Sunrise Resources Share Discussion Threads

[benchmark] 31/10/2018 07:52

Price might even leap to 0.2p on the opening!

[squibno1] 30/10/2018 14:15

at least it sounds more hopeful than barite!

[lexus880] 30/10/2018 11:24

Agreed with nightepig me too?

[nigthepig] 30/10/2018 10:28

I've been here since day 1 with this shambles of a company. I've lost count of the number of times we've had decent updates. But that's as far as it ever goes. Will it be different this time. Time will tell but highly unlikely.

[stevie blunder] 30/10/2018 08:39

Decent update. I have been comparing volumes announced today with the old Beaufort Research note:



Beaufort:

We have built a conceptual financial model based on a 275kt operation producing
225kt of pozzolan and 25kt of perlite ore. We assume a 5-year period to achieve
these volumes. We estimate Pozzolan production costs at $40/t (delivered) versus
a $65/t sales price, perlite ore should sell for $75/t at the mine gate.

Today:
Perlite Mining



Phase 1 perlite production (years 1-3) is scheduled to rise quickly from an initial rate of 20,000 tons per annum (tpa) of perlite to 100,000 tpa at the start of Phase 2 (years 4-8) and continue at that rate throughout all of Phases 2 and 3 (years 9-15).



Natural Pozzolan Mining



Pozzolan production is scheduled at an initial rate of 100,000 tpa rising to 300,000 tpa at the end of Phase 1, reaching a steady rate of 500,000 tpa during all of Phases 2 and 3.
.........................

On the old figures Beaufort built a value model and risked it by 67.5%. They came out with a risked figure of £5.7M. Today the risk must be reduced and the project is bigger than Beaufort thought. Should be substantial upside to the NPV.

[benchmark] 09/10/2018 10:07

osammyboy2 - by the way my mention of it rising to 2p was tongue-in-cheek. Little chance of that ever happening. Even if things turn around for Sunrise (and I stress the "even") they will most likely do a consolidation to give the shares a look of respectability. No chance of a share price rising by the necessary multiples to reach the equivalent of 2p once a consolidation happens.
I hold the shares and I would be as happy as anyone to see them rise in value. Unfortunately, its unlikely that this will happen.

It takes a special kind of person to drag 2 companies like Sunrise Resources and Tertiary Minerals to the depths they have now reached. But it has happened!

[theaviator] 06/10/2018 15:09

In truth this is high risk but Ive been im for 18 months now and not quitting now lol I believe the project will go ahead in all honesty. Mid 2019 though is where am looking at any real decent rise when permits all done and dusted.

[marmar80] 06/10/2018 11:52

Nice average. My is close to 1p

[osammyboy2] 05/10/2018 10:59

With an average of 0.24p, 2p will do for me too

[marmar80] 05/10/2018 10:39

2p would do for me

[benchmark] 30/9/2018 20:03

Consider that Sunrise has 2.436 billion shares in issue and yet has a market cap of of just £4.14 million. That does create certain problems in terms of how any asset might be diluted across so many shares. Just open a spreadsheet and do a few simple calculations and you will see. Just how high could this share go? 1 penny ... 2 pence?

[stevie blunder] 30/9/2018 10:32

From the RNS of Sept 3

Mine Design

The Company has completed all of its internal mine planning work and a contract has been awarded to leading international mine consultants SRK Consulting in Reno, Nevada, to provide final mine designs for inclusion in the Company's permitting Plan of Operations and Reclamation Permit.

Whilst a substantially longer mine life is anticipated, an initial 15-year mine plan has been developed divided into three phases of open-pit build out. This will allow for progressive bonding of the mine reclamation to minimise the initial reclamation bond.

SRK's work will take up to 4 weeks to complete.

-----------------------------------------------------------

So the company might get the mine plan from SRK this week. When that is released to the market is something I dont know, but it would be big news since we could see the proposed tonnages and timeline which would allow analysts to compute an approximate NPV.
Since the Mine Plan has to be included with the filings for permitting and that process should allow public comment, the company should update shareholders at that time I would have thought.

[gf123] 30/9/2018 09:56

Agree. But future performance (production) is to differ from past performance. Therefore surely with this taking place a re rate would commence

[benchmark] 30/9/2018 07:56

GF123 - why do you think that SRES "has to take off one day"? I mean, if one was to base future performance on past performance .....

[gf123] 29/9/2018 23:27

Anybody think we will see some news next week? Surely this has to take off one day, hopefully before any further raise

[theaviator] 29/9/2018 22:13

Well we pay TYM a hefty amount for admin costs?

[marmar80] 29/9/2018 00:25

Maybe expand a little?

[theaviator] 28/9/2018 18:23

Chaps Ive noticed something that I hadnt fully clocked before -We pay TYM (Inwill check how much) and I looked at their accounts. Revenue - 110,554kAdmin costs - 269,480Pre license and other exploration costs - 11,954Hmmmmmmm Any thoughts? Odd if you ask me!!

[benchmark] 25/9/2018 14:05

The actual value of the shares traded is tiny - and the spread is ridiculous

[marmar80] 25/9/2018 13:26

Sold 2hrs later?

[benchmark] 25/9/2018 10:58

Yes - and an absolutely fantastic response from the share price!

[marmar80] 25/9/2018 10:23

One nice trade here today.

[theaviator] 05/8/2018 00:59

LOL Brilliant!