Sarissa Resources Inc (SRSR): No19one88 (& All), with your SRSR reason...

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Re: no19one88 post# 5067

Friday, 12/21/2007 2:03:10 AM

Friday, December 21, 2007 2:03:10 AM

No19one88 (& All), with your SRSR reasons...

I think there is a $4.98 Billion reason to add to that list of reasons you created for buying SRSR. I will further explain to show you this as it is “officially confirmed” by the Canadian Government as a fact, but please first read these posts below by “jim6103” to get a feel for what you are about to read in this post:

SRSR Valuation of Niobium if Brokered:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24951476

SRSR Valuation of Niobium if Mined:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24955796

Now understand that the figures within those above posts reveal a $2.2 Billion valuation, but actually half is not needed to be considered. The full amount of that Niobium valuation that SRSR had PR-ed back on 2 May 07 should be considered as it was "officially confirmed" by the Canadian Government. Let me explain this from my perspective from the facts that are already out there for the public to review.

The price of Niobium is $26.50 US per/lb as referenced in the article below:
(Some have stated that it is actually $30.00 US per/lb, but I will use $26.50 US per/lb.)
http://tsedb.globeinvestor.com/servlet/WireFeedRedirect?cf=GlobeInvestor/tsx/config&date=20070910&archive=ccnm&slug=412094_1

From the SRSR PR released on 2 May 2007:
http://www.sarissaresources.com/press/050207.htm
…The property was originally drilled in the late 1950s and shows the potential for an estimated 20 million tons of .47 percent Niobium in a 600 by 800-square foot area to a depth of 600-feet. …

To calculate the value, I will solve for X where X equals the total value of Niobium for the amount PR-ed…

X = 20,000,000 Tons x .47%
X = 20,000,000 Tons x .0047
X = 94,000 Tons

To convert Tons to lbs… 1 Ton = 2,000 lbs

X = 94,000 Tons x 2,000
X = 188,000,000 lbs

The price of Niobium is currently around $26.50 per pound

X = 188,000,000 Pounds x $26.50
X = $4,982,000,000 Worth of Niobium Valuation

Since these reserves have been officially confirmed by the Canadian Government, I think it's safe to consider the full valuation and not half. With the value of Niobium fluctuating from $25.00 to $30.00 US per/lb, that means the SRSR Niobium valuation fluctuates from $4.7 Billion to $5.64 Billion in valuation.

This does not include the SRSR claims with the Uranium, the Copper, the Silver, the Platinum, the Palladium, etc. as you have mentioned for your reasons in the post below:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25471763

The primary Niobium reserves from my research are located in Brazil and South Africa. Last year, it was thought that such reserves were in abundance. Later this year, some studies released that those reserves have been greatly depleted and are nearly exhausted. Guess what major area of Niobium is being greatly considered by a few majors? I think this is one reason why people are finally realizing as to why SRSR is still so undervalued even at these levels.

Consider the PR above released on 2 May 07 which stated that SRSR would get a 15% commission of the purchase price. Now it was mentioned by some investors that are familiar with mining that the property could sell for 3 to 4 times more than its valuation, but let’s just consider the wholesale valuation of $4,982,000,000 since it’s confirmed and not the unconfirmed retail valuation to keep this a bit conservative:

$4,982,000,000 x .15 = $747,300,000 Income Back to SRSR

I won't divide that figure by the OS to post the EPS to use to multiply by a conservative 12 PE Ratio. I'll let you have the honors of doing that to see where SRSR should be trading just based on its "officially confirmed" Niobium valuation alone. As a matter of fact, just take half of that amount and apply it to our SRSR OS to derive where SRSR should be trading. I think you now see why my answer was “Yes” to an earlier post when asked if we could expect another 25 bagger even from these current levels. Heck, I think it’s fair to expect much more.

Consider that our SRSR CEO, Scott Keevil, is the son of Norman Keevil who is the Chairman and majority shareholder of TCK:NYSE. Now consider if Scott Keevil’s dad wants to mine these Niobium reserves since TCK:NYSE has $5 Billion worth of funds set aside for Joint Venture projects. Hmmmm??? Please read the article presented by “sweetpepperjam” below on TCK:NYSE:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24955726

For those who are waiting for more confirmation as to whether or not Scott Keevil really is the son of the Norman Keevil of Teck Cominco (TCK:NYSE), well, he is as I confirmed it myself. I have spoken to Scott on more than one occasion and yes we talked about that. He really is the son of Norman Keevil of TCK. I say again, those who don't see it now, they will see it later. Anybody wants to take a guess as to what they have been talking about?

If you don’t understand anything further with SRSR, understand these posts below:
1st **The SRSR “New Beginning” Post:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24945823

2nd ** The SRSR “Be Patient” Post:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25414143

OK, also understand all of the valuation posts in the SRSR IBox too as they do hold merit as to the valuation of SRSR’s other mineral claims.

Here are some things that Niobium is used for to understand its demand:
1 - Niobium is used for stainless steel and high-strength, low alloy steels.
1a - These types of steel are used in large-diameter pipelines for oil and natural gas, in frames and wheels of cars and trucks and as microalloyed steel in structural applications.

2 - Niobium is a very important as an alloying element in superalloys for aircraft turbine engines.

3 - Niobium is used in pacemakers and other medical devices and can act as a superconductor when lowered to cryogenic temperatures.

4 - Niobium is critical to the United States because of its defense-related uses in the aerospace, energy and transportation industries.
4a - The United States has not produced niobium since 1959, as deposits are low-grade and economically unrecoverable. The United States imports 100 percent of its niobium because, although some niobium is recycled as part of the incorporation of steel and superalloy scrap in the alloy production process, no alloys are recycled for their niobium content.

5 - Niobium can be used in nuclear reactors and is known to be superconductive when alloyed with tin, aluminium or zirconium.

6 - Niobium is used in a variety of other electronic components.

7 - Niobium is used for strong welded joints.

8 - Niobium is used for earrings.

9 - Niobium is used in superconductor alloys such as Zirconium, Titanium and Copper.

We will be getting news from the company, but it will be on their own accord. The date is not yet known as the legal guy has to review some documents that were already signed off on some things. I think it’s fair by now to know that it’s coming soon. This I have confirmed with the company. As I have stated before with SRSR…

Here's to... "The New Beginning!"

v/r
Sterling

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