Replies to post #139202 on Sarissa Resources Inc (SRSR)

[moojer]

LOL! This property has been around for millions of years and nothing of value will ever come out of it for shareholders left holding the Scott pinkie bag!

[dmbao]

It's only valuable if you have money to do the necessary work or sell it to someone who does.

The real value is based on the particulars of the mine operations and the costs of getting there. We aren't there yet to know those details.

For sure it's not the billions discussed here over the years.

[dmbao]

The best way to think about it is with Nio Corp. They announced that they were going to raise money at a premium to there market price at the time which was 15 cents. They than went out and did it and now there stock is grater than 2X the price when they started and 50 plus from where they offered it.

Giving their property a market value of 33 million vs our 11 million.

Certainly there are some pros and cons in the comparisons of the properties.

1. They have a solid CEO who gets things done
2. They have an indicated resource
3. They are not a pink sheet.
4. They have a PR campaign going that keeps them in the press

The downside for them is their deposit is 500 meters below ground?

I and others have discussed 1-4 with Scott but years later we are still here heading in different directions?