Sunrise Resources Share Discussion Threads

[theaviator] 15/1/2021 17:13

*Refuse to accept I meant

[theaviator] 15/1/2021 17:13

You refuse to ignore the presentation comment. I read what's on page not what I want to be there!

[theaviator] 15/1/2021 17:12

Too many locked in or fallen in love. I learnt the hard way over the years! BUT I learnt!!

[theaviator] 15/1/2021 17:11

Ok. Don't ask me then.Imagine 50/50 on a trial sample. Pathetic!

[loot2309] 15/1/2021 17:06

Aviator it simply isn't true to say that revenue matters not, revenue is a very important part of the calculation and plays an integral role in valuing a company especially one at the early stages of being built. Of course costs play a big part and there are unknowns but you keep returning to this idea that the presentation is misleading but I disagree and so do many others. This is a very cheap mining process, for the CS Project, and phase 1 would make capital investment a far easier process if they wanted to expand the perlite. Personally I think the plan is to sell or JV the CS Project and that is what will fund the precious metals exploration.

[theaviator] 15/1/2021 14:00

Hi Jon,We have discussed this before. The presentation is wildly misleading to me in truth. The first point you outline comes under phase 1 which has also been stated has "lower demand". Again everything talks about revenue not profits. Revenue matters not.It's all to do with the cost of extraction. What started out as "simple dig crush ship" as many on LSE iterated will prove to be costly and unproductive imo The costs are YET to be outlined. The secrecy is not only a disgrace at this point but uninvestible imoWe knew there would be delays but looks like that is going to turn out to be an understatement. In addition to the above factor in metal project costings and it's the same old same old from Sunrise resources.ATB

[jonboycider] 15/1/2021 13:12

Hi Aviator. What are you thought to the company presentation page that states:- "Mineable by long life open-pit with low strip ratio targeting: ▪ 20,000 -100,000 tpa perlite (sales value up to c. $10m per annum at mine gate) ▪ 100,000-500,000 tpa pozzolan (sales value up to c. $50m per annum when ground and delivered)" What does at the mine gate mean? I'm assuming this means perlite ore that's been through a simple crushing machine and then bagged up as per the recent photos of the samples ready for delivery. Not a high cost activity. So that provides $10m per annum. Yes, more revenue could be generated by building a processing plant and that could potentially increase revenue to $30m+ just for the perlite. On top of that we have the $50m of pozzolan. Again low cost extraction. If we assume a 10% profit margin which I think is low, and a low p/e of 10 then that gives an mcap of £60m when at full production levels. Which suggests to me that sres is undervalued and not overvalued? What are your thoughts on this, am I wildly optimistic?

[theaviator] 15/1/2021 12:02

*will not gain any credibility

[theaviator] 15/1/2021 11:49

Fire2480, carry on my son but you, like most of the other LSE thickos gain any credibility without asking THE most important questions first but MORE importantly being able to answer them. IF you cannot answer them then you shouldn't be investing!

[theaviator] 15/1/2021 11:39

There's your carp called out now go back to sleep! As a little weekend homework you can mill those questions round and round in your scone regarding Sunrise and get back to me when you have credible answers.

[theaviator] 15/1/2021 11:31

Indeed only today Zimmer hit a new high. Amazing eh...that real solid companies with billions of cash, sales and income can make people money. That strike you are being odd?!

[theaviator] 15/1/2021 11:27

Perhaps you were sleeping

[theaviator] 15/1/2021 11:27

Excuse me?!! Zimmerbiomet target was hit in March Sir and a rebuy in the subsequent crash. Superb company..https://ibb.co/DYwqhPh

[theaviator] 15/1/2021 11:24

And no, I encourage reasonable debate and questions to answer. None of which seem to be challenged. That's because they are an honest synopsis of the current state of the company. Please by all means debate them. I'm waiting..

[fire2480] 15/1/2021 11:22

Pleases me immensely that your Zimmer frame has been rattled .

[theaviator] 15/1/2021 11:21

Ps it's "you're" not your. Come let's have your wisdom and answer to my perfectly reasoned questions. ;)You have to remember the aviator doesn't miss a thing.

[theaviator] 15/1/2021 11:17

Perhaps try answering my question Sir, rather than a name calling game. It would be more appropt and helpful to fellow investors.

[theaviator] 15/1/2021 11:16

That's a little harsh isn't it considering if you look at my call history on here and other shares it's pretty impeccable! ;) So, do you want someone on a BB calling Boom and rockets or you want s little bit of harsh reality? What really makes the money?

[theaviator] 15/1/2021 11:14

No, you've never met me

[theaviator] 15/1/2021 11:14

The difference is Bernie from Kod at least laid it ALL out ;) We still waiting here...... Chess game but who is winning and how easy are the pawns to knock over?

[theaviator] 15/1/2021 11:10

Let's pose a couple of questions to you two gurus. How much money (NEVER talked about my management!!) do you estimate needed for metals? How much money even IF a JV would you expect company to raise to become cash flow positive?I await your answers on a postcard..

[theaviator] 15/1/2021 11:08

Fire, I'm sorry, I don't see you have a credible call history of this company? Perhaps I've missed it?Lol You will see...

[theaviator] 15/1/2021 11:07

And yes it's true nobody does the research I do.Ps You should try to get an update on Boral/Kirkland plant. Jane hit the nail on the head before Christmas hinting "What's the rush";)

[fire2480] 15/1/2021 11:07

AviatorWhy do you continue to mislead people . Your think you know so much about sres , when in fact you know sweet fa . Avoid anything this man says people . He will lead you down the garden path for his own gains .