Member Info for corbine

Was wondering whether the Keiser may be following Walter Kansteiner original plans and considering the growth of palm oil plantations or establishing algae & jatropha farms to produce bio-diesel for SRX’s power plant which currently uses marine fuel oil… June 18th 2008 “Walter Kansteiner, Titanium Resources' chairman and a principal in the Washington consulting firm the Scowcroft Group, said Sierra Rutile is planning to grow palm oil at the mine to make biodiesel for its power plant. That would give it the lowest energy costs of any titanium dioxide producer, he said. “http://www.boullevortal.net/one-of-sierra-leones-biggest-employers-has-da October 17th 2008 “The TRG Board selected the Biodiesel Project as the first major project of the SRL Foundation because the location of the mine in the districts of Bonthe and Moyamba where palm oil production is the mainstay of the economy of these districts. The use of palm oil as feed in the Bio diesel Project is meant to boost oil palm production through the granting of support from the SRL Foundation to farmers to enable them to either expand their existing farms or to establish new oil palm plantations. The bio-diesel project would not solely depend on palm oil as its only source of feed. There are plans to establish algae and jatrofa farms that would significantly contribute oil feed for the bio-diesel Plant. The operation of the biodiesel project will therefore not in anyway result to an increase in the cost of palm oil for the local people. Rather, it will result to an increase in their income capacities. SRL have no plans to utilize the bio-diesel product which would be sold to consumers within the communities.” http://www.standardtimespress.org/artman/publish/article_3466.shtml “Jatropha is seen by many to be the perfect biodiesel crop. It can be grown in very poor soils actually generating top soil as it goes, is drought and pest resilient, and it has seeds with up to 40% oil content. - Jatropha grows well on low fertility soils however increased yields can be obtained using a fertilizer containing small amounts of magnesium, sulphur, and calcium. - Jatropha can be intercropped with many cash crops such as coffee, sugar, fruits and vegetables with the Jatropha offering both fertilizer and protection against livestock. - Jatropha needs at least 600mm of rain annually to thrive however it can survive three years of drought by dropping its leaves. - Jatropha is excellent at preventing soil erosion, and the leaves it drops act as a wonderful soil enriching mulch. - Jatropha prefers alkaline soils. http://www.reuk.co.uk/Jatropha-for-Biodiesel-Figures.htm Dr Jonathan Lee provided consultancy to TRG on bio-fuels projects and consults on the use of algae to provide oil for conversion into biodiesel. http://www.ncl.ac.uk/ceam/staff

Been digging a little more…Sisay attended a Presidential workshop in July 2008 at the State House, which President Koroma attended together with representatives from Koidu Holidings, Cenmats, Director of the Ministry of Mineral Resources etc… Sisay mentioned “Agriculture will be introduced into the Bauxite area as the land is reclaimed.- a 200 hectares Chiquita banana plantation, to be exported to Europe, will be introduced”… HOW TO ATTRACT LARGE SCALE INVESTORS TO SIERRA LEONE BY JOHN SISAY (Executive Director Sierra Rutile) “The community is already involved in making compost heaps etc., and in other earth moving activities, sealing the top soil once they try to reclaim the land to its former quality, but also finding alternatives uses for the land. So they are considering agriculture, and industrial, fish farming on some of the land. Within a month, fishing will be introduced into the main ponds. Agriculture will be introduced into the Bauxite area as the land is reclaimed.- a 200 hectares Chiquita banana plantation, to be exported to Europe, will be introduced, thereby diversifying the local economy, and creating more jobs and ensuring a longer term sustainability. " page 17 "Civil Society Representative: Re: the Rutile Banana project: civil society has no knowledge about the details – land tenure, export provision, amount of income to be generated, etc. Has the contract been awarded? Has permission been given for start of planting? Many senior government officials know nothing about this. Has land been allocated?" Page 22 http://www.slmineralresources.org/docs/pres_wksp_minutes.pdf

Sierra Leone at the crossroads: Seizing the chance to benefit from mining - NACE March 2009 “The latest company material lists a number of projects that will be supported by the foundation.152 The major projects include: • A biodiesel project involving plans to cultivate 5,000 acres of palm oil to produce biodiesel, involving the commissioning of a biodiesel refinery and the recruitment of staff for the plant. • Support for a banana project being undertaken with the transnational corporation, Chiquita Brands International, in which 3,000 acres of land have ‘been surveyed and demarcated’ near (but not in) the Sierra Rutile concession area. The company states that the project will provide 5,000-6,000 jobs to Sierra Leoneans, most of whom would come from the mining communities.” “NACE also question why the company is promoting a banana project with Chiquita , one of the biggest banana companies in the world, despite Chiquita’s reputation for poor labour relations. The project lies outside Sierra Rutile’s concession area.” http://www.christianaid.org.uk/Images/sierra-leone-at-the-crossroads.pdf page 28

yup-tis what we mused about when the Keiser was appointed back along - think there was a near peer comparison with another listed stock that was into the green agribusiness and their turnover was incredible. if people knew what 55000 hectares was, size wise? :-) see 71p just paid- there is less than 5% of shares with mainstreet. this can blow sooooo quickly. and of course prudential ( mng) the jpm and others arent selling- same as before when pala came to acquire control. offer was a fraction of where weve been since :-) imo

http://www.sierra-rutile.com/aim-rule-26.aspx note: pala 54% m and g (prudential) 19.66 % jp Morgue 8.88% nlcm 6.4% Investec 5.1% Gib1 1% :-)) less than 5% with the little indians :-) imo- :-)

250kt of rutile sould be within next 24 months? and then what of the zircon? ilmenite? the green gold agribusiness? the palm oil trials - a huge potential to get the agriculture working as a viable business model. then theres those rare earths and the fish ponds, cat fish etc. they could in theory stock millions of them, a stable food source in itself? todays rns doesnt imply the company will be sold in chunks. are we to deduce the whole company is being targetted? :-)) peer comparison? kenmare? thankfully srx doesnt have that type/scale of debt either :-)

lol :-) you caught up with latest presentation?..http://www.sierra-rutile.com/uploads/presentation_november2013.pdf

up 20%. wonder what 100 buys would do for the sp/mcap? and at what price the deal is being discussed. 70-100 year mine worlds largest NATURAL Rutile mine (not the toxic chinese craap) Ramping up towards 250,000 tonnes per annum. no longer one trick pony with old dredge. welcome to dry mining, lego moveable. zircon-ilmenite rare earths 2 per cent not factored into valuation within jorc. largest employer within sierra leone? the chinese have arrived. new infrastructure coming to sierra leone, railway,airport upgrade, roads, t a r m a c Whos buying SRX? Du Pont or Chinese East or West? :-)

Pala hold 54%. few shares in free float hardly any trades and up 20%..... :-)

Do you think it will be Pala out new co in, but keeping Mnsr Sisay aboard? as before Pala days when Wayne Malouf and the Bouille Family-Lepoard etc were there (times have changed) as has the company. ? Corbs:-)

Do you know who the buyer is? (allegedly?)

Du Pont? MolyCorp (wants the ree?) Iluka? Chinese conglomerate? worlds largest Natural Rutile Deposit,,,, Pala and Vlad Iorich whats the value? the plan isnt up to 250,000 tonnes per annum yet, Parliament want a "Chat" , so whats with selling at this time, Rutile/Zircon Ilmenite prices arent back to the top line -yet...... Waiting for the JORC Extensions too and the materialisation of the agribus-the green gold, and what of the value in situ of the rare earths? How do you put a value on srx? :-)))) corbs musing:-)

http://www.investegate.co.uk/sierra-rutile-ltd--srx-/rns/statement-re-possible-offer/201311190700113468T/

with srx tonnages and the improved production curve, thats a definite :-) the future looks bright. :-) and not reliant on old dredge any more either. some one once called us a one trick pony. sacrilige! :-)

:-)

http://www.sierra-rutile.com/uploads/presentation_november2013.pdf

it is then :-)

pension swop ? :-)

for a dozen :-)

Thankfully we dont have their debt or all the same issues do we ?;-)