Sarissa Resources Inc (SRSR): SRSR Platinum & Palladium Valuation View...

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stervc

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Saturday, 11/17/2007 5:00:53 PM

Saturday, November 17, 2007 5:00:53 PM

SRSR Platinum & Palladium Valuation Views…

SRSR has acquired 100% title to a Platinum/Palladium prospect in Shillington Township named the ‘Deadmoose Lake’ property in Northern Ontario. SRSR has commenced the process of becoming a full reporting US company.
http://www.sarissaresources.com/projects.htm

** A geological survey commissioned by the Ontario government tested every lake bottom (4,000 lakes in Ontario) for PGM’s-Platinum and Palladium. The Government site is below:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24371701

** The Deadmoose Lake had the highest PGM readings of any lake in Ontario.

The Price of Platinum & Palladium is $1,466.00 & $365.00 per ounce respectively as of 16 Nov 07:
http://www.kitco.com/market/

** An electro magnetic survey has confirmed drilling targets to be dug in the next stage of exploration work on the Deadmoose Lake property.
** These six claims consist of approximately 600 acres.
** The property was staked following the release by the Ontario Geological Survey of Open File Report 6061: Montreal River Headwater Area Sediment Survey, Northern Ontario: PGE Data-Operation Treasure Hunt.
http://lioapp.lrc.gov.on.ca/edwin/EDWINCGI.exe?IHID=090&AgencyID=2
(Cost is $20.00 to obtain Open File Report 6061 from the Government.)
http://sarissaresources.com/pdfs/Deadmoose_Analysis.pdf

After staking the property, the prospector and the Optionee in our agreement, John Rapski, had a proton-procession magnetometer survey conducted over all of the claims. The magnetic high was located at the west end of the property and coincides with rust stained water from the lake sediments and the warm spring. The working theory is that the PGM’s are being transported to the lake sediments up from the warm spring; the biogeochemical and magnetic surveys seem to confirm this theory. Therefore, the Company plans to drill three holes, of five hundred (500) feet each, on roughly, a forty-five (45) degree angle, into the spring’s base. The drill holes will be spotted (the place the where the drill enters and at what angle) by an independent, professional geologist and he will personally handle all the core samples until they are given to the independent assay lab.
http://www.sarissaresources.com/projects.htm

Deadmoose Lake property DD courtesy of Cmzio, Doubloon, & RIGATONI:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24615815
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24615465
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24616397
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24611056

SRSR Financials released on 13 Nov 07 (& Post) as of 30 Sep 07 confirms (& Explains) below:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12759
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24513398
** 693,566,058 Outstanding Shares (OS)
** $10,436 per quarter in Liabilities
** $81,717 per quarter in Expenses
** SRSR is virtually debt free

It's a little different to derive a valuation view for the amount of Platinum and Palladium that SRSR has because I was not able to confirm the official amount at this time that has been extracted from the geological survey of the 4,000 lakes commissioned by the Ontario government. I will reserve the option to deliver a fundamental valuation until an amount is officially confirmed by the Government. Still, from the info provided above, I think one could imagine a valuation for the potential that exists with SRSR considering our area had the highest PGM (Platinum and Palladium) readings of any of the 4,000 lakes in Ontario.

This is one of the reasons why I think Scott Keevil made the decision to become the new CEO of SRSR. The above is what I believe Scott will logically use as leverage to do a Joint Venture (JV) with a major company where they split what’s extracted 50/50; SRSR has the goods and the major JV company supplies the equipment, supplies, labor, and "know how" to extract everything out from the ground.

Scott has over 20 years of experience in the mining exploration industry. His family is historically known; especially his father and grandfather both named Norman Keevil. His father is the Chairman and majority shareholder of Teck Cominco which trades at $42.00+ as TCK on the NYSE. Please see the post below:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24432431

I trust the historical accomplishments of the Keevils enough to where some of those family genes of mining brilliancy have been passed down to Scott. I think Scott will do wonders for his new company, SRSR, as the new CEO. I would be very surprised if Scott’s father or some other major mining entity wouldn’t want a piece of this pie.

v/r
Sterling

Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29867262