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Gold/Mining/Energy : SRSR - Sarissa Resources Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Harmonic who wrote (110)	12/26/2011 2:49:16 PM
From: sense	Read Replies (2) \| Respond to of 132

Just go to their website and they have plenty of links to their recent musings... a recent 43-101 compliant report that is based on and focused on drilling the surface deposits... Their recent 43-101 is all good news for SRSR... because it shows exactly what we've been saying for the last few years... that the SRSR deposit is higher grade / lower cost and better for enabling profitable bulk surface mining... and that was true even before we started seeing the numbers from the SE zones coming in at higher values closer to the surface... and before we saw the IP survey results and the reprocessed magnetic data showing a 14km donut... of which they've only looked at maybe 20% of the total ? Otherwise, I agree with you on the "big picture" focus on events in the niobium markets... Competitors, whether that means IAMGOLD's Niobec interest, or the Brazillians selling off a 30% stake and giving up control... have been active in efforts focused on selling their interests. The family that controlled the Brazilian mines... decided now was a particularly good time to sell control in their interests. LOL!!! Maybe they're thinking about participating in HKHE ? IAMGOLD... has decided to spin out their Niobec stake... which they bought not all that long ago (in mining terms) from... who ? Teck used to own that property... didn't they ? I wonder why they wanted to get rid of it ? I'm not claiming the investment $ doesn't matter in unlocking the value, or that "the deal" doesn't matter... but, reality in mining is that the rocks got what they got... and what they got determines COST... and cost determines who wins the competition... SRSR has a strong hand... because of the fact of what the rocks have in them, and what that means... just as long as they're willing to play it, patiently, like it is a strong hand. Scott has proven himself capable of playing a strong hand... The patience we've seen... is exactly what I've been lobbying for over the last few years... and it appears it is resulting in exactly what you should expect... a slower moving effort in development... that has shareholders retaining a whole lot more value in the result than the shareholders would tend to realize otherwise... Others, of course... will find it useful to claim that proof SRSR can afford to be as "patient" as is required to maximize the value of what they own... means there is a problem... rather than the opposite... I think market reality... is that the $ being moved around now... is being moved for a reason... and the game of monetary musical chairs that we can see playing out in niobium investment now... matters to SRSR investors in ways that aren't generally being considered... So, my posts today tried to focus on that element of context in the competition...