Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks Dubliner, well spotted.
It seems that NewPerl is coming more to the fore - it's been promoted from the Appendix to the main body of the presentation. And from the last RNS but one we have this :
"Consideration is also being given to processing a bulk sample from the Company's NewPerl Project at the same time, for which a permit has already been granted."
Perhaps it's higher quality stuff than the main CS site?
Here's a link to the updated presentation, just for convenience :
https://www.sunriseresourcesplc.com/filemanager/Presentations/2019/Sunrise%20Presentation%2023%20September%202019%20V4%20for%20website.pdf
I missed those pics too SGD. In Warrington waiting for car service and browsing SRES website note the presentation updated to include those pics and few other changes like highlighting sales annual revenue.
BTW2 lse still seems to be rejecting some posts at random - suggest copying text before submitting!
BTW, just in case anyone else missed it like I carelessly did, the latest RNS did include a location plan & a photo of the ball mill. These can be seen in the version of the RNS on the Sunrise website :
https://www.sunriseresourcesplc.com/downloads/sunrise-resources-plc-rns-cs-project-agreement-regarding-processing-plant-20-september-2019.pdf
Hi CC,
Dubliner gave some thoughts on this in his post on 14th Sept, which are well worth reading.
Based purely on the fund-raising history, we are certainly due for one now, and it does seem a big ask to be able to hold on till the permit is granted. So we may need a small 'interim' placing before then.
To get production started, even assuming we follow the 'low cost startup' route, we'll have to pay for the reclamation bond plus some infrastructure, even if it's just putting some fences up. But at that stage, with the permit approved, other funding options should come into play.
Once production starts to ramp up, we'll hopefully achieve self-sufficiency before too long, and can start saving up the pennies towards the processing facility. If we can repurpose the Millers plant (as per the latest RNS) then we should get there much sooner/cheaper. I am inclined to be cautious about this - bringing old equipment back into service is unlikely to be problem-free! But even if the grinding/processing kit is unusable, just the site itself with its infrastructure (electricity etc) in place should give us a head start.
SGD
I think you’ve hit the main point in all of this that is fact and cannot be argued. Both products demand is and will rise in the future.
Fly ash reduction + legalised weed = increased pozzolan & horticultural grade perlite demand
Obviously the permit will trigger the move but would be nice to creep up in the mean time.
Hopefully only a small capital raise (at a higher price than we are now) will be required to get through the year and then we should be able to be self sufficient from on site work?
Is that how you see it?
Cheers
CC
SGD
I think you’ve hit the main point in all of this that is fact and cannot be argued. Both products demand is and will rise in the future.
Fly ash reduction + legalised weed = increased pozzolan & horticultural grade perlite demand
Obviously the permit will trigger the move but would be nice to creep up in the mean time.
Hopefully only a small capital raise (at a higher price than we are now) will be required to get through the year and then we should be able to be self sufficient from on site work?
Is that how you see it?
Cheers
CC
Hi dj,
Regarding a target price, I'd start with the SVS January research note (linked on Sunrise home page). It's pretty badly written, with various typos & inconsistencies; but myself & some others here have done back-of-envelope calculations which are in broad agreement. Their "Price Target" is 0.41p, but this includes a 70% discount for an assortment of risks - as they stood in January. Since then some of those risks have fallen away to some extent (e.g. NGS shutdown becoming a certainty).
So provided all goes according to plan, it would seem reasonable to use their pre-discounted value of ~1.4p as the medium-term (1-2 year?) "target price". Others will have different figures in mind, I'm sure.
Longer term? Well, anything's possible. It's remarkable that we seem to be in the right space at the right time for BOTH our products. Of the shares in my PF, I'd say this is the one for which I have the highest hopes.
So what would be a reasonable target here do we think? 4p would hit my target to stop working but no idea how how this can go.
£2/4 range is the best laugh ive had in ages.
Lordb, im not sure if you are mathematically challenged but £2-£4 a share would give SRES a market cap between £5.5billion-£11billion. Im sorry to say that is just cuckoo talk
stick to poetry
The below post from LordB is subtle de-ramp nonsense.
PC has not suggested this new site is day one - it is the Pozz investment option which according to the Beaufort research note we might pursue after 3 years so it is a positive - that later ramp up brought forward.
We would not have signed up on this if there was not huge interest in our Pozzolan.
Any refurb will be funded from Loans / Bonds etc once we are up and running from CS location early in 2020.
A very mischevious post IMHO
Load of ****** LordB as you well know.
It would have got more traction if he had released it on monday pc and the mm's want this to stay cheap
But it wont and cant once we hit production mid to late next year and after at least 2 placings to fund the repair as its not been used or even operated successfully from the 1980s so bills for the the repair and modification will be in the millions lets not kid ourselves here. But I have this feeling that the agreement he has made with the owners of the Plant tonopah resources Inc and its shareholder granite peak holdings LLC may include placings for funding repairs.
But I have this feeling pc could sell us all out and we will never hit the big times because it would part of granite peak
I MUST stress it is just my opinion I am in no way trying to de ramp this I am here for the long term no matter what
Once pc invests in the repairs and we hit production the share hopefully will be in the £2/4 range well here's hoping
Feck it tried responding twice and give up.. back to ruby..
Poss help from them to finance and equip new plant ?
Cont'd - I believe we will continue with plans to process Pozz run of mine ore and the Perlite at CS location itself initially as planned. The fact though we are signing deals to process Pozz speaks volumes to me. PC must have serious interest from Pozz Customers to have progress this at this stage IMHO - other views welcome.
What a POS - grr.
I was trying to point out this 2nd RNS relates to what PC refers to as the Pozz investment option. Take a look at slide 17 of the Aug presentation on our website - post TBC...
had the same problem but only seems to be on SRES weird !!!!!
Test - lost two blooming posts ... is this working..
?
This time next year Roders we could all be millionaires !!!
Brilliant RNs, another step closer.
I assume it's the group of buildings south of Highway 6, here :
https://goo.gl/maps/1dfuJEvrBho24hSBA