Sarissa Resources Inc (SRSR)

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A little unfair I think. Srsr now has and agreement to cover all reasonable development and management expenses relating to nemegosenda. A pretty big deal for a company that has been cash strapped for some time now. Now, they finally have fresh infusion of cash, and they will still control a 65-75% majority interest in the property. A financing party that is willing to take a subordinate interest in a project? Scotts still in control of the project, and now it's full speed ahead towards an ni compliant economic assessment.

With project economics demonstrated by PEA, valuation will rise accordingly. And, we know parts of this are complete like the mineralogical study by sgs lakefield. And, we know the cost of extraction is around $5/lb with no barriers to extraction. We know that niobium is over $20/lb and economic mineralization is near surface. The capex will be large, but much less for open pit than underground. This is an economical project and one that can become the worlds low cost producer of a significant percentage of global niobium production.

Merle kept a tight lip while there was obviously an nda in place. And so many here were critical of the lack of communication- impossible due to the nda and ongoing negotiations. Ir could only say that work is proceeding on all fronts. Meanwhile, work has been proceeding on all fronts...

A financing agreement, a completed shining tree ni, spin outs, and an invitation as a featured guess to a big chinese trade show.

Good luck to the longs holding strong.

Big things coming here.

"The world needs niobium"