Sarissa Resources Inc (SRSR)

[learner1156]

One billion market cap? interesting...........

from http://tradedragon.blogspot.com/2010/08/tradedragon-only-penny-stock-sarissa.html


Wednesday, August 18, 2010tradedragon only PENNY STOCK. Sarissa Resources. SRSR.pk
tradedragon hates penny stocks, however, there is one exception, and Sarissa Resources is the only exception.

tradedragon has meddled with many penny stocks before including SPNG, MGLG, EESO, and these stocks have met the PUMP and DUMP scenarios. If you do not know what is PUMP and DUMP, avoid this stock.

SRSR is a junior exploration company. It owns the world’s second largest Niobium mine now. Recently the company has mandated Dahlman Rose as its financial advisor. This is because, SRSR does not have enough funds to start mining its Niobium. It is only sitting on more than $50bln worth of Niobium, but the company does not have the tools to take them out.

What is noteworthy about SRSR is that the CEO is the son of the Founder of the largest Copper miner, Teck Resources Limited (NYSE: TCK). This connection boosts the credentials of this company.

SRSR is a very risky play. Any investment in this company should be treated as written off. Only invest what you want to put in the POT. It is gone unless SRSR can mine this NIOBIUM it is sitting on. Currently, the market Cap of SRSR is about $180mln. Using simple valuation, SRSR should be fairly valued at a billion.

Tradedragon is not recommending SRSR. Tradedragon already owns SRSR in his portfolio.

Invest at your on risk. Perform your own due dilligence on SRSR before making any investment. The valuation of the resources is only an unofficial estimate, it has not been approved by the NI41 compliance.