Sunrise Resources Share Discussion Threads

[theaviator] 28/10/2020 11:55

I've explained all there. Up to you to read, understand and interpret it if you are capable.

[samspade4444] 28/10/2020 11:54

The difference between your profit statement and my Resources statement is mine is true and yours is guess work. FACT!

[theaviator] 28/10/2020 11:53

If you have a cash burn like Sres has Sam, company profits are soon evaporated eh.Hence the ONLY way forward for Sres is to go for popped Perlite themselves as I've stated.

[samspade4444] 28/10/2020 11:52

I suppose it will be classed to you as I'm bullying you now because I'm questioning your validity. Grow up chim! Stop thinking you are always in the right. I suppose you used the word "Unhinged" first too?

[theaviator] 28/10/2020 11:51

I haven't misinterpreted anything. I talk by company profits you talk resource sizes. Resource sizes as I have explained are irrelevant by comparison!

[theaviator] 28/10/2020 11:49

Even I thought Kod was a bargain at .30 with Resource size!!! So did the Chinese. BUT look at the share price now..... .06! ...and one thing we know with history here is PC is not afraid of dilution. You will hear people saying, oh but he won't want to dilute his own holding. It is used as a smokescreen tbh as they have other ways to extract salaries don't they... ;)

[samspade4444] 28/10/2020 11:47

So explain why you misinterpret what I said? Is it to try make yourself look like you know what you are talking about? Why are you so interested in SRES if you have sold all your shares here? We all know that you haven't, but why lie? Is it so you can say exactly what Doddman posted yesterday? I noticed you didn't give him a reply. Maybe because you totally ignored it because the truth hurts.

[theaviator] 28/10/2020 11:45

And Samspade is very good at mentioning big figures that don't matter a bean. Resojrce size doesn't matter and not in question. Smoke/mirrors. Still excited over VR royalty? LolThe fact is Sam, it will take several years to become anywhere near profitable. That's the reality and IF he is serious about development we are only in the beginnings. Look at companies like Kod and note the dilutions...Am serious.

[theaviator] 28/10/2020 11:39

Because that's what it is ALL about

[samspade4444] 28/10/2020 11:39

I still stick with my estimate that at $100 a ton and including the whole of the CS Project plus both New Perl and Jackson Wash, there is potentially $5-$10 billion in Resources! NOT PROFIT!!!! (The capital words as to make it easier fro aviator to understand)

[theaviator] 28/10/2020 11:39

Glad you have an understanding of profit now.

[samspade4444] 28/10/2020 11:34

Aviator is very good at putting words in others mouths. He totally misinterprete what people say. I said at $100 a ton there is billions of dollars worth of resources. Not once did I mention the word "Profit".

[under the radar] 28/10/2020 11:27

EVERY SINGLE TRADE IS A SELL EVERONES GETTING OUT NOW !!!! DONT GET CAUGHT HOLDING THE BABY TAKE LOSS BEFORE THEY GET BIGGER THIS HAS BEEN PUMPED BADLY NOW COMES THE DUMP STRONG SELL

[theaviator] 28/10/2020 11:13

Unhinged. Jay thinks same. You actually doing me a favour but you haven't even bothered to read and haven't the first clue about this company either.

[theaviator] 28/10/2020 10:42

I'd hope only a million or two max prior to production not 10 lol I think that's down the line if he really goes all out for Perlite.

[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