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Gold/Mining/Energy : Sarissa Shareholders -- Ignore unavailable to you. Want to Upgrade?

To: TomOrrow who wrote (9)	4/10/2015 11:36:42 AM
From: Zilyunz	5 Recommendations Recommended By EvilRbt rubyslippers sense TomOrrow TravellingLight Respond to of 103

Wow, the questions. Anyway: Sarissa folks, contractors, and shareholders. No to doorknob picture. No. N/A. N/A. Chapleau. Driving. Probably. The highway. In a broader context, and I don’t intend in any way to speak for Scott, but of course his focus changed appropriately with the development and with the times. Early on it was validation. Drill some holes, bring in the historic work, and put the project on the map. While that did not go as smoothly as hoped, they got there. Next, shop the project for a partner. So they were at the PDAC for a couple of years, and there was an extensive effort worldwide to find a partner. From that it became apparent there was primarily one interested country at that was China. So China was pursued for two or three years, which perhaps brought about some slightly different drivers, but in the end despite at least a couple of potential deals, it did not work out for either side. And that is fine. I don’t look at that as any sort of failure any more than if you were trying to sell a house for which you need to get its market price of $300K and so far you were only offered $225K. No matter how appealing your product, in the end the buyer controls the purchase decision. And if China were to take control of the project and then sit on it, as they do with a number of foreign projects, it would not have been the great solution shareholders were looking for anyway. Against all of this was a backdrop initially of a rising demand for niobium of something like 10% a year, and a rising interest in niobium projects. But then in 2009 or 2010, something like $4 billion was invested in Brazil to double their output, and that took some of the interest away from new projects for a time. And China was clearly reaching the end of their boom phase in steel capacity and production. (Recent reports talk about China’s steel production dropping by 25% in the next 15 years. But even if true, that does not indicate any softening of niobium demand.) So then we have had a three-plus year bear market in commodities. However, in the past 12 months or so, we have seen a pickup in interest in niobium projects at Niobec, NioCorp, and the like. So obviously in 2014 they adjusted their focus to broaden appeal beyond China, not that China is completely out of the picture. So they are working to get a PEA out to fully legitimize the project, while also getting on a better exchange to enhance credibility. 2015 is the perfect time to be accomplishing those goals. We all believe that Nemegosenda is the fundamentally superior mining project out there on almost every factor. These goals will enhance the project from a marketing perspective. It should be an exciting time ahead. They don’t need to rush, as haste makes waste. They just need to get it right. They just need to execute. jmho