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Home > Boards > US OTC > Mining/Resources > Sarissa Resources, Inc. (SRSR)

Depend on what you mean by near future.

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Sarissa Resources Announces it has Completed Financial Audits of its Nio-Star Subsidiary "PR Newswire (US)" - 11/24/2014 1:50:00 PM
Sarissa Resources announces it has completed the initial drilling phase of its onsite geology work for its Nemegosenda niobiu... "PR Newswire (US)" - 11/14/2014 9:34:00 AM
Sarissa Resources announces closing of Private Placement "PR Newswire (US)" - 10/3/2014 9:37:00 AM
Sarissa Resources Accelerates Time Table on Recently Announced Geological Plans "PR Newswire (US)" - 9/19/2014 9:31:00 AM
Sarissa Resources announces an investor conference call on September 23, 2014 "PR Newswire (US)" - 9/17/2014 5:46:00 PM
Sarissa Resources Announces Development Plans for the Company's Wholly Owned Nio-Star subsidiary's Nemegosenda niobium projec... "PR Newswire (US)" - 9/12/2014 9:12:00 AM
Sarissa Resources Announces Changes to the Board of Directors "PR Newswire (US)" - 9/2/2014 10:34:00 AM
Sarissa Resources Drilling Program Update "Marketwired" - 4/22/2014 10:05:23 AM
Sarissa Resources Drilling Program Update "Marketwired" - 2/12/2014 8:23:58 AM
Sarissa Resources Update "Marketwired" - 1/15/2014 8:30:00 AM
dmbao   Sunday, 06/12/11 09:21:43 PM
Re: Pdog post# 102312
Post # of 144811 
Depend on what you mean by near future.

I expect a more peel back the layers of the onion type of PR as opposed to a hey we are JV with TCK and they are giving us 500 million!

So the news I expect is

1. details on the ST sipn off, small potatoes but worth as much as 1/3 of our present market cap

2. What are they going to do with NioStar. I am not sure we'll get the details at initially but more a general road map about a far east listing and a small cash infusion, maybe 10-20 million to do all the corporate work and begin feesabilty.

3. Some time in the next 6 months an updated NI report with a better idea of the size we have identified.

I have asked for a discussion on this point but I beleive we'll see a ST like transaction for Niostar and a far east listing by Dahlman Rose.

No while I am sure that DR wants their IPO to be hugely successful so they will keep the lid on some of the Niostar announcements like perhaps a take off agreement or who the backing players are?

I believe that SRSR will be a 20 cent per share in today's structure (the structure will be very different something like the 1:35 of ST)or so within the year in the far east. Once that IPO is done and they reveal all the details I would expect that we see $1.00 or more in todays structure within say 12 months of the new listing.

No that would mean the DR listing is a $160 million or so company, they probably sell another 20% or so to raise 30 million to finish feasibility and other things before bank financing the mine with the cash flow from a take off agreement and a bankable reserve amount.

No maybe I am way off with the size of the DR listing and $160 million is too low. Say is double that so 320 million which puts this in the molly corp IPO range or 40 cents in today's structure and another say 3-5 bagger after the ipo.

Lets say its a dollar a share listing in the far east, than 3-5 bagger after the IPO that would but the company at up to a 4 billion market cap without a mine? Seems high to me.

Of course I honestly don't know so maybe I am too conservative.

Care to give the board your thoughts?

Seems like the most useful discussion we can have around here at this time.

Lastly I am not a believer in the "huge short exists here" theory so if I am wrong that might cause a much higher spike as could the buying in general but I think the price will settle in the range of my numbers!

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