Sarissa Resources Inc (SRSR): SRSR price forecast

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jim6103

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Saturday, 04/19/2008 1:38:00 PM

Saturday, April 19, 2008 1:38:00 PM

SRSR price forecast - 30-90 day time frame:

With all the excellent information that this board has supplied in the way of sound due diligence and assumptions based upon those observations, I would like to present a new price forecast. My major assumption is that the price of SRSR will spike to 10.8% of its NI43-101 reserve compliant market valuation. I use this parameter as Commerce Resource's price spiked to this valuation as their reserves became known. There is no guarantee that SRSR's price will follow the same path, but it is at least based upon the price history of another Niobium/Tantalum junior exploration company. I believe this to be an apple to an apple comparison.

Major assumptions:

1) 376 million pounds Niobium @ $29/lb. = $10,904,000,000
market value

2) Tantalum occuring at the same ratio as at Commerce Resources Fir Deposit: 5.6 lb. Niobium to 1 lb. Tantalum = 67,142,857 lbs of Tantalum @ $70/lb. = $4,700,000,000 market value

3) Total estimated resource for Lake Nemegosenda -

$15,604,000,000

5) Fully diluted stock: 725,688,058

6) No estimate of Niobium/Tantalum for the other 5 targets of the Nemegosenda property as there is no basis for an assumption. Note that this price estimate may prove to be low based upon this omission.

Total Resource Value ($15,604,000,000) X 10.8% = $1,685,232,000 (market cap)

Price per share estimate = $1,685,232,000 Div by 725,688,058 =

$2.32

When can we expect this conservative price estimate? When the NI43-101 compliant resource status is achieved. This question will be better answered after the Hawk comes out. And no, I don't expect that this price will be hit as a result of the hawk as I don't expect a 43-101 coming out of the Hawk. I would, however, be tickled to be wrong.

Long term, I still believe that this price estimate is understated as we have 5 other targets on the property and 4 other properties in the portfolio that have not been included in this $2.32 price estimate.

All worth the wait for this potentially life changing stock....All the best....All opinions....Jim