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A positive RNS, 130ft deep and trenching of 3x 300meters looks as though there is a fair bit of tonnage and sounds commercial, with expansion of the resource. So as well as the $1.4 million (before the 10% commission comes off) coming in December we have our 3% royalty which is increasing in value. Puts our current market cap in perspective, just on this project alone! In the meantime we wait.

A very dogmatic reply Legalwolf, is there any room for an alternative point of view? In answer to your concerns giving my alternative view.

- Sheffield will be partners, with a 190mA$ market cap, giving us access to capital and clout, in exchange for providing money, mining, market experience. It de-risks the project for me, and I am happy to share the spoils to get it to production.

-Sheffield are an ASX stock so have to do things by the book, with good long term personal relationships in play.

-production moved back slightly, but with a new strategic partner with fresh experienced eyes on the project, hardly surprising.

-plenty of upside which we will have 50%.I am happy to share to reduce the risk. I am relieved that we still have the licences and have come through two years of worry, so have lower expectations than when I first started to invest. The return I am expecting is still multiples of the current share price.

We can agree that all will be revealed with details of the contract. I do not expect a massive rerate, just a steady rise with positive news. I am happy to wait until 2026, and expect inflation to have had a positive effect on the value of sales. I am waiting patiently for the dividends to start!

Having just watched the interview, the drop in the share price is perplexing. The comments on here reflect some very nervous shareholders, who might have contributed to the selling. I was very pleased with the interview, lots of potential positives, and some honest pragmatic answers, Australian style! This investment has lots of moving parts, and strategies will change over time, especially with Sheffields involvement. Greg sounded and looked very confident. The very loyal shareholder base is backing him, know the value of our project, and I would think are very happy that we are running with the Australian Sheffield. There are no issues that cannot be overcome, and now both Sheffield and CMET want to maximise the opportunity, when money is not a problem. There will be a few bumps in the road, but the loyal original shareholders have shown their resolve when the share price was at 1p, that would have been the time for anything sinister to happen. We will see the bones of the deal next week. I look forward to 20 years of substantial dividends, unless we get bought out. I would think the original shareholders will not let it go cheap after waiting for so long. I am a very relaxed shareholder, who has been to the last two AGM’s and met Greg.

A year is an age in share trading, but investing in assets that the market is finding increasingly attractive, a year is nothing. The Tosa money should come in December, only 6 months. We are all feeling beaten up, it has been a very depressing few years, but the sun is starting to rise.

Rather a mooted response to the RNS, to me $6’s a ton gives a great potential, but the market is just not interested. I think PC went for a lower upfront payment, and a higher royalty. A longer term approach. The market is Just too jaded with SRES, and does not appreciate it. The asset values at some stage will be revealed, patience as ever!

The reference to Crow springs threw me a bit, it must be reference to our 29 licences in the county lines diatomite project from the web site. https://www.sunriseresourcesplc.com/county-line-diatomite-nevada

How many millions of tons are in those 29 licences at $6’s a ton royalty!! This could be absolutely massive, with the royalties starting as early as next year. Imagine a deal of this kind with the CS project, at that level of royalty! It just shows the potential upside at this level.

The volume is just so small, a share price break out is nice, but not sustainable without some volume. I don’t know what has caused today’s rise? The market will only really respond to a deal that puts some confirmed value on our CS project, with our 28 year mine licence. We will hear something in the next 5 weeks, and I think the value of the deal will be multiples of our share price. I am certainly not excited by a 20% rise with no news and little volume.

£3000’s of buys, cause a 20% rise in the share price? It was the same on the way down, I might add!

Yes you are right, It would have been nice to get a royalty over the whole lot, but it does look to be commercial at increasing metal prices. Upside potential for our lowly share price!

The odds are looking positive that Golden Metal resources have a commercial find. We are years away from earning any royalty, but the value of our royalty in the ground will be increasing. Positive news whilst we wait for the CS RNS.

Looking on the bright side, no deal has been done and gold is over $2400, and looking to go higher. One could argue that we are lucky that a deal was not done 6 months ago! A deal will now reflect the increase in gold price, happy to sit and wait, and trust JM to do the best deal possible given the circumstances.

We are where we are, it is up for sale, and we wait. With gold at 2400, cutting back on expenses over the next few months until a sale is confirmed, is not material to the shareholders. A drop in the share price, always brings out negativity. Happy to let the board negotiate to reflect gold at 2400, and the upside resource potential. In the board we trust, or sell up, there are only two options.

A compelling risk reward ratio, that must at some stage be recognised I would hope.

A confident looking Greg, and why not? Lots of upside, great profit margin, they want in. We just have to be patient with first production first quarter 2026. The figures will eventually translate into the share price, but in the meantime we just have to wait. Low risk high reward share.

Https://hotcopper.com.au/asx/sfx/?keywords=SFX Worth keeping an eye on Sheffield, they have a market cap 10 times bigger than us, and they might announce something before us.

I agree with you Safe, significant negative shareholder value, I can understand your vented frustrations. I am still invested because of the belief, that over time this situation will change, hence why I still support PC. You might want to call me naive, however establishing the value of our assets is not far away. Sounding off now achieves what?

I agree the royalties are a long way away, but my point is purely that the value looks to be increasing if we were to sell the royalty today. I don’t think we will get any more news on Tolsa until December, when they have to make a decision. June is round the corner for the CS project, and I would hope that PC was being conservative! We can but wait, with a market cap that reflects a blank!

Https://www.londonstockexchange.com/news-article/GMET/garfield-significant-magnetic-geophysics-results/16424347

It might stir a bit of interest, if it continues! In the meantime we wait for news. An increase in commodity prices can’t do us any harm.

Nice to see gold maintain last weeks rise, now the Chinese are back. My buy here is shown as a sell! We just have to be patient.