Sarissa Resources Inc (SRSR)

[marketphile]

I think it's important to keep in mind that the intrinsic value of this stock is *much* higher than $0.025, so valuation readjustments can happen at any time. With the release of those core analysis results earlier this month, we're now up to around $25B of more-or-less confirmed resources at Nemegosenda. That gives us a resource-to-MC ratio of around 1400-to-1. Even at this early stage as a junior explorer, that is ridiculously undervalued. IMO, a MC of at least $100M is currently justified, putting the stock in the $0.15 range, a 500% increase from here.

I've been continuing to accumulate over the past two months as the MM's have played their walkdown-and-cover game. For all those who believe in inefficient market theory, these prices have been an incredible opportunity.