Yes, I appreciate the TA as well. I've learned a lot. I don't appreciate ppl treating our girl that way and using her like that, since I'm a long. But, it is insightful.

Here's a very simple comparison,

42072586lbs/111500000os = .377, which is about where Commerce PPS was at hod on Friday

111552760lbs/738200000os = .151, and we are at .09 pps.

And, Sarissa's Niobium is the shooting fish in a barrel open pit type, whereas Commerce has to backfill. Also, this is just a comparison of the NI compliant resources of the two companies and only comparing the indicated portion.

Need to update Board of Directors and and change Zone D references to Hawke zone.

I haven't sold a share either. I did add a bunch more after we bottomed out at 8 cents and will continue to add more on the dips as money allows.

This is a great board you guys have started here. Some really informative discussion of REE's, their uses and increasing demand.

Our fellow Ihubber tajitj is who first pointed me to the investment potential of companies involved in the exploration and mining of REE's.

After researching this sector, I think history will view this as the beginnings of an REE Rush.

Finally, I have been looking forward to this all week!

This board is pretty quiet today. I think that's maybe a good sign that volatility in this stock has subsided, most of the flippers have left, and we can resume an orderly ascent.

We should bounce nicely tomorrow. Look at the Wm%R on the stock chart. Last time we crossed below -80 was June 12th, and we were up by 24% the following trading day. We fell harder this time around. I believe we close tomorrow about .10 per, and I'm looking forward to the return of SPARK saying Nice Day Here~

OntaREEo, you must update your top 10 Reasons!! All you have to do is google Sarissa, and "Sarissa top ten reasons" appears right at the top of the search suggestions.

Google "Sarissa top ten reasons" and right at the top of the search results, you have fellow Ihubber tajitj reposting your list on a website called Break the Matrix and then the second link is a repost on the Yahoo Finance board.

Some of your reasons are in need of an update, such as reason #4, sadly #6, 7, and 9. Like I said, this is pretty much the ideal investor recruitment tool - along with your valuation chart - and should form the backbone of anyone's DD.

You and your post will have achieved legendary status by the time we are done here. As part of my DD, this is one of the first posts that I read, and I consider it one of the main reasons I bought shares in Sarissa. In fact, I have sent YOUR post and YOUR valuation charts to everyone that I have told about this stock. Sarissa would do well to hire you on write PR's.

Wow OntaREEo, very interesting your post about Merle's one dollar valuation figure. I know you've had a chance to meet with these folks personally, and I know you to be trustworthy in your posts, so that is a pretty strong statement.

Does the 240T rule have any teeth to it? If we look at L2 and see signs of manipulation, can we complain to the SEC and have them investigate?

I wonder if we could take up a collection plate and gather the 250K needed to uplist. Heck, I would not be opposed if Sarissa chose to issue 2.5-3 million of their authorized shares to raise the capital to do the uplisting. That is how important I think it is if the company wants to improve shareholder value. Quick fix or not, it needs to get done.

I really wonder if this has something to do with the crazy week we've had. It will be very interesting to look at L2 come the first of August.

You mean Norman Sr, inductee into the Canadian Mining Hall of Fame?

From the Canadian Mining Hall of Fame website:

"Dr. Keevil left his academic career in 1946 to establish Mining Geophysics Corporation, a consulting organization. As a consultant to Dominion Gulf Company, he became familiar with an airborne magnetic device developed during World War II for submarine detection. When the detector was declassified for peacetime use, Dr. Keevil and his staff began using it and integrating its data in terms of mining geophysics.


During testing of this equipment for Dominion Gulf Company, for whom he flew some 100,000 miles, a strong magnetic anomaly was discovered in the Lake Temagami region. Gulf decided not to pursue this prospect and when Dr. Keevil left the company in 1947, he was given freedom to explore the area. Seven years later, Dr. Keevil and his associates succeeded in finding the high-grade copper deposit that became the Temagami Mine. The effect of this discovery was twofold: airborne magnetic surveys changed the nature of mining exploration; and the Temagami Mine became the taproot of the energetic Teck Corporation he founded."

Sorry dude. I think you'll be waiting a really long time (i.e. forever) for it to go back to .02. .08 is the new .02.

I agree with both kona and oilcan perspectives on this.

I'm sure Merle is probably going to get annoyed about receiving the same question from several people, but I do think it's an important topic.

Honestly, I was not exactly thrilled by Merle's response to my email, because I didn't feel like he answered my question and suggested I was looking for a quick fix. He said the issue would be addressed, so take that for what it's worth.

I already emailed Merle yesterday on the subject of uplisting.

I was hoping to get some more information from you on Sarissa's plans to uplist to a different exchange. Mr. Keevil mentions that he wishes to build shareholder value in the company, and the pink sheet status is really hurting us here. I understand that Sarissa has brought in an auditor to help with this transition. Can you provide any sort of timeline or idea of where we are in that process, and how much longer it will take for the auditor to complete their work?

Merle's response:

I think you may be looking for a quick fix and that is not a quick fix. It will be addressed.

There were too many people into profit and some momentum players got involved.

That was my take on it as well.

See post 29255 by OntaREEo.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33483425

I believe in Scott Keevil's ability to turn Nemegosenda from two world class deposits to two world class mines. We may be on the pink sheets, but that doesn't mean we don't have top notch management.

I know at least 5 people now that have invested in Sarissa after I gave them the "Top 10 Reasons" to own Sarissa (which needs an update btw) and OntaREEo's valuation chart, and more that are considering buying. I know a few who were hesitant to buy last week and thought they had missed the opportunity to get in, and are now taking a hard look at buying.

kona,

These are great points you make. Thanks.

"When you hear Scott mention something like the "potential" for getting 2 or 3 drills turning to expedite the drilling program in the Hawke and SE zones, do you think he's just saying that for the heck of it? Or do you think that's possibly foreshadowing for exciting potential developments? Triple your drills, and cut your drilling time in a third, yes? Stands to reason, does it not? That takes the 18 month drill program that some here are "worried about" down to a half-year program (potentially). That also could suggest that updates will come fast and furious along the way about new and exciting results. By the way, did anyone catch in the 43-101 that there was a very specific "budget" suggested as to how much this will cost. And did anyone notice that they've ALREADY STARTED? Do you think on Sarissa's documented "shoe-string budget" that they can finance this on their own? We are confident they won't dilute to do this, so what other options are there? Hmmmmmm...I'm just sayin'."

I agree. Last week, after seeing some additional MM's in the mix, I said I thought we'd see more volatility.

At any rate, I used today as an opportunity to add and will continue to use the dips to do so when I can.

I bought more today and don't mind waiting 18 months for drilling to be completed. I'm not suggesting they do this, but there is another 100 million in authorized shares that could bring $10 million or more to the company to continue operating. But, I'm confident that Scott Keevil will do what's best for shareholder value, and I'm largely basing this assertion on the reputation of his family name. He seems to be a man of integrity. I firmly believe he is sincere when he says he wants to make Sarissa his legacy, and I believe he will come through for us.

I picked up 40K more shares today at .09 and still averaged in around .09.

I said it during the run up and will say again that I'm not selling until we get to the dollar land.

My only regret in hindsight is seeing that RSI go way into the overbought during the run up. At the time, I chalked it up to new faces realizing the value in this company and with the expectations of the NI report. I thought we would be at .30/share by now or more. Now, I see that we were overheated in the short run and could have timed a couple of my buys a little better than I did.

Something tells me we will get some incredibly huge news by November, as I think Scott will eventually like to be compensated for his efforts. I recall Scott Keevil took 30 million shares of Sarissa to become its CEO, and that he is not currently taking a pay check. My understanding is that this was a 2 year arrangement to last from when he started 11/07 to 11/09. So, anyone want to bet that we get some J/V or off take news by then?

I just added 40K more shares to my collection. I call bottom at .081, and we build from there.

I found it rather interesting, though it may be unpleasant to watch for some. The main character is obsessed with using computer models to try and find patterns in stock prices, and then use those models to make predictions of stocks. The fibonacci sequence and phi are central themes. Of course, his work is highly sought after by both an investment firm (MM) and also by some Jewsih mystics. He is also battling severe migraines and trying to understand those, which is what some who watch may not like. It's not for everyone (it's B&W), but I enjoyed it.

To expand on my point, what would stop the MM's from trying to play on the bid and ask prices to try to make a chart exhibit certain chart characteristics (buy or sell signals or certain candlestick or hammer formations) for the purposes of using the technicals to help do their "dirty work?" They could precipitate the decline by using the computer models as a guide, and then allow the chartists to do the rest.

To me, when I look at these fundamentals and an extremely positive PR with the NI report, I'm grasping for a reasonable explanation for what we've witnessed over the last few days, and some of these more seemingly outlandish thoughts start to make more sense.

Speaking of patterns. Did you ever watch the Aronofsky flick "Pi"? There was a firm in the movie called Lancet Percy, and they kept trying to get the protagonist, Max Cohen, to help them try to employ his computer models to predict stock prices. This movie was made ten years ago, imagine what is being done today.

For instance, just look at the website for Knight Capital Management. "In Knight's current advertising campaign, artist Marius Watz used historical trade data to visually interpret our science of trading. The result was a series of striking algorithmically-generated images representing Knight."

I'm reminded of this today, because of the 5 day pattern that was pointed out.

We talk of L2 and L3, the MM's are on L4 at least figuratively. They know what bid and ask you are thinking about before you even put in the order. They know the technicals, they know the L2 and L3 and have supercomputers that tell them what amounts to L4. That may be a stretch, but my point is that they likely have computer models that are telling them price points for bid and ask to yield the outcome they desire.

"to add"

Hopefully, tomorrow I hope we can look forward to your usual Nice day here~

Thanks Spark! You do a heck of a job here.

All I know is that I have lots and lots of shares and the thought of selling now has not even entered my mind.

My only regret is not having any available powder to take advantage of weak hands folding.

;) I gave it a smacking.

This one is rather funny to me. I see a lot of familiar names posting on this board, people that are among the top caliber of Ihubbers, yet the volume is so incredibly light.

Only 60K shares traded today? Am I the only one buying this one?

The NI report was the confirmation! That should be the first thing you read. It's 66 pages, but you will get all of the historical background of the Nemegosenda property, the drilling that was done and their results, and also you can see the methodology used and standards of care employed in the analysis. In other terms, the NI report is the industry standard report, and this particular NI report came in at more than double the expected size of the Hawke Zone Niobium deposit.

I get that you are being sarcastic, but posted for the benefit of someone who might actually be in that position.

This should help. You can thank OntaREEo! Oh, and keep in mind the date, November 2008 is when he posted this. Cliff notes IMO: You would be a fool to sell this stock!

Three words and four letters that could make you rich! -- Nov 2008

Sarissa – Keevil – Nemegosenda – SRSR

Add these three words to your investment vocabulary. They add up to billions in minerals for a stock that is still trading around a penny!

TOP TEN REASONS FOR YOU TO OWN SARISSA – NOW!

1. Sarissa Resources (SRSR) is a start-up junior mining company, with 5 properties currently. More accurately, it is a mineral exploration company with strong potential to grow into a mining company. This company is still way under the radar affording you the chance to get in at a fantastic price!

2. Scott Keevil, the new CEO, is from mining royalty, a third generation miner. Scott came on board December 1, 2007 with the intention of building value for Sarissa shareholders. Scott is not paid a salary, but was given 30 million restricted shares (2 years until Nov 2009). His father Norm Keevil is chairman at Teck Cominco (TCK) a mining company, and as majority shareholder is worth several billion dollars. Teck Cominco has also made clear they are interested in strategic joint ventures. The mining game requires patience, but Scott is in the process of executing all the steps in the proper order, and he is delivering on his promises. His experience, connections, and compensation structure can only add up to huge increases in shareholder value for himself, and you!

3. Nemegosenda is the first property Sarissa purchased under Scott’s leadership, and the one with the most immediate potential and focus. This northern Ontario property held great promise as a Dominion Gulf study from 1956 indicated niobium on the property. Two samples also indicated various REE (rare earth elements) which are quite valuable. By calculations from information in the Gulf report and on the project website, the REEs could be worth $10 billion or more. Sarissa had completed the purchase of 7 patented mining claims comprising the initial property of 2000 acres. They have also this past summer staked additional claims of 3000 acres adjacent to the west and under the lake, as the Gulf data indicated that major mineralization values may be there. To verify that study, Sarissa commissioned an independent geologist report from Hawk Engineering to verify the Gulf study. Released in May 2008, it confirmed at least $5 billion in niobium in the D zone, and was subsequently described as a “world-class asset.” Conversations with management unofficially indicate the Hawk report was understated. Wherever there is niobium, there is tantalum. Privately, they believe Nemegosenda has $15 billion in niobium and tantalum (tantalum is always found with niobium). We are still not talking about (a) REE’s, (b) the full extent of the D and East zones, (c) other properties, or (d) resource valuations in the next few years. $5 billion in minerals is huge, and we are very likely talking about several times this number!

4. Ultimately, the company needs to document compliant reserves, known as the NI43-101 standard. Following the Hawk report, the next step is to drill core samples and have them tested for niobium, tantalum, the REE’s etc. Sarissa has set up local offices. Roads were cleared in June, and the site was cleared for drilling in October 2008. The company will first drill in Zone D. A vendor has been selected and drilling will proceed in the very near future. In most mining resource plays, these drilling and lab test steps can lead to very uncertain results, but keep in mind that with the Gulf data, what makes this play unique is that these steps are mostly a formality to meet current industry standards. In the press release for the Hawk Report, Scott Keevil indicated redrilling of Zone D “will be a little like shooting fish in a barrel.” The company also indicates a 580 foot adit from 50 years ago is dry and in good condition to rehabilitate. 15 samples were taken from this adit and tested in August 2008, again reconfirming the Gulf study data. The first set of holes will be drilled in November 2008, and the NI43-101 inferred compliant resource report is expected in December or January. When the results of this testing are made public and confirms the mineral resource at Nemegosenda, the stock will pop!

5. Niobium is used in steel production. Tantalum is used in electronics. The REE’s are critical to many modern products, including batteries, headphones, disc drives, cell phones, etc. China currently controls most of these markets. More details on these elements and their uses are easily available on the web. See http://www.americanelements.com/nb.html for Niobium, and click on the various other elements. Recent data suggests that even with the global economic turmoil the price of these commodities are holding up well, and the uses and potential demand for these specialty elements grows over time. These elements are in demand and of limited supply, which points to stable or rising prices!

6. Geologist Dr. Cam Cheriton is a top name in his field with 50 years experience in the mining industry and a Harvard degree and adds considerable credibility to Sarissa. Sarissa has also (June 2008) appointed seasoned mining industry veteran and project geologist, Alan A. Hawke B.Sc. M.Sc to its Board of Directors. Mr. Hawke, currently based in Tianjin, China, will offer his considerable experience to assist Sarissa in the ongoing exploration program of its Nemegosenda carbonatite deposit and extensive industry connections to source new and compelling exploration properties for the Company's property portfolio. In a 30 year career on three continents, Mr. Hawke has operated in key managerial roles -- encompassing mine development and construction management. Keevil – Cheriton – Hawke – it keeps getting better!

7. Sarissa’s exposure is currently limited as an OTC stock. The company is taking steps to uplist to an exchange where it will have more credibility, as well as access to more and larger investors. They have re-engaged an auditor for its financial statements, and published unaudited financials through June 2008. The company is keeping its options open, and has indicated that several exchanges such as OTCBB, the AMEX junior, and the TSX.V are candidates. The company obviously believes the current share price “grossly undervalues” the company, and indicates that insiders have been buying the stock on the open market as well. The company has 850M A/S, 694M O/S (726M fully diluted), and float of 321M, with approximately 395M restricted shares. When Sarissa releases audited financials and uplists, the added credibility and transparency, and the new investors will likely cause the share price to rise significantly!

8. Sarissa has four choices – (a) develop the mine themselves, (b) get bought out, (c) take on a partner or joint venture, or (d) a Chinese off take agreement. From conversations with the company, the last two are more likely, and are better for shareholder value. It has been suggested that Scott Keevil wants to make Sarissa his legacy and is not interested in selling out. A Chinese off take agreement is where the Chinese guarantee they will buy the entire product at market prices or at an agreed floor price, and put up the resources for Sarissa to extract the minerals. The company is obviously developing these options and has yet had to disclose them. Once the drilling results and compliant report are in, an announcement could follow soon after. This announcement transfers the company from an exploration to a mining company, and the stock price will rise accordingly!

9. The strictest value of the company once it has compliant reserves is dependent on the total resources available, the price of these elements, and the percentage put on these mining companies. Of course, the company can have other intrinsic value as well. Shareholders estimate significant price increases when the first core sample test results are available, when the reserves are compliant, when audited financials are released, and when the stock is uplisted. Also important would be the announcement of their extraction method. Estimates of the potential for this company vary widely and are impacted by the global slowdown, but once the compliant report is released in late 2008 or early 2009, the stock could reach $0.10 to $0.50. Once an uplisting occurs and the JV or method of financing extraction are announced, it could trade between $.60 to $1.00. After evaluation and development of its other properties, the stock could trade between $1 and $5 in the 3-5 year time frame. Valuation estimates based on companies on similar tracks (Commerce Resources) indicate the company could be valued at 5-20% of NI43-101 reserves. Commerce stock spiked to 10.8% of the value of its resources once they became known. Applying this percentage to Sarissa and using $15 billion in niobium and tantalum only at Nemegosenda results in an estimate of $2.28 per share. Again this does not include REE’s, other properties, or commodity price increases, but also does not include the impact of the recent global downturn for junior mining companies. Even if only a portion of this valuation comes to fruition short term, with the stock trading for pennies, the potential is enormous. Long term, this estimate is conservative!

10. The major downside risk to this company according to Scott Keevil is a commodity price collapse for niobium, which given the recent price increases, and the continued need for steel, batteries, and gadgets, is not very likely. In 2008, niobium prices increased from $26 to $32. Even with the global downturn and drop in the prices of many commodities including steel, the demand and price of niobium remains strong, per a recent (November 2008) Mining Weekly article (http://www.miningweekly.com/article.php?a_id=147010). Scott Keevil has indicated that even with a significant price decrease, there was plenty of profit to be made. Extraction costs are estimated at 35% - 40%. They have a “world class asset” which will be verified (not if, but when), and the only possible downside is a collapse in niobium prices!


In May 2008, SRSR spiked to .09 a share. SRSR is currently trading around .01 per share. Incredibly, since the Hawk report came out, verifying the mineral resources, the stock has mostly drifted lower. Now that drilling has been arranged, perhaps only a short window of enormous opportunity remains!

BOTTOM LINE: A company with billions in reserves and stellar management very concerned about shareholder value is mostly under the radar and making all the right moves! Truly a retirement investment opportunity! Watch for drilling test results, NI 43-101 compliance, audited financials, uplisting, extraction plans, and other positive management surprises!

For more information, visit the ibox and the project website http://nemegosenda.sarissaresources.com/.

- OntaREEo
November, 2008

Smart move Norton. 16 cents is a bargain.

Great point Dale!

I'm not sure whether most people are good enough at math to figure out how much the dividend will be and what that should do to the PPS. I'm with you that it should be .03 at the minimum.

I know. I don't understand what people are thinking, unless this is purely an MM shakeout, which I suspect it is. I'm holding strong.