Sarissa Resources Inc (SRSR)

[jim6103]

Gold equivalent resource to Niobium:

There is reasonable thought that SRSR's deposit of Niobium will exceed the old 1950's estimates by as much as double the 188 million pound figure. Add tantalum to the mix and we have quite a potential resource. For you gold bugs, thought that a resource equivalent comparison might put this up and coming world class property into perspective.

Price of Nb205 - $29/lb.; Gold at 900/oz.

1) Au equivalent at the 1956 drill estimated Niobium resource:

188,000,000 lbs. Nb = 6,057,778 Oz. Au

2) Au equivalent at twice the 1950's resource:

376,000,000 lbs. Nb = 12,115,556 Oz. Au

3) Au equivalent at twice resource + Tantalum:

538,069,000 lbs. Nb = 17,337,779 Oz. Au

Osisko Exploration is a gold exploration company that has an inferred gold resource of 8.4 million Ounces and a pps today of $4.51. They are fully diluted at 300,000,000 shares. The market capitalization is $1,353,000,000. The market is valuing Osisko today at 17.9% of NI43-101 "inferred" reserves.

Should SRSR prove to have double the old resources (376,000,000 lbs.) and are valued in the market the same as Osisko at 17.9% of reserve market value, SRSR's price per share would be $2.69 / share....Cheers...Jim