Replies to post #96151 on Sarissa Resources Inc (SRSR)

[unbeREEvable]

And it is possible that is just scratching the surface!

[OntaREEo]

awesome job WidowMaker! ... $1.65 ... lowest number in the chart ... I love it!

just a milestone or two away ...

[Nina4900]

WidowMaker, thanks so much for doing the updating. I just keep looking at all that area under the lake...so much fun awaits.

I wonder if these guys could imagine in their wildest dreams what they are sitting on top of...

h

[Teedlum]

very nice job. I ran some numbers awhile back as well and reached a similar conclusion.

[Captskip]

All I can say is WOW!

[dmbao]

There seems little doubt that the property has tremendous potential. We just need to get to the point where we as shareholders can realize some of that potential.

[kulnor]

Widow:
Fantastic table. Juts curious as to why you use 90% as a recovery rate (sorry if this has been discussed before)? This seem quite high. This article for example mentions 55% as common RR.
http://www.moly.com/Moly+News/MetalsNews/Dr+Allen+M.+Alper/FEATURED9/Commerce+Resources++the+next+Canadian+Tantalum+and+Niobium+Mine.htm
It does however hints that mineral close to the surface clearly yield higher rates.
Projections remain remain excellent even with lower rate (just a bit less mind boggling).
best
*K

[OldeFrothingslosh]

I played around with some similar numbers, but I split them with a JV partner. What I came up with was still so good, I just assumed my math was wrong! I don't know how much time I spent trying to figure out what I was missing.

[supermegadope]

78 days or less to DOLLAR LAND imho.

Nice chart Widow maker. I am not sure we can use existing findings to extrapolate all REEs contained in the property but I am willing to bet that it is not that far off.

I feel sorry all of the long term holders that will be selling around $1, they will be missing out on the BIG run!

[JPGetty]

How about a Shining Tree number analysis?

Can you come up with something speculative there, number/dollar- wise?

I'm curious as to an "educated guess" as to what dollar value may lie in the ground there.

Thanks.

[JPGetty]

Though they may use different figures, I assume that this sort of analysis is displayed to a prospective miner when DR/Keevil is in negotiations with that miner.

Correct? Otherwise, where is the bargaining leverage?

[JPGetty]

May I say that those figures are (1) indeed mindboggling and (2) are conservative in their tonnage amounts, which makes it even more mindboggling.

That is, Sarissa may have even more ore than what is displayed there.

And don't forget the gold, which isn't even listed.

Mindboggling.

Onta? Upsidedown? Thoughts?

[webpence]

http://en.smm.cn/metals/rare-earth

Products Standard Unit Prices Average Change Date
Rare Earth Carbonate REO 42.0-45.0% RMB/mt 80,000 - 90,000 85,000 0 2011-09-01
Lanthanum Oxide La2O3/TREO 99.5-99.9% RMB/mt 135,000 - 145,000 140,000 -10000 2011-09-01
Cerium Oxide CeO2/TREO 99.5-99.9% RMB/mt 150,000 - 160,000 155,000 -10000 2011-09-01
Praseodymium Oxide Pr6O11/TREO 99.0-99.9% RMB/mt 830,000 - 880,000 855,000 -70000 2011-09-01
Neodymium Oxide Nd2O3/TREO 99.0-99.9% RMB/mt 1,130,000 - 1,180,000 1,155,000 -70000 2011-09-01
Samarium Oxide Sm2O3/TREO 99.5-99.9% RMB/mt 130,000 - 160,000 145,000 0 2011-09-01
Europium Oxide Eu2O3/TREO 99.95-99.99% RMB/kg 18,000 - 20,000 19,000 0 2011-09-01
Gadolinium Oxide Gd2O3/TREO 99.5-99.9% RMB/mt 0 1999-11-30
Terbium Oxide Tb4O7/TREO 99.95-99.99% RMB/kg 15,000 - 16,000 15,500 0 2011-09-01
Dysprosium Oxide Dy2O3/TREO 99.5-99.9% RMB/kg 10,800 - 11,300 11,050 0 2011-09-01
Erbium Oxide Er2O3/TREO 99.5-99.9% RMB/mt 0 1999-11-30
Yttrium Oxide Y2O3/TREO 99.995-99.999% RMB/mt 380,000 - 400,000 390,000 0 2011-09-01
Praseodymium-Neodymium Oxide (Nd2O3+Pr6O11)/TREO=75.0% RMB/mt 900,000 - 950,000 925,000 -150000 2011-09-01
Lanthanum Metal La/TREM=99.0% RMB/mt 190,000 - 210,000 200,000 0 2011-09-01
Cerium Metal Ce/TREM=99.0% RMB/mt 300,000 - 320,000 310,000 0 2011-09-01
Praseodymium Metal Pr/TREM 96.0-99.0% RMB/mt 1,250,000 - 1,300,000 1,275,000 0 2011-09-01
Neodymium Metal Nd/TREM 99.0-99.9% RMB/mt 1,560,000 - 1,600,000 1,580,000 0 2011-09-01
Terbium Metal Tb/TREM=99.9% RMB/kg 22,000 - 23,000 22,500 0 2011-09-01
Dysprosium Metal Dy/TREM=99% RMB/kg 15,000 - 16,000 15,500 0 2011-09-01
Yttrium Metal Y/TREM 99.9-99.95% RMB/kg 580 - 630 605 0 2011-09-01
Cerium Misch Metal Ce/TREM=65.0% TREM=98.5% RMB/mt 190,000 - 200,000 195,000 0 2011-09-01
Praseodymium-Neodymium Alloy Pr/TREM 20-25% Nd/TREM 75-80% TREM=98.5% RMB/mt 1,350,000 - 1,400,000 1,375,000 0 2011-09-01
Praseodymium-Neodymium-Dysprosium Alloy TREM=99.0% RMB/mt 1,300,000 - 1,350,000 1,325,000 0 2011-09-01
Battery Grade Misch Metal TREM=99.0% Nd/TREM=15% RMB/mt 420,000 - 460,000 440,000 0 2011-09-01
Dysprosium-iron Alloy Dy80% RMB/mt 11,800,000 - 12,300,000 12,050,000 0 2011-09-01