SRSR

Pretty amazing run in this penny gold stock, Sarissa Resources, Inc. (SRSR.PK), up from about 2c to 8c in past three months. My average cost basis is $0.028, but the inherent risk in this type of gamble was way too high to post at the time. It's still too high, but methinks some of you are chomping at the bit for opportunities like this:


Above is 30-minute chart, not shown is daily chart with immediate EW projections to $0.18.

Best source of fundamental information is either the Company web site or Ihub board.

Overview

Sarissa Resources, Inc. engages in the exploration and development of mineral resource properties in North America. It primarily explores for uranium, copper, silver, nickel, gold, platinum, and zinc ores.

The company holds interests in the Deadmoose Lake platinum/palladium property consisting of 6 claims covering an area of approximately 600 acres in Shillington Township in the northern Ontario; the Timmins property totaling an area of approximately 1,150 acres situated in Timmins Township in the northern Ontario; and the uranium/copper mineral property covering 480 acres in the Elliot Lake Camp in Albanel Township situated in the northern Ontario.

Sarissa Resources also owns interests in the gold property consisting of 40 acres in Pacaud township near Kirkland lake, Ontario, Canada; 2 uranium/copper claims covering 640 acres in the Elliot Lake mining camp in the northern Ontario; and the Sheba nickel, chromium, and copper property consisting of 9 claims totaling approximately 360 acres located in the northern Ontario.

In addition, it holds options to acquire interests in the Anita mine located in Peru. The company is based in Bay City, Michigan.

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