Sarissa Resources Inc (SRSR)

[Max Power]

Total REE Potential Valuation for Zone E
Cerium- $1,683,392,000
Lanthanum- $1,337,280,800
Neodymium- $3,374,040,000
Yttrium- $ 526,060,000
Europium- $4,400,000,000


Grand Total: $11,320,722,800


Additional condiserations: These are asuuming that the percentages of REE's will hold throughout the Zone E. Also assuming the carbonite deposit in Zone E is the same size as Zone D, from what he have heard Zone E is actually bigger than Zone D. The P.R. stated that ALL REE's were contained in the sample except two, so this does NOT take into account all the other REE valuations which most likely would also be considerable. The above valuation is only for the 5 listed REE's. Please note that REE's average 1000 dollar value per minable ton. That would be 1 billion dollars for every 1 million tons of carbonite that bears REE's. REE's were also detected in significant numbers in Zone D. imo/glta

Potential Cerium Valuation

1.6% Cerium Oxide

1.6% x 20,000,000 tons = 320 thousand tons of cerium.

320 tons x 907 Kg per ton = 290,240,000 KG of Cerium

according to http://www.lynascorp.com/page.asp?category_id=1&page_id=25 the current market rate for cerium is $5.80

Total value of Cerium in Zone E 1,683,392,000

Potential Lanthanum Valuation

.76% Lanthanum

.76% x 20,000,000 tons in zone E = 152,0000 tons of La

152,000 x 907 (kg's per ton)= 137,864,000 kg's of Lanthanum

137,864,000 x $9.70 (current market rate for La*)=

$1,337,280,800 worth of lanthanum in Zone E


Potential Neodymium Valuation

.62% Neodymium

.62% x 20,000,000 tons in Zone E = 124,000 tons of Neodymium

124,000 tons x 907 (kg per ton) = 112,468,000 KG of Neodymium


112,468,000 x $30.00 (current market price of Neodyium*)


Total Value of Neodymium in Zone E: 3,374,040,000




* http://www.lynascorp.com/page.asp?category_id=1&page_id=25



Potential Yttrium Valuation

.29% Yttrium

.29% x 20,000,000 tons in Zone E = 58,000 tons of Yttrium

58,000 tons x 907 (kg's per ton) = 52,606,000 Kg's of Yttrium

52,606,000 x $10.00 (market price*)

Total Value of Yttrium in Zone E = 526,060,000




* http://www.gwmg.ca/rare-earths/faq



Potential Europium Valuation

440 parts per million of Europium

That equates to .44 KG per ton

20,000,000 Tons in Zone E

.44 x 20,000,000 = 8,800,000 Kg's of Europium

8,800,000 x $500.00 (market rate*)

Total Europium Value 4,400,000,000

*http://www.lynascorp.com/page.asp?category_id=1&page_id=25

With those evaluations remember that is only 4 of them. The PR stated that ALL (REE's) were present with only 2 exceptions (promethium and lutetium)

Please note that some of the REE prices have flucuated since i first posted this.

Link to PR containing REE information: http://biz.yahoo.com/iw/080721/0417603.html