TSX:SRU.UN - Post by User
Post by
LANNY9on Jul 24, 2008 2:55pm
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Post# 15326416
What Vicky et al Do Not Tell You
What Vicky et al Do Not Tell YouThey seem to try their best to mislead people. I have finally had a chance to re-read the scoping study and it does not show any kind of credit for hematite(iron ore), which we have lots of. I have also done some research into the iron ore that is part of the sulphide complex. I find that most companies are very happy with iron ore recoveries in the neighbourhood(yes, Jerry that is how us Canadians spell Neighbourhood!) of 60-65%. If SRU can recover something close to this then the price of nickel will become a non-factor. By the way, has anyone checked out the price or iron ore lately???? It is selling as high as $180/tonne and if we can get good recoveries then we are looking at anywhere from $150-$200 million more in revenue per year. This is not chicken scratch!! China needs the iron ore and who knows that may be the main reason why they have been to the property a few times.
You add iron ore, power, copper, nickel, cobalt, other by products and the pgm reef together and this project is looking better and better all the time. I do not think it will take long for the majors or the Chinese to figure this out, especially if they can prove decent recoveries of the iron ore. Remember even if they get 60% recovery, that is a great bonus to our overall project.
Plus they have good showings elsewhere on the property that could have gold and silver, diamonds and yet more streams of massive sulphides that run on or just below surface(open pit)
Looking forward to some news SRU!!!!!