RE: Sunshine Minerals23 Jul 2018 15:11
This from the RNS in April:
Hamish Harris, the Company's Executive Chairman, commented:
"This is extremely pleasing news. Funding the costs of licence applications is fraught with danger. Many promise, very few deliver. By obtaining the letter of intent, Sunshine are well on the way to achieving what they said they would do, and within a short timeframe. We expect this letter of intent will be converted in to a prospecting licence in the short term, after which Sunshine will look to develop a maiden JORC resource. Given the amount of data already available they are optimistic this will not be a long process. They and Gunsynd are both very keen for Sunshine to achieve a listing in London. Should it happen, we are of the belief this will achieve a particularly good outcome for Gunsynd shareholders with respect to return on investment."