Replies to post #35387 on Sarissa Resources Inc (SRSR)

[cmzio]

yes it does have mass quantities of niobium but wasn't economic enough to mine back in the 50's
there simply wasn't such a demand for a niobium back then

[overachiever]

I don't think they were specifically looking for Niobium in the 50s. I think they were likely looking for large quantities of Uranium or other more valuable minerals at the time.

The market for Niobium in the 50s was not all that good. Niobium was relatively cheap then and not widely used in steel production. it is only over the last couple of decades with improved technologies that niobium has seen a stronger market.

Tantalum was also not a highly desired mineral then. That market has developed with the electronics market (as in cell phones and computers)over the last 20 to 25 years as well.

[MoneyMan]

The Holder take a look at this. They did test chip samples from that audit we are all looking at.

http://www.sarissaresources.com/pages/posts/assays-from-nemegosenda-adit-confirm-presence-of-niobium-tantalum-and-rare-earth-element-mineralization37.php

[thegoodlifeGeo]

First, Niobium & REE's were not used much back when this study was done and these materials were mostly not worth mining at the levels it was going for on the market. Simple supply & demand thing. The cost of extraction would have far exceeded the profit. But that has all changed now.
We are now in the Computer Age Where mass quantities of REE's are needed for your Laptops, Flat Screen TV's, PDA's, IPOD's, Cell Phones, Video Games etc... and Steel production has changed Drastically where we are demanding Higher Quality Steel products resistant to corrosion and much stronger than they produced in the past. With the economy the way it is, this will continue to change and Niobium is going to be needed more and more. Prices for all these materials will continue to rise with the continued rise in demand.
Also, the main purpose of the Gulf study was exploratory.

Cheers,
TheGoodlifeGeo