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Sunrise Energy Metals Ltd SREMF

Sunrise Energy Metals Limited is an Australia-based company engaged in the development of its Sunrise Battery Materials Complex (Sunrise Project) in New South Wales (NSW). The Sunrise Project is a supplier of battery raw materials and aluminum-scandium alloys. It is utilizing its Clean-iX resin technology for extraction and purification of a range of metals and progressing exploration activities at its other mineral tenements. Its Clean-iX Continuous Resin-In-Column is a continuous counter-current process that extracts metals from clarified leach solutions. Its Clean-iX Continuous Resin-In-Pulp is a continuous countercurrent process that directly extracts metals from leached pulps. It is advancing activities across its range of exploration assets in NSW. Its limestone exploration includes Hunters (EL9627), EL8883 Meloola and EL8833 Boona Gap, Gleninga South (EL9598) and Gleninga (EL8882). It also focused on rare earth elements exploration, which includes Minore (EL9031 and EL8961).


OTCQX:SREMF - Post by User

Bullboard Posts
Comment by nihiliston Feb 11, 2013 6:01pm
165 Views
Post# 20971379

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I'm not a pumper and I never criticize anyone for taking profits or cutting losses.  But I'll take a shot.  I haven't been here long, but I spent at least three hours looking this company over before buying in.  It's entering the market as a high cost producer but the price margins are more than adequate.  All medium-term price forecasts are favourable and they have found buyers for the li carbonate.  There is zero geopolitical risk.  They have adequate financing and production is imminent.  There is an overhanging lawsuit but $50 million would hardly be noticeable for a company this size.  Better battery alternatives are years away at best so the market isn't facing any immediate threat.  Li batteries aren't the right battery for all applications, but they are the best present choice for an enormous market.  It's a good investment right now.  Keep your expectations reasonable.

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