Sarissa Resources Inc (SRSR)

[webpence]

I read the PEA. That 6.50 figure includes the credits for scandium and titanium.

It's presumptive to include those credits, they use $3500/kg for scandium, and they use a pretty high figure for niobium too, all of which to enable a paltry 15% IRR.

I don't hate that project, but the board screwed itself by promoting Dickies unrealistic capex calculation.

"
This is, conceivably, a $300 million-$400 million venture to start this thing," Dickie said."

http://m.journalstar.com/news/state-and-regional/nebraska/elk-creek-moving-closer-to-center-of-rare-earth-universe/article_fc83c308-5503-5405-a0c7-fd2b2df91943.html?mobile_touch=true

The market doesn't like projects that have a higher capex than npv.

Especially when there are a couple of projects that are open pit lower capex options.