Sarissa Resources Inc (SRSR)

[jim6103]

Posted April 9, 2008 - hope the market starts to reflect the old pricing parameters.

"Commerce Resources has 59,000,000 lbs of niobium at $26/lb. and 9,000,000 lbs. of Tantalum at $70/lb for a total of $2,164,000,000. SRSR has at least 188,000,000 lbs of Niobium at $26 = $4,888,000,000, but not yet proven up by NI43-101 standards.

CCE has 140,000,000 O/S and srsr has 725,988,058.

CCE price closed today at 83 cents - therefore the market cap is 116,200,000 divided by the market value of their deposit ($2,164,000,000) = 5.36% This means that the market today is valuing CCE's resource in the ground at 5.36% of its market value.

If SRSR had its NI43-101 finished and had reserves of 188,000,000 and the market valued the SRSR reserves the same as CCE's today, it would be calculated as:

188,000,000 X $26 = $4,888,000,000 X 5.36% = $261,996,800 market cap Div By O/S (725,688,058) = 36 cents

SRSR will undoubtedly prove up more reserves than the present estimated 188 mil lbs. of Niobium. They have depth open in Zone D and 4 other prime targets on the property. They also believe that there will be an amount of Tantalum found with the niobium as they usually are found together. SRSR is also anticipating finding Uranium and other rare earth metals. We will most likely have an even larger whale than what we have right now.