Member Info for Dubliner

Hi Comeonsres, hope you are well. I read your post and wonder which December you refer to as for the permit application.

Patrick and the team have been working on baseline studies etc for the permit pretty well right from acquiring the project.
The main date in for the permit application was the Plan of Operations submission last May 13th (not superstitious but not turned out to be a lucky date!). Here from the RNS;

Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, is pleased to advise that it has submitted its combined Mine Plan of Operations/Nevada Reclamation Permit Application ("Plan of Operations") to the US Bureau of Land Management (BLM) and the Nevada Division of Environmental Protection's Bureau of Mining Regulation and Reclamation (NDEP & BMRR).

As you know around that time the expectation was we might get approval later in Q4 of last year - so lets say end December worst case. As we know though the BLM then changed the goalposts (requested more reports) and we got this RNS on 4th December 2019;

Following a progress review with the Company's lead permitting consultant, EM Strategies, Sunrise Resources plc wishes to advise of a delay to the completion of mine permitting for its CS Pozzolan-Perlite Project in Nevada, USA.
The delay has been caused by the late introduction by the lead regulator, the US Bureau of Land Management ("BLM"), of some additional information reporting requirements for one of the Company's Supplemental Environmental Reports.
Whilst the BLM has undertaken to work expeditiously to review the additional information in order to mitigate any delay, the Company now believes that this requirement, when coupled with the forthcoming Christmas and New Year holidays, will push the completion of mine permitting into early 2020.

I have no idea if PC or the Company gets any indication from the BLM of likely timescales for the permit being posted for public comment. But imagine for a minute that in December the BLM said sorry Patrick this is not going to happen for minimum of 5 or 6 months. If PC has announced that I think maybe the SP would have tanked. He must be in a difficult position deciding what to post. Let's face it he must have been given an original expectation of Q4 2019 so it seems he does not want to announce to us any forecast dates from the BLM because if they slip it reflects on him.

From my perspective I will just accept at face value the most recent statement of 26th March that we are at a very advanced stage in the process. But yes I share your frustration on this as no doubt Patrick does himself as he has around 8% of this Company if I am not mistaken.

Busy fella today Min, thanks and hope you are well.

Hi Den, thanks we are both well. She being furloughed and me working from home. The new daily routine is she washes and irons anything in sight then bakes something, bad for my waistline though!
Hope you and yours all good. Let’s not mention shares (smiley face).

Mmm I would chuckle if I did not have some oil shares SGD!

Nice little purchase by someone I see.....
Hope all our decent long term holders are all well.
Have decided not to get involved with our less positive posters here, every board I am involved with (shares I hold) seem to have posters of every colour and persuasion and I just have decided not to get involved with arguments...

I too was pleased that the fees where taken in shares. I note that is a 5% fee they took and there will be another fee due for the most recent raise at some point... £10K owed....

As Sam noted be interested to see what happens with Millers, hopefully common sense will prevail and there may be an extension to the date by which we need to commit on it.

It seems to me that PC has made a number of good decisions in last 6 months or so from selling our BLOE holding at a decent price to going into lockdown for staff ahead of time (and perhaps they are being furloughed!) to doing that recent raise just before the CV19 thing really hit. The most reassuring statement of late is that we have sufficient funds to last until permit is completed (and hopefully approved). As long term holder here know Capital funds needed to get under way for the contract mining will not be huge (compared to some mining types) and we should be able to get financing for them.

The 2 more important things here now;
1. Permit
2. Signing customers for offtake - will the demand for Cement (construction) and Perlite (including canabis farming) be there / bounce back after lockdowns end.

I saw an article on BBC that was observing the different National characteristics for what is deemed as essential services.
For example Gun shops in US, Chocolate / Patisseries in France etc. It was noted the US states that legalised canabis still have those shops open but Customers get served from their cars...

Finally would say I am a grown up and don't need someone telling me what I should and should not invest in. Imagine if someone walked into your local (when they were still open) and said why are you all drinking here this is a rubbish pub. They would probably get a 'smack in the chops' as we would say....

Bplan yes agree with that. Interesting to see offer raised to .11p too.
Have nice weekend and of course stay safe.

Reckon a certain someone might have humble pie for le petit dejeuner.

Nice update Bplan - thanks. Touche ref last sentence!!

Just what we needed after the SP knock yesterday...

I just noted RNS our our sister Company TYM and resignation of Richard Clemmey.

Thanks Denmania. These are strange times eh!
Keep safe yourself and same to all folks here....

Thanks for the replies / info Bplan and SGD....

Hey Bplan, are you still seeing that one (Corvus) as I did not see it on my search.... thanks in advance...

Hope your well 987 - well I am working from home for the forseeable which is fine is one sense but need to un-isolate myself for a while and see if I can buy something like a comfortable office chair!
Was planning to go today but that wasn't to be.. Just hoping the worldwide slowdown won't scupper our permit for very much longer...

Yes last year was pretty much the same presentation as the website bplan....

Hi Min, I personally have never been critical of you but SGD and I wanted to understand why that 'custom grinding facility' could not grind our Pozz for us. You described that things can be twiddled on the grinder to get the required size (I quote approximately from memory). But we wanted to understand why this facility could not do it/that.

We have now had a clear explanation per SGD post straight from PC so respectfully I feel happier now that is clarified. So don't take it to heart am sure you know how to operate a grinder. Question answered let's move on.

Anyway guys whenever the Permit happens (assuming it does) we are another week closer to it.
Have a good weekend all... hope your health is good Min....

Yes ditto, thanks SGD as you say we don't need to worry about this now. Appreciate you asking this...

Hi SGD27, thanks for the note, happy for you to raise it...

I will avoid getting involved in the spat here but ref the AGM then am disappointed. I had a feeling in my bones this was going to happen. I have booked time off work for this and it is a once in a year opportunity to meet the Board that has now gone.
I do though of course understand why this has happened....

Another new project on BLM (in addition to one flagged by bplan);
Hiskett & Sons, LLC Flat Top Gravel Pit Expansion

When will it be our turn...