Sarissa Resources Inc (SRSR)

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A few posts back I posed the question of resources vs reserves. Roughly speaking, measured become proven, indicated become probable and sometimes inferred can be considered possible reserves with the appropriate disclaimer. That's my understanding.

Yes, my reading of the CIM, which I encourage everyone to read and not just my interpretation, prefeasibility is sufficient for a reserves classification.

That is why I see the updated resource calculation as a prerequisite for them making the result of the mineralogical study known. I think it is completed but results withheld due to lack of an NI compliant resource. They want to be able to announce probable reserves based on a current NI compliant resource, not possible on an inferred historic resource.

Just my interpretation. Hopefully, someone else want to poke holes in my logic.

2 banks have signed on to this project and the biggest knock on the company is that a CTO is in effect and haven't got a deal yet?

I will sleep easy tonight.