me. One such adage, 'the best place to find a mine is in direct sight of a mining head-frame' has repeatedly proved accurate over my lifetime. As a result, Sarissa will also continue to locate and acquire previously explored and/or worked properties that have been passed over or abandoned. Our plan is to use the extensive networks and connections we have developed in conjunction with the latest cutting-edge technologies to uncover and develop what others have missed or left behind as a result of the less sophisticated exploration tools available in previous market cycles or properties that proved to be "economically unviable" in previous price environments. In short, deposits that were unable to be located or profitably extracted then, may be located or very profitably extracted and realized now.
Due in large part to long-standing industry ties, Sarissa has been fortunate in being able to attract a top-notch talent to lead us forward in 2008, and there is no better indication of our depth-of-talent than Dr. Cam Cheriton, Sarissa's newly appointed Chief Geologist and Director. Dr. Cheriton, who received his Ph.D. in Economic Geology from Harvard University, has over 50 years of experience in the mining industry, working for companies such as Atapa Minerals, Consolidated Mining Company of Canada, the Anaconda Copper Mining Company, Texas Gulf Sulphur, Conwest Exploration Company, and the Geological Survey of Canada. In my many years of knowing and working with Cam I have always been enormously impressed with his extensive and detailed knowledge of the geological implications of any areas we have discussed.
In addition to our ongoing efforts to develop and realize economic fruit from our existing properties as well as exploring promising new properties, management has outlined a comprehensive plan to significantly improve our most important property -- the capital structure of Sarissa Resources -- in 2008, in an effort to unlock and improve shareholder value. In keeping with this broad reaching plan, you have already seen some initial steps taken to this end. Sarissa recently reduced the amount of the Company's authorized capital stock by 100 million shares, from 950 million to 850 million.
Currently, the capital structure of Sarissa Resources consists of 850 million authorized common shares, 693,566,058 outstanding (725,866,058 fully diluted), with a float of 321,086,058. While there are no new debentures, or planned new Reg-D 504 common equity, warrants or options in place, we will need to look to the capital markets in 2008 to facilitate the development of our existing and future properties. With that said, it is our promise to shareholders to hold our shares sacred and negotiate the most beneficial financing terms possible when it comes time to cross that bridge.
In summation, we are in one of the world's most exciting industries where one discovery can drastically change a company's future. With continued economic growth and development in China and India we continue to see increases in demand for most commodities, and I believe Sarissa stands in a good position to offer excellent upside potential. It is important to remember that mining exploration is a risky business, but the rewards associated with discovery are far greater than any other business we know of. We cannot guarantee success but we will continue to seek out exciting new projects with the expectation that we will add meaningful value for our shareholders.
We look forward to sharing the journey with you. -----------------------------------------------------------------------
Posted by: RIGATONI Date: Thursday, February 07, 2008 8:59:00 AM In reply to: None Post # of 98705
~SRSR Update...
I Flew up yesterday morning and had a meeting with CEO Scott Keevil.Here is a summary of how I interpreted our conversation of which most was discussing the Niobium property...
*I first asked about the financial condition of the company ,specifically the current burn rate and how much debt there was. Scott, advised me the company has very little debt, maybe amounting to $15,000.00 and that the monthly burn rate was minimal. He said he hasn't been taking any salary and was working hard to bring value to the company which would be reflected in an increased share price for investors.I confirmed his 30 million shares are restricted.The expenses they do have are related to some accounting fees, taxes , office personnel and some small misc items.
*I asked how he would consider raising funds in the future and if he would go the 504 route.He said NO 504 and that all money raised moving forward would be restricted, private placement type deals.
*I wanted to know if Scott Keevil knew the importance of moving off the pink sheets to otcbb or other type listing.He answered quickly and said Yes, absolutely and that it is a short term goal of theirs to engage an auditor.He said its very much essential for credibility reasons to move off the pinks.He would like to open up investment opportunities to a larger audience since many people do not invest in pink sheet stocks.I asked if the Canadian exchanges were also an option and I was told yes.I asked if they had interviewed any Auditors.His answer was yes.
* I wanted to know where we were as far as our next step with the Niobium property and engaging a third party geologist for and independent report.I was told they have a few geologists identified and that their goal is to hire one of them in the short term.I asked if this was a key step in opening up opportunities for new Canadian investors and potential joint venture candidates.Scott said Yes ,and that he believed new interest would come upon finalization of the new report and validation of the Niobium deposit previously valued.
* I asked Scott if there was a chance the Niobium valuation could exceed the previous report in the 50's since technology has advanced.He said its quite possible but he would be very happy if the new report came in equal to previous valuation.I said, If this happened,we could have many potential jvs seeking us out? he said oh yes, at that point when the report is finalized, it would be a pretty big event regarding potential partners since this National Instrument 43-101 report is considering highly credible in the mining circles.
*I asked about the costs related to extraction and production of Niobium.I was given a rough number of 35-40%.
*I asked if we have had an inquiries for potential joint ventures.He said there have been several inquiries about our property in general but that he would not be specific as to who.
*Dead Moose property...
Scott said that they need to do some drilling there.He said the property could yield some very good results. This area had the highest PGM (Platinum and Palladium) readings of any of the 4,000 lakes in Ontario. He explained how the testing involved scooping material from all of the lake bottoms in Ontario.
~Scott was easy to speak with.His answers were concise and to the point.I asked if he would consider involving any family at some point in any of the projects.He said the mining community in canada is a small one and that everyone pretty much knows each other.If the National Instrument 43-101 was completed and results were good on the Niobium property, he believed many larger mining firms would be interested in some kind of deal and would not rule out TECK COMINCO (TCK).He is confident that the new testing on this Niobium property would be in line with previous results.
*I asked what is the downside of what appears to be a valuable property.His only answer was" the price of Niobium dropping significantly."I asked is this likely, he said there would still be plenty of profit involved even if the price dropped from here.Exact pricing was not discussed.
*I asked about other potential properties, Scott said he wants to bring more value to shareholders and is always looking for new, potential properties.Scott said there were a few others he has identified as a result of his extensive mining contacts. I asked if we could handle multiple projects at once, and was Told yes and that would not be a concern since they can JV when needed.
*I was impressed with his no hype approach and feel he is very capable of building a nice company.
Date: Monday, April 14, 2008 1:39:12 PM In reply to: None Post # of 20781
Just got off the phone with Scott Keevil. He says auditors should start working on the books this month and because they are a new company shouldn't take that long. I concluded no longer than a month meaning they would be done in may. It was suggested to me there was some huge money , millions that could come in to help with the development the prerequisite would be for them to move off pinks and so that is priority number 2. Needless to say priority number one is the hawks report. He said he thought Warren(hawks) could every easily get up there this weekend to put the final touches on his report and it would take no more than a few days to review and then get that report out. The kicker is here both He and Drew from looking at the maps think it appears the driling is open at the bottom suggesting there could be substantial to huge amounts more than they had originally estimated of the niobium there. I asked him about the nN1-143 follow up report and he said this might be a few months project depending on how much more drilling might need to be done. The emphasis was on the fact we are all going to be quite pleasantly surprised with the Hawks report..and that while the N!-43 report is being compiled several things might also being happening with the other properties and of course the uplisting that I would expect to be ready to go next month seabreezing. I couldn't be more impressed with where this is going and the prices right now are dirt cheap to what they will be in a few months ---------------------------------------------------------------------------------------------------------------------------------------------------------
Posted by: homey_g
Date: Monday, April 07, 2008 10:45:06 PM In reply to: None Post # of 20782
I spoke with Scott this afternoon. Here is a summary.
1. Uplisting should have no effect on current shareholders. It will be the same capital structure but a different listing. 2. Scott has no preference for uplisting to the TSX or AIM. Right now, this is a US Company, a Nevada Corporation. He is looking at opening a Canadian office because he lives in Toronto and the Michigan office just does not work for him. 3. He ONLY joined SRSR because they were pursuing the Niobium property. He, as with most people, is leery of PINKIES. Once he knew about Lake Nemegosenda, he was sold! 4. There are some brokers getting involved but NOTHING will happen until we uplist! 5. They are looking at some financing but the timeframe for this is still up in the air and depends on uplisting…Does anyone see the theme here. We NEED to uplist. 6. He joked about listening to a $2M offer before a $200k offer. 7. I had done some DD on uplisting timeframes for TSX and AIM. He agrees with my assessment that this process generally takes 3 months. This is dependent on the report, reserves etc. so it is a moving target. 8. He stated that “We have $5-$6B worth of Niobium. We do not have any other information about other ores.” 9. Scott really likes the Geologist…he is a great geologist. 10. Report is at least two weeks away from being done because of the weather issues. He anticipates that a trip with the geologist will be next week, then one week for the report to be handed to Scott, and then maybe a week for Cam and Scott to review it and prepare the PR. 11. The Drill Logs have already been reviewed. 12. The geologist needs to see some of the Drill Holes BEFORE he will finish the report. 13. Also, the best thing that can happen is that SRSR can gain access to the historic Drill Cores. If so, this may allow the geologist to log in the new data (make it current). This would put us closer to NI 43-101 Compliance resources. 14. If the Cores are “good” then we still may need to drill up to 5 holes, even at more depth, to prove more of the resources. 15. If the Cores are “crashed in” or disintegrated then there may be some more drilling that has to happen. There could be 10+ drill holes that need to be twined (drill right next to the original hole) to get the data we need for NI 43-101 Compliance resources. 16. JVs are on the horizon but the report is needed to help with the details so progress can be made on the JV potential. 17. I asked if he was considering a JV with Tek Cominco. He has no problems with doing a JV with them because “he knows the right people there.” He would rather deal with them but he is not against “shopping around for the best deal either.”
Date: Monday, November 19, 2007 2:50:45 PM In reply to: None Post # of 20783
In speaking with Scott Keevil today…
From speaking with Scott today, I believe that SRSR is the real deal. I don't remember everything verbatim, but everything that we have been reading here within the SRSR forum has been spot on!
I told Scott that I am a small time investor who simply appreciates all that he and his TEAM are doing and planning on doing for us SRSR shareholders. He stated that much is being worked, but cannot be released until after he comes on board as the new CEO. I told him how many of us small time shareholders have had bad experiences in mining companies before which made me feel as though I needed to at least speak with him. I told him that it was not because I and others were questioning the integrity of what was PR-ed. He told me he understood.
One of the things I was glad he mentioned without me asking was that he wants to file a SB-2 to get SRSR out of the pink sheets. He said he wants to first get SRSR fully reporting and then on to the OTCBB. He said that it is not a fast or overnight process, but that he feels very confident he could do it. He said that he looks forward to the challenge.
He also explained to me that he chose SRSR because of liking the challenge and most of all because of the value they have in their properties. He said that he is fully aware of the Uranium valuation especially given the location they are in.
I don’t want to turn this post into something that it’s not, but to answer any questions concerning my conversation with Scott, I recommend reading the past few hundred posts or so as our DD has been spot on. My thanks to everyone for sharing their SRSR DD as SRSR is the real deal. I recommend all to do their DD and I think they would see what we here already see.
Chairman of the Board, Teck Cominco Limited Director Since: 1963
Norman B. Keevil joined the Board of Teck Corporation in 1963 and was a member of the Board of Cominco from 1986 to the date of the merger. He is a graduate of the University of Toronto (B.A. Sc.) and the University of California at Berkeley (Ph. D.). He received an honorary LL.D from the University of B.C. in May, 1993.
He was Vice-President Exploration at Teck Corporation from 1962 to 1968, Executive Vice-President from 1968, President and Chief Executive Officer from 1981 to 2001 and is presently Chairman of the Board of Teck Cominco. He is a lifetime director of the Mining Association of Canada. Dr. Keevil was inducted into the Canadian Mining Hall of Fame in January, 2004. Dr. Keevil is a resident of West Vancouver, B.C., Canada and is 69.
Mr. Keevil is a member of the following Board Committee: Executive Committee -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
srsr has much more than some people think. read this:
questions and answers investor-keevil from another board
SRSR DD - 2008/04/10 09:47 pm An investor spoke with Scott on Monday..... I spoke with Scott this afternoon. Here is a summary.
1. Uplisting should have no effect on current shareholders. It will be the same capital structure but a different listing. 2. Scott has no preference for uplisting to the TSX or AIM. Right now, this is a US Company, a Nevada Corporation. He is looking at opening a Canadian office because he lives in Toronto and the Michigan office just does not work for him. 3. He ONLY joined SRSR because they were pursuing the Niobium property. He, as with most people, is leery of PINKIES. Once he knew about Lake Nemegosenda, he was sold! 4. There are some brokers getting involved but NOTHING will happen until we uplist! 5. They are looking at some financing but the timeframe for this is still up in the air and depends on uplisting…Does anyone see the theme here. We NEED to uplist. 6. He joked about listening to a $2M offer before a $200k offer. 7. I had done some DD on uplisting timeframes for TSX and AIM. He agrees with my assessment that this process generally takes 3 months. This is dependent on the report, reserves etc. so it is a moving target. 8. He stated that “We have $5-$6B worth of Niobium. We do not have any other information about other ores.” 9. Scott really likes the Geologist…he is a great geologist. 10. Report is at least two weeks away from being done because of the weather issues. He anticipates that a trip with the geologist will be next week, then one week for the report to be handed to Scott, and then maybe a week for Cam and Scott to review it and prepare the PR. 11. The Drill Logs have already been reviewed. 12. The geologist needs to see some of the Drill Holes BEFORE he will finish the report. 13. Also, the best thing that can happen is that SRSR can gain access to the historic Drill Cores. If so, this may allow the geologist to log in the new data (make it current). This would put us closer to NI 43-101 Compliance resources. 14. If the Cores are “good” then we still may need to drill up to 5 holes, even at more depth, to prove more of the resources. 15. If the Cores are “crashed in” or disintegrated then there may be some more drilling that has to happen. There could be 10+ drill holes that need to be twined (drill right next to the original hole) to get the data we need for NI 43-101 Compliance resources. 16. JVs are on the horizon but the report is needed to help with the details so progress can be made on the JV potential. 17. I asked if he was considering a JV with Tek Cominco. He has no problems with doing a JV with them because “he knows the right people there.” He would rather deal with them but he is not against “shopping around for the best deal either.”
Posted by: Micro Man Date: Tuesday, June 03, 2008 11:39:03 PM In reply to: homey_g who wrote msg# 20526 Post # of 20597
1) Roads are a priority, even for the sake of further drilling and transportation to and from the drill sites. 2) Audit should be done and released next week. 3) Financing is on the table. Should be announced very shortly. 4) Zone E could be just as promising as Zone D. They are looking into this now. 5) Uplist will be to OTCBB first and then TSX.V
Scott is working hard on many tasks all at once. Shareholders want updates on a daily basis. I would say to let him complete the financing and audit, release the uplist plan and then start on the road. In the meantime, Zone E could match the reserves found in Zone D. NI compliance will essentially give then the go ahead to start mining the metals. --------------------------------------------------------------------------------------------------------------------------------------------------------
and the newest member of the managment
would this top-guy give up his home on the other half of the planet to join Sarissa, if it would not be worth to do so??? I don't think so
ALAN ARTHUR HAWKE CURRICULUM VITAE
NAME : ALAN ARTHUR HAWKE
SEX : Male
DATE OF BIRTH : 28th May 1946
PLACE OF BIRTH : Auckland, New Zealand
CITIZENSHIP : New Zealand
MARITAL STATUS : Married
WIFE :
Michele Margaret Hawke PhD. (Geology) (Born 28/7/54) Consultant Petrologist specialising in Epithermal and Porphyry Petrology. CHILDREN :
Philip Alan Hawke (Born 18/12/83) Elana Michele Hawke (Born 18/06/88) RELIGION :
Christian POLITICS :
No Political Affiliation LANGUAGES :
English, Bahasa Indonesia MEMBERSHIP :
Member of the Australian Institute of Mining and Metallurgy. Membership number 100263 NEW ZEALAND ADDRESS :
65 Puriri Road, Pukekohe, Auckland, New Zealand. INDONESIAN ADDRESS : Jalan Kubis II Number 363, Blok A, Jakarta 12120, Indonesia NEW ZEALAND HOME PHONE / FAX : 64-9-238 4647 INDONESIAN PHONE / FAX : 62-21-720 8646 INDONESIAN HANDPHONE : 62-816 931 630 E Mail Address : mailto:ahawke@ibm.net
EDUCATIONAL BACKGROUND :
1951 - 1958
Papakura Central School. 1959 - 1964
Papakura High School Graduated with University Entrance. 1969
BSc. First Year, University of Western Australia. 1972 - 1973
BSc./BA Auckland University. 1975 - 1977
MSc. in Geology, Auckland University Graduated with Honours
WORK EXPERIENCE :
Dec 1964 - Oct 1965
Manager - Takanini Service Station Ltd. Oct 1965 - March 1967
Numerous Short term employment situations in Queensland, Australia March 1965 - Nov 1967
Mt. Isa Mines Ltd., Queensland. Staff Shift Foreman, in charge of the blast furnace, lead smelting operations. Nov 1967 - Feb 1969
Carpentaria Exploration Company, Cloncurry, Queensland. Geological Field Assistant involved in Geophysics and copper exploration within the Mt. Isa Cloncurry Area
Queensland Mines Ltd. Mt. Isa. Field Assistant involved in Uranium exploration within northwestern Queensland.
Western Nuclear Ltd., Darwin, Northern Territory. Senior Field Assistant/Prospector involved with base metal exploration within Arnhem Land and Tenant Creek areas of the Nothern Territory. Prospector/Area Manager Uranium Exploration, Kimberley Region, Western Australia.
1969:
First Year BSc., University of Western Australia. Passed Geology, Mathematics and Botany. Dec 1969 - Jan 1972
Falconbridge Exploration P/L, Perth Western Australia. Geologist in Charge of Nickel Exploration within the Pilbara region of Western Australia. 1972 - 1977 BSc. And MSc. (Geology) Courses at Auckland University. Part time work with South Auckland Caravan Center. 1978 - April 1980
South Auckland Caravan Centre Ltd., Auckland, New Zealand. Business Manager in charge of Purchase, Sales and Service. April 1980 - Oct 1980
Joined CRA Exploration, Melbourne, Australia. Based in Wellington, New Zealand. Duties involved the establishment and running of an office in Wellington, and the establishment of mineral exploration programs including tenement applications. Nov 1980 - Dec 1980
Geologist in Charge of regional exploration within the Northwest Nelson area. Exploration was of a “grass roots” nature with the emphasis on precious and base metals. This exploration identified and defined the existence of a major hard rock gold prospect as well as the existence of several other minor prospects. Jan 1980 - May 1980
Geologist in Charge of Tungsten Exploration within the Southern Alps region of New Zealand. This work was helicopter supported. Exploration was undertaken within a 1500 sq km area and consisted of geochemical sampling as well as the night time traversing of all rivers and streams using ultra-violet sampling techniques. This work successfully defined a number of Tungsten (scheelite) rich zones that were subsequently followed up with more detailed exploration. June 1980 - Nov 1980
Alluvial Gold evaluation and land acquisition within the South Island. Dec 1980 - May 1984
Geologist in Charge of exploration of the Sams Creek Project. This work consisted of basic regional exploration of the area surrounding the main prospect, with detailed surveying, mapping and sampling follow up of the area of interest. This work led to a detailed diamond drilling program within a topographically and environmentally difficult area. A resource potential was identified and further detailed investigations evolved from this work. Duties also included licensing of the ground, liaison with Government at all levels, liaison with local landowners, public relations management, legal liaison, supervision of staff within the project. Geochemical sampling, mapping and surveying, supervision and construction of all facilities required and supervision of all diamond drill core logging, geochemical and geological evaluation. Dec 1980 - May 1984
Other duties within the period included the supervision of numerous field parties, the evaluation and acquisition of potentially prospective ground, report writing, data compilation and evaluation, office administration. May 1984 - Nov 1985
CRA Exploration, Papua New Guinea. Geologist in Charge of numerous regional exploration groups and directly responsible to the Senior Geologist PNG. Exploration work was undertaken throughout Papua New Guinea and involved the regional evaluation by geochemistry and geological investigations of some 1500 sq km. This work defined and outlined the existence of numerous potential gold prospects including the Hidden Valley Prospect. This work was undertaken in topographically and logistically difficult country. Duties included area selection, licensing, landowner negotiation, staff supervision at all levels, logistics control, regional exploration including geochemical sampling, geologic mapping and evaluation of prospecting areas.
Dec 1985 - 1988
Project Geologist for PT Kelian Equatorial Mining, Indonesia. Work involved the development and supervision of geochemical, geological and geophysical exploration, diamond drilling and ore reserve estimates of the Kelian ore body and supervision of regional exploration on the Contract of Work area. This work also involved the establishment of the support systems for the project. 1988 - 1991
Site and Construction Manager for PT Kelian Equatorial Mining (CRA – Riotinto Group), during the Feasibility and Construction Phase. Work involved data gathering for matters related to the feasibility study. Set up and managed catering in two messes for all site personnel which at the height of construction reached 200 expatriates and 1800 Indonesian Personnel. Set up and initially managed the logistics and stores for all supplies into the project as well as all mine and processing construction requirements.
Set up and managed local construction of accommodation, recreation facilities, offices, as well as ground improvement and associated services. Set up and managed personnel and administration services. Set up Community and Government Relations Departments. Set up and managed Language Training Programs and facilities. During the construction phase was responsible for over 600 employees. Project construction costs were US$230 million.
1991 - March 1993
Manager Site Services for PT Kelian Equatorial Mining. Responsible for Messing and Accommodation on site; Personnel Department; General Site Administration and Communications Department; Safety, Security, Fire and Medial Department, Community Relations Department, Government Relations Department, Local Construction, Maintenance and Transport Department. Also had total responsibility and accountability of the project to the Government as the Kepala Teknik (Manager Technical). March 1993 - June 1994
Site Manager for PT Newmont Minahasa Raya in North Sulawesi. The Minahasa gold project, at this time, was in feasibility study stage and preparing for construction. Was responsible for all Site Activities including Messing, Accommodation, Store, Logistics, Community & Government Relations and Administration. 1994 - April 1996
Consultant to PT. Sasura Cahaya Anugrah, an Indonesian Company set up to provide Geological Consulting Services, Project Management Services as well as the importing and exporting of product. May 1996
Consultant - Gold Exploration. Project East Kalimantan. June 1996 to November 1997
Vice-President - Exploration for Atapa Minerals Limited, Toronto, Canada, a Joint Venture partner with Aneka Tambang on the Cikotok Super KP, West Java, Indonesia. President Director of PT Atapa Mineral Services, the Indonesian operating company for Atapa Minerals Limited.
Duties involved in setting up all office and field requirements including staffing, for an aggressive exploration program, based in West Java.
Also actively involved in Joint Venture negotiations with Aneka Tambang for the Cikotok Super KP.
Exploration within the Cikotok Super KP resulted in the identification of 46 prospects one of which was taken into a feasibility study for gold production. The other 45 prospects are in various stages of exploration.
Responsible for compiling and undertaking technical presentations to the Company Board, Shareholders meetings and Financial Anaylists in North America.
Responsible for Country and prospect evaluations – visited Cambodia, Thailand, Bangladesh, India and Pakistan.
Atapa Minerals Limited were not able to raise further funding for exploration therefore reduced all exploration personnel at the end of November.
15th January to 31-7-98
Director of Exploration for PT Krueng Peusangan Takengon an affiliated company of Minorca Resources Inc., Toronto, Canada. Main area of interest is the Aceh Province, North Sumatra. Minorca have reduced their operating staff within Indonesia due to the current economic and political situation within Indonesia. 1st August to Present
Consulting to PT Senong Corporindo as Technical Director for The East Kalimantan Railway Project. This project is investigating the economic and physical practicalities of building a standard gauge railway combined with port handling facilities to service the coal mining industry in the central area of Kalimantan. Project Capital cost estimate is US$450 million. 15th September to 3-02-99 Consultant to Meekatharra Minerals Ltd (Australia) subsidiary, PT Natarang Mining. Consulting brief was to “review and revise all capital and operating costs as well as mining and processing of the gold/silver rich ore from an underground mine with a planned production of 100,000 tonnes per year plus all associated services which were included in a feasibility study which was completed in 1996”. This study significantly reduced Capital cost from US$15 million down to US$10.5 million as well as significantly reducing the operating costs for this Project. This project is in South Sumatra and is currently waiting for funding before proceeding to construction.
1994 to present
Director of The Java Connection (New Zealand) Limited, an import/export and consulting Company.
PUBLICATIONS : 1. M.Sc. Thesis. Auckland University 1977 Some aspects of Metamorphism in the Hunua Metagreywackes.
2. Journal of Geochemical Exploration, 35 (1990) 1-61. The Kelian Disseminated gold deposit, East Kalimantan Indonesia Theo M. Van Leeuwen, Terry Leach, Alan A. Hawke and Michele M. Hawke
3. Journal of Metamorphic Geology, 1992 Diagenesis and very low grade metamorphism of volcaniclastic sandstones from contrasting geodynamic environments, North Island, New Zealand ; Murihiku and Waipapa Terranes. Phillipa M. Black; A.S.B. Clark; A.A. Hawke
Date: 27th May 1999.
Alan A. Hawke ahawke@ibm.net -----------------------------------------------------------------------------------------------------------------------------------------------------------
in addition to jim's post refering keevil family and the absurd thought of some people here they could be involved in a scam.. lol
Posted by: sweetpepperjam Date: Thursday, November 29, 2007 11:25:40 PM In reply to: None Post # of 20793
Dr. Norman B. Keevil(Scott Keevil's father) is quite a guy. What else can you say about an engineer who graduates from the University of Toronto with a B.A.Sc., then picks up a Ph.D. at Berkeley, and becomes committed for his next 43 years to what must be accounted British Columbia’s long-term mining leader, TeckCominco. In an industry populated by executive nomads – and I am one to talk – 43 years of single-purpose dedication is itself something to talk about.
Under his leadership, Teck Cominco grew from annual revenues of $11 million focused on one mine, The Sullivan, and one lead-zinc smelter, Trail, to operations around the world and more than $4 billion in sales today.
Here’s a skills test: what annual growth rate is required to grow from $11 million to $4 billion in 43 years? Answer: about 15% per annum, compounded over four decades. Here’s another skills test: what Canadian mining company has a cash flow larger than that of Inco and Falconbridge combined, no net debt and $3 billion in the bank? You’ve got it!
Posted by: stervc Date: Friday, January 18, 2008 2:23:50 AM In reply to: jim6103 who wrote msg# 7032 Post # of 20794
Jim6103, with SRSR, let it be known…
I have always had the utmost respect for you and your thoughts and the major contributions you have made to this forum. However, when you have any stock with an ”officially confirmed” potential valuation of $4.7 Billion from the Canadian Government, then it’s really going to be hard to be conservative.
The current Market Cap for SRSR is:
.011 x 725,866,058 Fully Diluted OS = $7,984,527
That Niobium property acquired by SRSR now gives us an ”officially confirmed potential” Market Cap of $4.7 Billion.
Now that’s not saying that SRSR is going to capture all of that potential, but that is saying that there is a huge disparity in comparing the SRSR current Market Cap of $7,984,527 with the ”officially confirmed potential” Market Cap of $4.7 Billion. Now consider the post below again. http://investorshub.advfn.com/boards/read_msg.asp?message_id=26076868
Keep in mind that the “Number 1” reason why people buy stocks in the market is because of its potential. I can name a few stocks for examples, but one stock in particular has just gone from the sub-penny range to .185 per share with nearly 10 times less potential valuation and that “potential” valuation wasn’t “officially confirmed” either. Again, SRSR has nearly 10 times that amount of valuation than from that other stock with a nearly the same OS and similar Float.
The 188,000,000 pounds of Niobium is something that I didn’t create or speculate about though. That is factual for ”officially confirmed” potential valuation by the Canadian Government that I did not make up.
No matter how you slice the pieces to the cake, there is nothing conservative about 188,000,000 pounds of Niobium especially since it costs $25 per pound. I’m sorry if I am having a hard time understanding this. Go to CBMM website below to see why going through that website makes it even harder: http://www.us.cbmm.com.br/
Let me make sure I understand the level of your conservatism of which you are referring. You are saying that out of the $4.7 Billion in valuation, we could see a near-term profit valuation of SRSR equating to a high of 3% of the $4.7 Billion estimated reserves derived as indicated below:
188,000,000 pounds x $25 x .03 = $141,000,000
Then you say that we could then derive an Earnings Per Share (EPS) as indicated below:
$141,000,000 ÷ 725,866,058 Fully Diluted OS = 0.194 EPS
Now, the part that you left off was that the EPS must be multiplied by a PE Ratio to capture the current growth rate for its Sector and Industry that it trades in comparison to like stocks. To keep people from thinking that you are pumping (LOL), I will use 12 as a conservative PE Ratio to derive below:
.194 x 12 Conservative PE Ratio = $2.33 Current Potential Share Price
Ok, I’ll tone it down a bit and go with your thoughts (LOL)!
Posted by: jim6103 Date: Monday, April 14, 2008 12:14:59 PM In reply to: None Post # of 20796
The movement of the stock is no surprise as the market is finally starting to take SRSR, the estimated 188,000,000 lbs. plus Nemegosenda resource, and the imminent Hawk confirmation/recommendation Report seriously. The big question on my mind is what we can expect in the way of PPS once we get a resource or strong confirmation of same.
Since SRSR is an exploration company with no income, the market values the company in 3 ways:
1) Management
2) NI43-101 reserves
3) Anticipated future reserves, i.e. blue sky
The first major move in the stock to an interim high of .015 from .0003 was done largely on the basis of the new President/CEO Scott Keevil coming aboard. The company had no known reserves, only had a broker agreement for the Nemegosenda property, and no other work done on the other 4 properties. Due to real good DD on the part of some on this board, we started DDing Nemegosenda before the Company purchased the property. The stock still didn't react very much until this past week and I believe it to be in anticipation of a positive verification of the Niobium in Zone D.
The best way to predict a stock price is to find a stock in the same status as a comparison. We are fortunate to have a Niobium/Tantalum exploartion company that already has NI43-101 reserves. It is very easy to compare.
We simply take the market capitalization of the company (Commerce Resources) and divide it by the total market value of the reserves and come up with a % of reserve value. This percentage of reserve value can then be applied to SRSR as a fairly good guesstimate of what we may be selling for when we announce reserves. I am going to make 2 price estimates - one on the spike when reserves are announced and the other being a retrace/consolidation level.
Commerce Resources spiked to $1.75 with 140,000,000 shares fully diluted on reserves of 59,844,200 lbs. Niobium and 10,800,800 lbs. Tantalum. Market price of Niobium $26/lb. ; Tantalum - $70/lb.
Price spike of Commerce Resources after NI43-101 reserves established:
1)(MKT CAP) - $1.75 X 140,000,000 shares = $245,000,000.
2) MKT VALUE of RESOURCE: 59,844,200 lbs. X $26 = $1,555,949,200 10,800,800 lbs. X $70 = $756,056,000 $1,555,949,200 + $756,056,000 = $2,312,005,200
3) (MKT CAP) Divided by (Total market resource value) = % market value of resource. $245,000,000 Divided by $2,312,005,200 = 10.6%
10.6% is the percentage of the resource that makes up the value of the company(market capitalization).
Applying this to SRSR, we make the assumption that the reserves will be 188,000,000 lb. of Niobium. I believe that this number will prove to be very low, but for the purpose of this guesstimate, I'll use the old estimate from the 1987 Sage Report.
Market resource value: 188,000,000 X $26/lb. = $4,888,000,000
(MKT VALUE) $4,888,000,000 X 10.6% = (MKT CAP) $518,128,000
PPS = (MKT CAP) $518,128,000 Div By (Shares Out) 725,688,058 = 71 cents
Commerce Resources has since settled down in a trading range and is today at $1.04. We do the same calculations:
$1.04 X 140,000,000 = $145,600,000 MKT CAP Div By $2,312,005,200 = 6.3%
SRSR projected PPS after initial price spike:
$4,888,000,000 X .063 = $307,944,000 (MKT CAP) divided by 725,688,058 shares = 42 cents
If SRSR should be valued the same as Commerce Resources had been and is valued in the market, then when reserves are fully recognized by the market, the preceding calculations could give us an initial idea of what to expect. I only used the old estimate of 188,000,000 million lbs. of Niobium and every indication is that this figure is very low. We also need to consider that the price of niobium is on the rise. I also didn't take into account the 5 other targets on Nemegosenda and also the 4 other very promising properties in SRSR's portfolio.
Long term this stock is in the dollars. First things first!.....Cheers...Jim
Posted by: jim6103
Date: Monday, April 14, 2008 12:33:16 PM
In reply to: jim6103 who wrote msg# 12461 Post # of 20797
Thought I had better make a chart for the anticipated other values of SRSR's projected resource and corresponding PPS.
On an initial price spike of resource announcement:
Date: Saturday, April 19, 2008 1:38:00 PM In reply to: None Post # of 20798
SRSR price forecast - 30-90 day time frame:
With all the excellent information that this board has supplied in the way of sound due diligence and assumptions based upon those observations, I would like to present a new price forecast. My major assumption is that the price of SRSR will spike to 10.8% of its NI43-101 reserve compliant market valuation. I use this parameter as Commerce Resource's price spiked to this valuation as their reserves became known. There is no guarantee that SRSR's price will follow the same path, but it is at least based upon the price history of another Niobium/Tantalum junior exploration company. I believe this to be an apple to an apple comparison.
Major assumptions:
1) 376 million pounds Niobium @ $29/lb. = $10,904,000,000 market value
2) Tantalum occuring at the same ratio as at Commerce Resources Fir Deposit: 5.6 lb. Niobium to 1 lb. Tantalum = 67,142,857 lbs of Tantalum @ $70/lb. = $4,700,000,000 market value
3) Total estimated resource for Lake Nemegosenda -
$15,604,000,000
5) Fully diluted stock: 725,688,058
6) No estimate of Niobium/Tantalum for the other 5 targets of the Nemegosenda property as there is no basis for an assumption. Note that this price estimate may prove to be low based upon this omission.
Total Resource Value ($15,604,000,000) X 10.8% = $1,685,232,000 (market cap)
Price per share estimate = $1,685,232,000 Div by 725,688,058 =
$2.32
When can we expect this conservative price estimate? When the NI43-101 compliant resource status is achieved. This question will be better answered after the Hawk comes out. And no, I don't expect that this price will be hit as a result of the hawk as I don't expect a 43-101 coming out of the Hawk. I would, however, be tickled to be wrong.
Long term, I still believe that this price estimate is understated as we have 5 other targets on the property and 4 other properties in the portfolio that have not been included in this $2.32 price estimate.
All worth the wait for this potentially life changing stock....All the best....All opinions....Jim
1. Start-up junior mining company with 5 properties currently. 2. New management of stellar quality. Scott Keevil, new CEO (Dec 1, 2007), is from mining royalty, a third generation miner. His father is chairman at Teck Cominco (TCK), and as majority shareholder is valued at $11 billion. Teck Cominco has made clear they are interested in strategic joint ventures. 3. Scott is not paid a salary, but was given 30 million restricted shares (2 years until Nov 2009), and is very concerned about maintaining shareholder value, which was reiterated in the June 5 update. He is delivering on what he said he would do. 4. Recently hired geologist Dr. Cam Cheriton is a top name in his field with 50 years experience in the mining industry and adds instant credibility to Sarissa. 5. Scott’s first acquisition, Nemegosenda, had 50 year old Gulf study indicating niobium on the property. Two samples also indicated various REE (rare earth elements), but REE’s were not a big deal back then. They are now. 6. Sarissa commissioned independent geologist report from Hawk Engineering to verify Gulf study. Released in May, it confirmed at least $5 billion in niobium in one zone alone, and was described as a “world-class asset.” 7. Conversations with management unofficially indicate the Hawk report was understated. Privately, they believe Nemegosenda has $15 billion in niobium and tantalum (tantalum is always found with niobium). We are still not talking about (a) REE’s, (b) other properties, or (c) resource price increases in the next few years. 8. Sarissa is currently suffering from being a pinksheet stock, where pump and dump is rampant. The company is taking steps to uplist to an exchange where it will have more credibility, as well as access to many investors that can’t or won’t touch a pinky. Specifically, they have engaged an auditor for its financial statements. A press release could be coming soon, although the actual uplisting is likely 2-4 months away. Investor Relations has recently indicated that they will first uplist to the OTCBB exchange, and subsequently the TSX.V exchange. 9. Following the Hawk report, the next step is to drill core samples and have them tested for niobium, tantalum, the REE’s etc. The company has told shareholders that they will drill in both Zone D and the East Zone, which both have most promise. This is being set up, exact stage unknown, but test results should be in July-August. They first need to clear some roads for the drilling equipment, of which almost 2000 feet has already done as of June 5. The company also indicates a 580’ foot adit from 50 years ago is dry and in good condition to rehabilitate and will assist with this phase. 10. Ultimately, the company needs to document compliant reserves, known as NI43-101 standard. A second phase of drilling of core samples and testing may be required to ultimately meet this standard. At this point, it seems very possible that this second phase would also occur in 2008 before winter would suspend such operations. However, from people knowledgeable of the process, the first round of testing is most critical to shareholders and potential partners in proving the value of the reserves, and subsequent testing is more of a routine process. 11. Valuation estimates based on companies on similar tracks (Commerce Resources) indicate the company could be valued at 5-20% of NI43-101 reserves, and this is in a depressed stock price environment for these companies, a condition expected to reverse in the next couple of years. See Eric Hommelberg’s article (http://www.kitco.com/ind/Hommelberg/may282008.html). 12. Niobium is used in steel production. The REE’s are critical to many modern products, including batteries, headphones, disc drives, cell phones, etc. China currently controls most of these markets. More details on these elements and their uses are easily available on the web. 13. The value of the company once it has compliant reserves is dependent on the total resources available, the price of these elements, and the percentage put on these mining companies. Shareholders estimate significant price increases when the stock is uplisted, when the first core sample test results are available, and ultimately when the reserves are compliant. Also important would be the announcement of their extraction method. 14. Sarissa has four choices – (a) develop the mine themselves, (b) get bought out, (c) take on a partner or joint venture, or (d) a Chinese off take agreement. From conversations with the company, the last two are more likely, and are better for shareholder value. It has been suggested that Scott Keevil wants to make Sarissa his legacy and is not interested in selling out. A Chinese off take agreement is where the Chinese guarantee they will buy all of the product at market prices or at an agreed floor price, and put up the resources for Sarissa to extract the resources. The company is obviously developing these options but has not yet had to disclose them. 15. A June 3 PR may lead credence to last option: Sarissa has appointed seasoned mining industry veteran and project geologist, Alan A. Hawke B.Sc. M.Sc to its Board of Directors. Mr. Hawke, currently based in Tianjin, China, will offer his considerable experience to assist Sarissa in the ongoing exploration program of its Nemegosenda carbonatite deposit and extensive industry connections to source new and compelling exploration properties for the Company's property portfolio. In a 30 year career on three continents, Mr. Hawke has operated in key managerial roles -- encompassing mine development and construction management -- with prominent mining companies including eight years in Indonesia with PT Kelian Equatorial Mining. 16. The major risk to this company is a commodity collapse, which given the recent price increases, and the continued need for steel, batteries, and gadgets, is not very likely. 17. The company obviously believes the current share price “grossly undervalues” the company, and indicates that insiders have been buying the stock on the open market as well. While a pink sheet stock does not have to disclose more details, the company has indicated that approximately 450 million of the 740 million shares are “tight”. 264 million are restricted, and the rest being held by people close to the company that are holding for much higher values. 18. Estimates of the potential for this company vary widely, but once uplisted and initial tests are complete in 2008 the stock could conservatively reach $0.30 to $0.60. Once compliant reserves are established and the JV or method of financing extraction are complete, and evaluation of its other properties potential is known, the stock could trade between $1 and $5 in the 3-5 year time frame. 19. SRSR is currently trading around .03 per share. Incredibly, since the Hawk report came out, verifying the mineral resources, the stock has drifted lower 11 out of 12 days. This is primarily attributed to the pink stock environment, where first shorter term traders were selling on the news, and subsequently where market makers are walking the stock down. The June 5 update also makes clear that 154 million shares became unrestricted recently, which undoubtedly is applying some selling pressure.
BOTTOM LINE: A company with billions in reserves and stellar management very concerned about shareholder value suffering from pink sheet status is making all the right moves and is currently trading for pennies! Truly a retirement investment opportunity! Watch for uplisting, drilling test results, NI 43-101 compliance, extraction plans, and other positive management surprises!
Market Data 
Markets 
AI
