Sunrise Resources Share Discussion Threads

[theaviator] 28/10/2020 10:40

If I could get my head truly around the metals Jon. Gold I can do..silver truly I haven't any experience with, but the gold grades looked as Rod said "pie in sky". The costs what worry me there I guess.Still and being 100% level as I try to be...progress is being made. No doubt. Looking forward to detailed finance. This is what will really sort men out from boys and we will do level best to navigate it.

[jonboycider] 28/10/2020 10:36

Agree. Clearly substantial capital costs to ramp up production. circa £10m? I really hope that PC doesn't have to come back to the market. I do have a concern that the metal play is away of spiking the share price to get a placing away. They've played that game for years with TYM. Time will tell.

[theaviator] 28/10/2020 10:33

Just go away fool. V sad.

[theaviator] 28/10/2020 10:24

Let's deal with year one and two for now Jon? That's where I am at! Considerable finance spend needed as we are aware so I'd like to see that first so know how many new shares may likely be in issue or not. Also we know finance also required before mining as stated in interview.Best post I ever saw from Rodster on LSE re metals. He is spot on tbh. Smoke/mirrors

[theaviator] 28/10/2020 10:21

Here's a smaller one in Nigeria. Around 16% (realistic) but several years to recoup. https://m.scirp.org/papers/97382

[jonboycider] 28/10/2020 10:12

I’m not sure I agree with your figures. In 2019 the average profit margin for the top mining companies was 9%. Given that CS is an open pit and the ore just needs grinding to process, the profit margin should be substantially higher. Also at full production there will be a total of 600,000 t per annum. At a sales price of $100 pt that’s annual revenue of $60m. Even at your low profit margin of 10% that’s $6m profit per annum not $800k. Why do our figures differ so much? How do you work yours out? Good to have a debate about this! Come on Sam, what are your thoughts?

[theaviator] 28/10/2020 10:01

Re SVS....https://www.financemagnates.com/forex/brokers/fscs-opens-door-to-further-claims-against-svs-securities/

[theaviator] 28/10/2020 09:48

Nevermind what svs said - They went bust didn't they. They really overcooked didn't they..You are looking at 10 -12% net realistically. Max!I've a few more documents as well but will post later...Don't ask Sam about interpretation as he thinks the project is worth billions when realistically you won't be pulling much more that 800k usd from CS a year unless a Perlite plant is built."Revenue"- smoke/mirrorsGL

[jonboycider] 28/10/2020 09:29

What's your interpretation of the document Sam?

[samspade4444] 28/10/2020 09:12

Feel free to post it on LSE...LMFAO!

[jonboycider] 28/10/2020 07:52

Interesting read but what am I missing Aviator? The costs add up to $73 per tonne. Based on the the $100 per tonne revenue from the presentation that’s a pre tax profit of 27%. Which is in the 20-30% that SVS expected in their research report.

[loot2309] 28/10/2020 07:26

Aviator I have read that document but can't really see what's in there that you think is so big that LSE 'deserves to know'? It's a royalty agreement isnt it?

[theaviator] 27/10/2020 23:53

When you work all that out it kind of makes a bit of a mockery at the pie in sky LSE valuations doesn't it?! lolHence Perlite expansion is the ONLY company building way forward imho again as detailed.I rest my case. Been waiting for this post for a long time. So, as detailed the first way isn't really a financially viable route for the company despite the huge tonnages they could dig. This is why he is continuing to dig for silver and gold I'm addition... Please feel free to post it on LSE Jon. I've been holding it back for a long time but go ahead. They have a right to know.

[theaviator] 27/10/2020 23:37

"Secretive" as PC says....until it's not. Confidential BUT findable. ;)

[theaviator] 27/10/2020 23:34

Yep understood. Tbh it totally confused me as well at the start and at first I was shocked at the net.Try this for size...https://rioblancodevelopment.com/wp-content/uploads/2019/04/Kelsey-Ranch-Mineral-Appraisal-2018-Confidential.pdf

[jonboycider] 27/10/2020 23:24

Fair enough. I was just going off the revenue figures on the latest presentation. Expected profit margins haven’t been provided so it will be interesting to see the difference between the two products. I can’t imagine there is a big difference in profit margin between horticulture grade perlite and pozzolan. I appreciate expanded perlite is more profitable longer term. I was just eluding to the fact that for a similar per ton price in phase 1 pozzolan seems to provide more revenue due to the higher tonnage to be mined.

[theaviator] 27/10/2020 23:15

Ah ok the 60 tonne by product pour. Probably concrete mortar plaster...something along those lines. For sure he's got eggs and baskets going on here. This I was impressed with. Just going to take a bit of time that's all...

[theaviator] 27/10/2020 23:11

With the greatest of respect, I don't think your costings are accurate Jon. I'll detail what information I managed to find out on exact costings for pozz soon. The net profit margin on pozzolan isn't anywhere near that imo and I found the presentation misleading tbh I think I stated it before. You are talking in around the range of 15- 20dollars with all costings deducted from memory which would align to the Kirkland deal of 4 dollars a tonne as being reasonable. THIS is why he's going for perlite with a view of expansion imo because it's where the money is.I have a few pdfs which am happy to dig out and upload if there is a way you can download them?

[jonboycider] 27/10/2020 23:08

Yes, mentions that there will be a sample that will be ground for concrete pour and testing. Is that in house or a potential customer that it will be shipped to? It doesn’t say.

[theaviator] 27/10/2020 23:04

Sorry Jon, you mean the 100tonne perlite sample to be processed end of the week?

[jonboycider] 27/10/2020 22:54

I thought that initially Pozzolan would bring the larger revenue. 100k tons at $90-$120 whereas perlite is only 20k tons at $90-$100. 5 customers lined up to potentially bring in up to $2m in phase 1 where as no mention of customers for revenue up to $12m for the pozzolan.

[jonboycider] 27/10/2020 22:46

What did you make of the pozzolan. Large sample available for testing but the RNS didn't really make it clear whether it was going to a potential customer or customers.

[theaviator] 27/10/2020 22:45

We don't want spikes. Rod already has a pretty special time piece. Every second is an hour and every hour a year. He will be ok. (For once! Haha) ;)