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Gold/Mining/Energy | Sarissa Resources, Inc. (SRSR)

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To: sense who wrote (597)	3/2/2012 7:32:43 PM
From: sense	of 3446

The last bit of that is interesting: Two separate processing schemes are utilized for niobium production. Those companies that mine pyrochlore convert the niobium oxide units into HSLA ferro-niobium through the aluminothermic reduction process or by reduction in an electric arc furnace. CBMM has installed capacity for the production of a high purity oxide that can be used to produce vacuum grade ferro- and nickel-niobium as well as niobium metal ingots via electron beam refining. The use of columbite and tantalum-bearing ores, such as tantalite, as feedstocks results in the necessity to process these materials chemically as described in the tantalum section. The purified niobium-containing process stream is generally converted to niobium hydroxide by the introduction of ammonia, followed by washing, filtration, and calcining to the oxide. Purities exceeding 99.99% can be achieved. Niobium oxide (Nb2O5) is generally the starting chemical for the production of other compounds, such as niobium chloride (NbCl5), niobium carbide (NbC), or lithium niobate (LiNbO3). Niobium metal is produced by the aluminothermic reduction of the oxide followed by electron beam refining. Niobium powders can be produced by the reduction of potassium niobium heptafluoride (K2NbF7) with sodium, or by the reduction of niobium oxide with magnesium. The various metallurgical products are generally produced from electron beam or vacuum arc melted niobium ingot. Double and triple melt ingots achieve a very high level of purification with respect to metallics and interstitial elements. Ingots are used to produce niobium alloys such as niobium-1% zirconium, niobium-titanium, C-103, Inconels, and others. Several capacitor manufacturers are developing capacitors using niobium metal powder or niobium oxide, and these models are gradually being brought to the market.

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To: rubyslippers who wrote (601)	3/3/2012 5:59:19 AM
From: sense	1 Recommendation of 3446

You're welcome. I've chatted a lot about how "what's in the rocks" is what matters. And, it's true that matters as the PRIMARY factor in "value"... but, it also matters in a lot of other, different ways. It's also clearly true that it matters what's NOT in the rocks... thinking... in terms of impurities that might be more of a problem in others rocks than in yours. It all still boils down to a cost argument, eventually, as you either have to pay more than competitors will to mine and refine the materials you produce, or, you'll have to pay less than they do... to get at least comparable products from the raw material that you have to work with. What the natural qualities of the inputs are... is a big, big part, not just of the cost in mining, and in the initial processing steps, but even more of a factor in the final cost... and the ultimate end value... that results from the later stage steps in the refining process for higher value products... If you just happen to have a unique material as an input... that either provides lower overall material costs... or that otherwise minimizes or simplifies some of the processing steps between the process inputs and higher value added end products ? About as good as you could hope for... would be to find an near ideal input material that was lower in cost to produce... that ALSO had features that made the processing of higher value added end products from that input, easier or cheaper than it might be for competitors to produce the same or similar products. It's a pretty complex set of issues... because the rocks are complex... and you have to, more or less precisely, tailor some aspects of the processes you design to the features in your rocks... whether those features are positives you can uniquely exploit (for lower cost, or higher value)... or negatives that become an necessary element of cost others won't have. Sometimes, even "problems" you have that others don't... can turn out to be a source of unique value... if you look at the problem, properly...

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From: Harmonic	3/3/2012 1:13:20 PM
	1 Recommendation of 3446

I cut up the PR into these various categories. *Completed:* we have now completed all option payments under the various acquisition agreements on the Nemegosenda property and now hold complete title to all of the ground, subject only to normal royalties, land taxes on our patented holdings, and provincial work commitments on our mining claims. *On going:* To date the optionor ("HKHE") has contributed a portion of the anticipated funding, and the first part of the metallurgical studies were contracted for and started in September, 2011. These are substantially completed now we are waiting for the report on the (the first part of the metallurgical studies were contracted for and started in September, 2011.) and for recommendations for the next phase. continues to work toward completion substantially along the lines of the original Option, although the timing has had to be extended due to the challenging market conditions. the Company continues to work with HKHE toward an anticipated closing, we have also considered it prudent to evaluate other financing options, both in China and Hong Kong, as well as North America and Europe. During the period in which HKHE had an exclusive option, the Company was approached by other companies with financing proposals, and is now evaluating these potential financing opportunities and partners to determine the best fit to quickly move the project to the next phase. the fact remains that we are continuing to advance our interest in this major asset. As well as beginning the advanced metallurgical engineering studies, *Yet to Start:* The geological modeling and further resource estimates, including further diamond drilling, have not yet been completed. (Confirmed by Merle as not started) *Disclosed:* During the period in which HKHE had an exclusive option, the Company was approached by other companies with financing proposals, and is now evaluating these potential financing opportunities and partners to determine the best fit to quickly move the project to the next phase. the optionors have been caught up in the general stock market and financing malaise, resulting in some of the anticipated funding groups involved in the original consortium having to drop out of their planned commitments. This puts us in a very strong position in evaluating the various financing options, as we have no major time sensitive commitments to make that could be used as leverage against us in negotiations. I know I have been frustrated by the timing over the past six months and I know what is going on behind the scenes, so I can only imagine how frustrating it has been for shareholders who are not able to see all of the efforts taking place in the background." Sarissa management continues to believe that a financing arrangement along the lines contemplated, and the proposed Spin-Out plan represent the best route forward in the development of the Nemegosenda property and in realizing maximum value for Sarissa shareholders.

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