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Commerce Resources Corp V.CCE

Alternate Symbol(s):  CMRZF

Commerce Resources Corp. is a Canada-based junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is primarily focused on suppling of mixed rare earth carbonate and/or neodymium and praseodymium (NdPr) oxide to the global market. Its primary asset is the Eldor Property in Quebec. The Eldor Property is situated in northern Quebec approximately 130 km south of the town of Kuujjuaq. The Property is 100%-owned by the Company and is composed of 244 claims comprising approximately 11,475 hectares, including the Ashram Rare Earth Deposit. Capacitor Metals Corp. is the wholly owned subsidiary of the Company.


TSXV:CCE - Post by User

Bullboard Posts
Post by 0898on Sep 08, 2008 8:26pm
747 Views
Post# 15439675

Site visit

Site visit

Here are a few of my observations from my notes that I took at the laptop, some of it is information that is not necessarily site specific and which you may already know, but I found out -

in no particular order :

- Europeans were present at site ( newsletter, investors )
- Lobbyists ( former MP Ron McDonald ) who was very knowledgeable.  They will be working with gov'ts ( Canada, US) to bring awareness to Congo 'blood' tantalum that is on the market and being sold to China / Russia.  The upper fir deposit has an opportunity ( if the project is economical ) to be a large deposit in a politically safe country
- blood tantalum concept was addressed by US Kansas senator Brownback who raised issue in February of this year.  He hopes to introduce a bill to prohibit export of this supply
- 100th drill hole in current year drilling program at Upper Fir was started on Saturday ( huge cheer at dinner )
- US investment house representative/analyst was visiting property
- several geologists I spoke to felt very positive about the project being reaching end goal ( production ) - results were good from drilling in their opinion
- Management ( Dave, Axel, Chris ) very open and bullish about future of project - great knowledge of tantalum market dynamics
- reference was made by Dave at dinner that he was having dinner with Russians at some point.....
- Axel spoke briefly at dinner and was very confident regarding the project
- most people enjoyed an aerial tour of the property in the helicopter - it really put into perspective how huge the property is and that there is potential for much more drilling to extend strike and perform more infill drilling if they wanted to.
- right now they hope to have enough drilling done to extend the orebody size - the 3d maps were neat to look at.
- the orebody seems to be coming in at expected intervals - no real surprises in results
- hope to work on a prefeasibility study once drill results are completed - probably in next 6 months in my opinion

- Quebec property was discussed at Sunday presentation - lots of potential - current year drill program has finished with some promising results

Bullboard Posts