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supermegadope

03/24/10 10:38 AM

#79782 RE: webpence #79781

Web,

I have been thinking of #2 a lot recently. Also could they sell the Hawke zone outright to fund mining the other zones themselves? I would think that scenario is a low probability but just wondering. Might not be possible to support two separate mining operations in that space
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syracuseo

03/24/10 10:42 AM

#79783 RE: webpence #79781

Thanks, web.....that was my 'assumption' as well. ( That Scott already knew about the extended zonage at the PDAC ) .

Lets face it, the more drilling and added confirmation of the value of the niobium deposits, will strengthen Sarissa's negotiating position for future JV partnerships....

Supposedly, there were already conversations with prospective JV partners for more than 2 years now, so, this is nothing new & was already planned as a necessity long ago.

So good, more than likely the 2010 timeline would seem to be itact. I am aware that the NI report is an add-on to the original completed last summer. I don't see the release of the udpate NI report as holding any SP value, as, we have already seem the 'sell on news' crowd is very strong here.....

The catalyst will be the JV partnership annoucement, or at least the anticipated build up to the announcement. Thats the biggie, IMO, and that is why I was wondering if the revealed necessity of drilling another 30-40 holes would cause any delays....if Sarissa decides to piecemeal out the zones and work out a JV partnership accordinglyfor the different zones, then agree, the timelines for 2010 should hold.

Still would be nice to get some giudance from the company though, as to how the increased zonage will affect their plans, as it obviously should have an affect ( being that it just increased their potential niobium deposits by about 5X ! ).

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Piecemaker

03/24/10 10:51 AM

#79784 RE: webpence #79781

Excellent observations!

If we have for distinct properties that opens the door to four distinct JVs.

Also, thhe total area of our magnetic "doughnut" (assuming the center is "Jelly" filled) is 15.34 square kilometers!

Formula: Circumference = 2 x Pi(3.14) x R = Pi x Diameter

Solving for R = 2.21

Area = R2 x Pi or 2.21 x 2.21 x 3.14 = 15.35



http://www.1728.com/diamform.htm