Replies to post #127348 on Sarissa Resources Inc (SRSR)

[Tmartin426]

I would take it that the Chinese confirmation system is different than our own, culturally.

In other countries and cultures, business managers, military generals and provincial leaders often misconstrue and lie about resources, output, and potential.

Traditionally, Beijing cannot trust the reporting data coming from the provincial or county level. They have to send out their own "official" and "trusted" persons to get the facts themselves. Mao had to do this during the Cultural Revolution when millions were dying of starvation.

Why would they simply take the word of a Canadian about what is in them rocks???

…

The PR is a good thing. The Chinese are doing what they need to do culturally to have affirmation.

[dmbao]

Why do you think the risk factor has changed with the PR?

To me it looks like a PR because they wanted to not go 2 months and into the new year without saying something.

Of course it never hurts to keep repeating we have the rocks and see if anyone new takes notice.

When the PR first was release I was confused as I was not seeing the newsworthiness of retesting the same rocks for which we already know the results. After reflection its certainly makes some sense to do so as a QC, but outside of letting us know things are going on I don't see how this changes any risk factor.

These are the results we expected and the Chinese would be silly to expect anything different as there is more than ample historical evidence.

So this doesn't adjust any risk factor for me as I already know the rocks are there and have been its the money that is missing still. We don't have enough information about what is truly going on to know what caused the October delay and what the plan is to rectify those issues and what type of commitment the Chinese have going forward.

We do know they are testing the rocks, this really wasn't what I was expecting. I was under the impression that we had moved beyond what is in the rocks but it appears that is not the case.I was hoping the Chinese were looking at processing and feasibility issues to determine the scope of what it would take to become a mine and whether they wanted to make that happen. This is still part of the work they are doing.

Of course nothing wrong with them testing the rocks as we are more than confident in them and know what the results will be, it just adds to the time frame that it takes to get to the good stuff which is the processing methodologies and the mine build out.

This also makes me wonder how we were ever going to close a deal on October if there were going to be additional testing of the rocks. For me this supports my theory that Scott wasn't expecting this when the geologists who had travel visa issues finally visited. I believe Scott thought there would be a deal and was surprised by their desire for further due diligence. Just something that supports Scott's honesty vs the naysayers that he was lying the entire time.

So know we have 2 more months in the extended exclusive period. Lots of holidays the first month but its not so long to wait and see. I expect it to come down to the end but would be nice not to have to.

So to answer your question I don't view this as a change in the odds. This isn't new information so I don't see what it impacts other than morale.

Based on yesterdays movement and larger than recent volume somebody viewed as the time to get in or add and that is good. Hopefully the trend will continue and we can move close to the minimum 10 cents the deal is worth.

In addition it raised the spirits of folks here who think its great and big news. Certainly no harm in that either as we are vastly undervalued here even without a Chinese financing deal imho.