Replies to post #139212 on Sarissa Resources Inc (SRSR)

[supermegadope]

Well lets say they are highly optimistic and it turns out to be worth $2.5B, what doe that put the NSR's worth at? I think it was 2 or 3% correct?

[webpence]

"For now the amount of exploration work inferred resource, has exceeded $ 10 billion worth of resources underground."

A better translation

I have provided proof here that the SOE was Shandong, and proof that the content from the baidu.com link in the post I'm replying to originally appeared on the Shandong Linyi website. I have provided proof that the lykyjt.com is owned by Shandong and that they are in fact a subsidiary of a global 500 enterprise and top 10 steel producer in China. These guys are end users of steel, and they had paid an exclusive for development of the property. They sent a geologist to Canada for a due diligence site visit to the property, and then invited Scott to the newly constructed Huibaoling Iron mine as a featured guest, as you can see in the photos they had posted of his visit. After this visit, they signed the LOI. The fact the option expired does not change these facts, and the fact is that a major steel producer valued the inferred resource (I.e. 18 Mt .47% deposit) at $10 BILLION. They also acknowledge SRSR as having 65,254343 Mt (45 Mt Hawke + 20Mt SE zone) of ore, so how much is 10*65/18 billions?

$36 Billion?

Again, This is a top end user of steel that gave that figure. So tell me how it is not worth what a steel user says it's worth?

[moojer]

LOL! Just more pinkie tactics by SRSR. Maybe we can get some new pinkie pictures from them as well!