Sunrise Res Share Price (SRES)

I concur with your synopsis 1investor, except that PC has indicated that he wants SRES to be a royalty company, so I don’t think the CS project will be an out and out sale. I expect the CS cash element of the deal to be multiples of our current market cap, as it is mine ready. It is all coming together nicely, we just have to be patient. I would like to see a chunk of the CS money given back to the loyal shareholders! Leaving development money to prove up our other assets. The very positive thing is admin costs are minimum, and PC is the biggest shareholder.

Thanks Terrafin

@ 1 Investor - post highly recommended

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Reece Ridge has enormous potential, because of the presence of Gallium, albeit at a very early stage, but with the capital receipts from our more advanced projects it could be propelled very quickly to drill stage and therefore potentially delivering value.

It’s an interesting development to see sale negotiations taking place with regard to Sunrise Minerals Australia Pty Ltd, and therefore Bakers Gold Project, which I imagine is intended to lead to a future royalty agreement.

So, all in all, the stage is set for the company to become self-funding, in the not too distant future, which the share price will respond to. The question is by how much and that will be determined largely by what kind of deal is struck at the CS Project.

My final thought; the share price is a steal at these levels.

Thanks 1wager

I think the overall message from recent news releases is that the company is about to turn a corner and the prospects for self-funding appear quite close.

I have no doubt that there are multiple parties “in talks” regarding the CS Project and inevitably their objectives and timescales will be different. It’s the company’s job to negotiate the best deal, from these, although timing is never easy to predict, even with multiple interest. The most significant piece of new information is that “there are new interested parties emerging on a regular basis” which indicates a growing awareness amongst the cement and concrete community that the time to change production methods has arrived.

I’ve always thought that Hazen could be tied in to a deal on CS, but by way of an option because it’s proving is so far behind CS. I don’t think this has held CS back however. I understand the reason why the Hazen sample hasn’t been processes is one of practicality. The processing facility which will do it made clear at the outset it would do so free of charge when it could do it without disrupting its own commercial processing activity. It’s been full on since Covid and a convenient opportunity hasn’t emerged, although it now seems it has committed to this imminently. I suspect they’ve done this under some subtle pressure from PC, given the delay, because the interested parties to CS may have expressed interest in Hazen and PC needs the testing results asap.

Personally I favour a sale of CS, at the right price, and always have. Royalties are good for cash flow but capital is what this company needs to propel it and the share price to the levels it should be at. A deal involving “supply as mined” puts us in the mining business which is less appealing largely because we can’t control whether the third party processing plant will continue to want our product for the life of the resource.

In terms of timing, if the CS Project, due to ongoing negotiations, isn’t the first major deal the company does then Pioche will be, in my view. Everything points to the deal being done which would bury any prospect of future dilution.

The CS Diatomite Project was a pleasant surprise to most and the first tranche of $75k has helped and the second tranche of $75k is imminent, which all helps to buoy the bank balance. Dicalite have already demonstrated that they want to proceed with speed which looks likely to begin producing a royalty stream next year, possibly in addition to Pioche.

There are tentative and encouraging signs that Jackson Wash is shaping up, which again could produce a significant capital sum and ongoing royalty payments.

Garfield, as above. GMET have released a lot of news lately which speaks to their determination to make it a success which is good for SRES shareholders.

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