Replies to post #140889 on Sarissa Resources Inc (SRSR)

[moojer]

SRSR share price is off its high of .20. It is hanging around this pathetic, low level (despite claims of billions) because so many longs are so far under water they are hanging on in hopes that they can pump the share price back up by claiming billions in assets in the ground which is not true and can't be verified by current reporting standards. If there were the supposed billions in assets in the ground, financiers would be contacting Scott asking in on this pie in the sky potential. The fact that they are not speaks volumes. LOL!!! Rocks are in the ground???!!!! LOL!!!!

[webpence]

That's right. There is value in the rocks and is reflected by the market cap of the stock. The upper bound is the billions in in situ value of those rocks in the ground. The realistic value will be the NPV calculation that will become known once feasibility work has been completed.

There are tons of projects that are currently sub economic, but that doesn't make the value of the assets worthless.

This project was shown to be economic down to $5/lb, and it was carried to the pilot production stage by Dominion Gulf. But, the nb market was virtually nonexistent.

Further, the SOE stated the in situ value as $10 billion just on the historic resources. This is from a top 10 steel producer in China. I'll take that value as closer to the truth than the opinions of message board posters.