Sarissa Resources Inc (SRSR)

[downsideup]

Yours would add roughly $1.33 per share to the "resource value" estimate... but there are a few issues with it other than potentially non-current pricing.

The 20,000,000 million tons figure is the number taken from the prior tonnage estimates for zone D, not zone E ? Which sample(s), from which area(s), did you use for the representative values you used in the computation ?

There IS and WILL BE quite a bit of variation within the deposit, so you can't really just extrapolate the numbers linearly... ie, there may be a lot of cerium in one spot, but only a little or none in the rest of the deposit, etc., but, my understanding is that zone E is both quite a bit larger in scale than zone D, though also much less well explored, possibly a bit lower in the average content of niobium and tantalum, but possibly a bit higher in REE content, and much higher in spots. Getting the best REE guesstimate possible is important... which was the source of drilling delay, while the schema for looking for controls to apply using radioactivity were being discussed ? This is why I thought accepting the delay was the right call by management.

Speaking of radioactivity... also still haven't seen any tonnage or value estimates for uranium and thorium.