RE: RE: RE: Who Will Cheer the Passing of.....Don`t twist too hard there Vicky, you may end up hurting your back and be unable to join your buddies in the boiler room. What I said about the Y Lake comes straight from the president, now are you slandering him? Careful there Vicky! Calling him a liar are you? Y Lake is a very shallow anomaly that runs for over 20kms, which means it most likely will be an open pit mine if they can prove up enough to make it worth while. The grades do not have to be out of the ball park for another open pit to be put into production. And from the presidents mouth, they are hoping that this area could be another Ferguson Lake sized project. He also said that they weren't allowed to drill the hot areas in this zone because permitting wasn't in place, they will drill that this year first and foremost. They were able to gather a lot of information about the North Zone, Grizzly and more importantly the Y Lake claim area which will help the pin point their drilling into the heart of the anomalies.
What Vicky doesn't understand is that we are in a new world. Back when Vicky is alluding to, China was not growing at 15% nor India at 10-15% Yes, they have slowed this year but they too are spending hundreds of billions more than normal (if not substantially more than that), which was already in the hundreds of billions. You see Vicky, these developing countries are continuing to spend, building high rises, roads, bridges, everything. You put that together with the trillions being spent around the world(all on infrastructure) means there will be unprecedented demand for resources. The only fear I have is that we will go through this again in a few years because commodities have gone up so fast. But in that time SRU should be sold off to a major, at a handsome price I may add.
There are more and more economists coming out saying exactly what I am saying, that we will see unprecedented shortfalls in commodities, oil, gas, iron ore, nickel, copper, potash, you name it, it will go up to unseen heights.
Sulphuric acid demand will also pick up, and guess what Vicky, SRU has a neighbour (Areva) who may just be starting to mine for uranium, this is a mine that will require large amounts of sulphuric acid, how convenient that you left that out? Now you will be saying Uranium is low in price and that Areva is not going to develop. You couldn't be more wrong on this one, Uranium demand is going to go through the roof in the next ten years, China is building something like 20 reactors alone, let alone all the other countries. even in Canada, Alberta, Saskatchewan and Ontario are looking at reactors. The demand will be higher than production and even marginal uranium mines will become very economical.
The world will soon have over 7 billion people and to feed that many people come a big demand for fertilizer. Production of fertilizer demands a lot of sulphuric acid as well which will put even more pressure on the balance between demand and supply.
Now, all this money that is going into infrastructure will call for a huge demand for steel. Guess what Vicky, steel is made from iron ore! Iron ore prices have come down some but will pick up in the very near future when the infrastructure spending gets going. What will prices be then Vicky? See Vicky if you only would think outside the box for a minute, you too would see how SRU will become a very valuable project going forward.
Vicky, another thing you conveniently leave out is that there is less and less undeveloped projects. They are getting harder and harder to find and the only places that you are going to find them now is in remote locations such as SRU's. Thing is they have no problems finding money(like the last PP), they have a man who has made a living at investing in oil/gas and mining holding 50 million shares and have a property that they have only touched a very small amount of. The main project remains open and will be drilled from underground when the project is in production.(cheaper, and yes Vicky that comes from the president as well) You also know that the deeper stuff in the west extension, 119 and 119 extension gets very thick(tens of metres in many areas) and that the grades get quite a bit better. This will take very little drilling to prove up over the hundred million tonnes mark. They already have 44 million and are not including areas where they have drilled but the drill spacing was not up to grade to include(such as the 119) The west zone extension will hold a substantial amount of ore alone, let alone the 119 and 119 extension which is another 5 kms or more long and remains open to the south of that. They could have drilled out a 100 million tonnes in the last few years but they decided to prove things up in the pit and west zone in order to take it to a feasibility study. The ore is too deep to spend money drilling it from surface and that is why they held off and will drill it from underground, this is quite common and don't tell people that it isn't.
I could go on and on all day to prove you wrong Vicky, that is just how wrong you are about this project. It is too bad that you were shot down by SRU, oh I don't know.... 8 years ago. They must have really p*ssed you off to make you this bitter of a person. By the way, how's the weather up there? Now, the question I have asked you for over 8 years Vicky......what are you doing here? Why have you never had a positive post about Starfield?(even I have had negative posts about them, mostly based on management, not the project) If you are not an investor why would you waste 8 years of your life dreaming up ways to twist facts around to bring out negative posts? why Vicky? Why?