Sarissa Resources Inc (SRSR)

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I see us nearing the discovery high stage with Shining Tree. We learned in the last NR that there is a grid being prepared in the Gosselin/Speed Lake area of claims. If there is promise to that region of the Abitibi Greenstone and the intersection of the Speed Lake and Gosselin Rift zones, then the drilling program that is based on that grid should excite some interest in that vein. Then, of course, we could see another discovery potential with the "Bremner claims" that were just acquired.

Nio-Star is more complicated. We have clearly emerged from the disinterest low marked as number 5 on that chart from the discovery high leading up to the Archibald report from July 2009. The market reaction was one where the momentum players exited and questions emerged about the resource calculation contained in the report. I think that combined with the company's clear shift from exploration to development supports that we should be emerging from point 5 of the disinterest low into step 6 of development, which is where I think SRSR is at this point with Nio-Star. The January update suggested that a new resource calculation followed by scoping study is where we are at. But, I also see an argument for there to be a discovery high for the SE and other areas of the property, for having a proper resource calculation, and also for the REE potentials.