Sarissa Resources Inc (SRSR)

[hispeedsoul]

Things would have moved quicker if Scott accepted to give away more of percentage of the mine. Scott was able to obtain financing years ago, but not at favorable terms for shareholders. The Chinese could care less about us shareholders, and usually they take a lot more percentage. He did not have enough leverage a few years back to cut a good deal. Scott was searching for a deal in which he would not have to give up 50% and above of the mine IMHO. He could have easily 3 years ago J/V, let the operator take 70% profits, and we take 30% profits. Still a good chunk of money, but we would have been upset. More drilling, reports, and studies were needed to make a good deal. 35% for 10 million is a good deal if he can complete a bankable study with those funds. Then he can get a loan from the bank and not have to give up more percentage of the mine. He did his best to keep as much value for shareholders as possible, and with little dilution as possible. If the IPO is successful, and Dahlman Rose has investors lined up for the IPO, then a loan may not be needed to begin mine operations. I think this will a good year for us.