Sarissa Resources Inc (SRSR)

[Pdog]

Pounds of Ni = 49,000,000*2204 (metric ton)=107,996,000,000

So with the average % grade of .5 we get:

107,996,000,000 * 0.5%= 539,980,000 pounds of pure Ni

At 21 bucks a pound the initial value of the Ni is roughly:

$11,339,580,000.00... Yes 11.3 BILLION DOLLARS!!!!

And they still have not found the end of the deposit!

Juniors in the '90s were valued at 10-17% of the value in the ground.

Say we get 3%:

3% worth of the value = $340,187,400.00

Current share structure is 767672830 os.

So current 3% valuation would be = $0.44 a share.

If we got the '90s numbers 10% would equal:$1.48 a share

If we got 17% it would equal: $2.51 a share!!!!

People can argue all they want about charts and figures and dates of studies and whether or not Merle like our numbers, but you can not, and I stress not, argue that this company is currently fairly valued!!!

We currently are valued at 0.4% Not even a half percent of our assets current value!! 1% is $0.15 a share.

I rest my case. Have a nice day.

P.s not saying JF is argueing we are faily valued. Just used his post to launch my thoughts on our PPS. More of a general statement to the board.