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Re: None

Wednesday, 10/12/2011 11:21:29 PM

Wednesday, October 12, 2011 11:21:29 PM

Post# of 165855
With all this talk about Sarissa ending up as an empty shell with no value, I have decided to repost my take on the subject from last January.

If you want to know where Scott is going with Sarissa, all you need to do is look at Teck Resources the company his grandfather started. He is most likely using the same blueprint for Sarissa Resources Inc. since this is the business model he knows best and that has proven itself to be successful.

Teck Resources Limited (Teck), formerly Teck Cominco Limited operates in five segments: copper, coal, zinc, energy and corporate. Its subsidiaries include.
1. Teck Metals Ltd. (Teck Metals),
2. Teck American Inc. (TAI),
3. Teck Alaska Inc. (TAK),
4. Teck Highland Valley Copper Partnership (Highland Valley Copper),
5. Teck Coal Partnership (Teck Coal),
6.Compania Minera Teck Quebrada Blanca S.A. (Quebrada Blanca), and
7.Compania Minera Teck Carmen de Andacollo (Andacollo).

The company stats are as follows: (as of Jan. 21/11)
• Mkt cap 34.85B
• Shares 589.62M
• Share price 59.11
• P/E 18.03
• Vol / Avg. 5.36M/2.66M
• 52 week 28.37 - 65.37

From the above structure, you can rewrite the Teck description as follows:

Sarissa Resources Inc. operates in XXX segments: Niobium etc. etc. Its subsidiaries include:
1. Nio-star (Nemegosenda),
2. Shining -Star (Shingtree),
3. Death-Star (Deadmouse) (Tongue in Cheek)

If this scenario plays out as I see it, then Sarissa will be far from an empty shell.

Just my 2 cents!!!