Sarissa Resources Inc (SRSR)

[jim6103]

ck_0311..."Just being the devil's advocate here, but if the property is worth so much, why did it sell so cheap? That is the biggest issue I have with srsr right now. I have been in the since well prior to the name change and made some decent money back on the ride up from the abyss. I have been in on this since the 0.15 range many moons ago. That one underlying question still is out there, why so cheap if worth so much?"

The land was not sold, the rights to mine the land was. The original land owners get a very very respectable 2% royalty concessions. The company will probably buy back 1.5% of the concession, but at a few million $.

What is .5% of $5,000,000,000 worth? That is what the land owners will be getting over the life of the mine - $25,000,000 bucks for taking no risk and incurring no costs and that is after SRSR buys back the 1.5% royalty fee for probably another 2-3 million bucks.

I find nothing cheap about $25 million plus. I'd gladly take the offer if I owned the land. Remember, the hardest challenge is getting that Niobium out of the ground, processed into sellable niobium oxide, and getting a profit of the sale. The mining company does this and takes all the risks. The land owner sits back and waits for his .5% royalty check every quarter. Sweet deal!....Jim