Replies to post #49032 on Sarissa Resources Inc (SRSR)

[dougthehead]

No one here can tell you that for a fact, that is what the report will reveal.

[jpp09]

Guesstimates of inferred + implied are 400,000,000 pounds / $8 Billion for the D-zone only.

In comparison to the deal MCI did with MDN:
MCI has inferred + indicated resources of 165,500,000 pounds. At $20/pound = $3.3 billion in resources.
The deal was $13.5 million for up to 75% of company, that would put the total value of MCI at $18 million.

That gives MCI's $3.3 billion property a resource valuation of .54%.

This deal was started before the actual NI report, and was most likely funded by MDN. I believe that MDN just got a very good deal.

MCI is not publicly traded, had 1.5 million in debt and does not have the experience/connections that we have.

It's really an apples to oranges comparison but may be useful to some