Sunrise Resources Share Discussion Threads

[theaviator] 21/8/2020 11:17

Correct Stevie. Was to be 6mk the due diligence. Wouldn't you think they'd have a clear idea by now. Why drop it from presentation????! ;)

[stevie blunder] 21/8/2020 11:11

The Company's evaluation of the Miller's grinding plant is not yet complete and although the formal exclusive arrangement advised last year has expired, the plant owner is happy for the Company to continue its evaluation on a non-exclusive basis.

[theaviator] 21/8/2020 10:55

Looks like it's been dropped as it was in the previous presentation. ;)

[theaviator] 21/8/2020 10:53

Latest August presentation. Where is Miller's???!?!?!https://www.sunriseresourcesplc.com/presentations

[theaviator] 21/8/2020 10:51

...and when? considering it's still we're at bulk trial phase?

[theaviator] 21/8/2020 10:50

What revenues from contract mining would you expect Bobby considering the detailed phase guidance as per presentation?

[theaviator] 21/8/2020 10:49

I've covered this before Jane. Mothballed and due diligence was supposed to be complete. Still ongoing and note the latest presentation...

[bobby.ifa] 21/8/2020 10:49

Well said Jane.Once they have the revenues coming in they could then buy the plant outright.

[janestone] 21/8/2020 10:45

They also stated that they could rent the plant, which they could do short term.

[theaviator] 21/8/2020 10:18

And we know the history of Sunrise and dilutions...(no qualms) NOW it is actually needed and would be good to raise the capital needed and exciting to take this project forward and alone and in a way I agree with Rod but....Am afraid at the moment it's guess work. Let's see how he plans to move forward and in what direction....

[theaviator] 21/8/2020 10:12

Rodster says he doesn't care about dilution. Well a 12million dollar raise for a plant as clearly stated (and in interview) would see Sres diluted by the same again! That's a fact. So clear finance direction from Sunrise needed if indeed they are going this route..

[theaviator] 21/8/2020 10:10

There is a heck of a lot of money raising ahead if they are going to go this alone and if not then a 3-4usd royalty like Kirkland would seem to be inline with industry standard. Also the timeline with contract mining may see a few contracts but nothing riveting considering its laid out clearly regarding "bulk samples". I certainly wouldn't be expecting millions of dollar contracts..maybe a couple hundred k. I'd also be surprised to see contracts at all IF he's going ahead to sell this project. Let's see what he updates market with...

[theaviator] 21/8/2020 09:59

Spade slyly (he is v v sly type) misleading people on LSE again and says "At a $100 a TonneToday 08:47I would estimate the whole of the CS Project and New Perl + Jackson Wash, there must be between $5-$10 Billion in resources. Scary stuff when you think our market cap is only a measly $12 million.No brainer for investing here"It's wildly misleading. Forget revenue. Think profit! Profit per tonne more aligned to 20dollars as per Kirkland's investment model. Hence their buyout royalty between 3-4usd per ton!

[marmar80] 20/8/2020 22:16

Sunrise is a forgotten share with potential. Hope it will wake up to 3-4p in a year time. This new project just makes sense.

[theaviator] 20/8/2020 17:05

I'm off down the shops ;)

[loot2309] 20/8/2020 15:47

Slightly disappointing second half of the day after all of that excitement.

[regandharry5] 20/8/2020 12:18

Soon be getting nose bleed. Lol.

[regandharry5] 20/8/2020 09:47

Must be more news coming.

[1lovejoy] 19/8/2020 23:06

So your expert post at 9.51 am on 18th is a bit misleading or as you know how I call it utter shte and misleading.

[theaviator] 19/8/2020 21:08

Bulk trials because they were only allowed to dig so much before as we were restricted. In fact as far as I'm aware they were only allowed 1x100 ton sample. I'd say they want a larger cross section of material now. Customer(s) is plural so maybe he is indeed planning to take it himself. Looking forward to more being revealed...

[1lovejoy] 19/8/2020 20:51

Why bulk trials after permit granted totally granted next month.if you were a buyer would you not absolute proof.