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Chemical Assay Results.

Chemical Assay Results

. 22.1 metres (true-thickness) of high grade polyhalite across three beds

. 15.1 metres (true-thickness) of assays received to date across the three high grade beds with average polyhalite grade of 95.7% including 5.83 metres of continuous +99.5% polyhalite

. Grade and thickness of polyhalite in SM1 significantly exceeds previous JORC Exploration Targets and Preliminary Results

Uncrossed @32.75.

36p here we come!!!

In auction +0.8%

Selftrade log jam! Unable to trade SXX on-line at mo.

EDIT - Sold & locked in profit. Now to find something else as good as SXX!!!

What about Blinkx on the rebound?

In auction -9.6%

Just think of all those buyers yesterday morning at circa 35p. They must be a bit p*ssed now or maybe they are now out and nursing their wounds!
I'm still in and looking to add if the price is right.

TT - good luck, I'm out for now - I'm still a bit concerned about the time scales and probable fund raising.

Having said that - its been one of my best trading shares over the last 12 months.

AS old Mr Buffett says ,"don't hold for 5 minutes a stock that you are not prepared to hold for 5 years. "
And, this looks to be a 5 year stock if ever there was one!

I agree - but not yet and hopefully at somewhere south of the current price.

well great prospects here - and a bargain at this level (27p) - if should go south from here will not be for long - should easily be 30 to 50p of anyones splosh :-)))

i like this...

Chris Fraser, Managing Director and CEO of Sirius said:



"These results are outstanding. The thickness and grade of the polyhalite seams has exceeded all previous expectations and analysis. While we await the second batch of assay results, what has been received to date indicates much thicker and higher grade material than expected. There have never been grades or thicknesses like this in any polyhalite deposit anywhere in the world, confirming the York Potash Project as one of the world's most significant potash projects.

"The quality of these drill results, if repeated at our next holes, will result in a positive reassessment of a number of project concepts such as scale of production, bulk-mining methods, and processing routes. As a result we are looking for ways to accelerate development of the York Potash Project even faster to fulfil the Company's goal of becoming a major potash producer even sooner."

With a possible double dip recession coming and a very long drawn out process to get the approvals for this excavation, I don't think there is any hurry to get back in. Just my opinion, but I expect this to drift now into the New Year as there is no more news to come for the moment.

hc - fair comment but an update is due next week according to the rns and sxx have government backing i believe so i think an opportunity exists here perhaps

I guess the real problem is how to value Sirius. Not a question that we will have answered for awhile, methinks. However, the potential looks to be enormous.

I can only re-iterate my post 251.

30th November 2011:

http://www.stockopedia.co.uk/research/company-update-62345/

http://www.infomine.com/chartsanddata/chartbuilder.aspx?z=f&g=127651&dr=2y