Sale of Sunrise?9 May 2021 17:48
In my very humble opinion I think Patrick is working towards the complete sale of Sunrise.
To do this he needs to have an idea of the value of all the projects. Once the Bakers Gold and the concrete trials along with the recent Clayton Silver results are known a true value can be assessed.
I dont think the CS project will be sold independently. The reason being if the CS project was sold giving a share price for arguments sake of say 5p what happens then. There is not enough left in the portfolio to sustain that price and share holders try to sell. But who would pay 5p per share for whats left, I wouldn't.
As for a JV I keep thinking of two previous posts, First, why would an explorer want to get involved in mining with all its problems. Second, why would a miner that was big enough to buy the CS project want an explorer with no mining experience involved.
Either way we are sat on a mine with a 27 year life span and two sought after commodities.