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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
Post by blackwood2002on Mar 19, 2014 10:34am
257 Views
Post# 22340538

Future SP possibilities

Future SP possibilitiesIt seems there’s plenty on negative sentiment surrounding the SP in the recent past and many “under water” investors who have lost confidence in mgt, company and market or otherwise. So I thought I’d share a rather simple yet telling analysis of the possibilities if the company realizes its targets. 
 
Li Cost of production 3200/3900 T                  20,000 T/yr (at full production)
Li Price $6,000/T       
 
I Cost of production 27/35kg                              1,400 T/yr (at current production)
I Price $45kg or $40,815/T
 
Li Revenue $120,000,000                                  I Revenue    $ 57,000,000
Li cost         $  78,000,000                                  I cost           $  44,443,000
Gross           $ 42,000,000                                    Gross          $12,557,000
 
Combined Gross $54,698,000
 
@ 254,183,439 shares outstanding = $0.21 EPS @ 14x PE = $3.01 SP
 
This is assuming the prices of Li & I stay at current prices and costs are estimated using the high range number above. The gross amount does not include admin & general operating costs of the company just production costs. Assuming mgt gets to production targets by the end of 2014 then this picture could reflect forward PE 2015. That a pretty nice upside on a conservative estimate. This is all in their presentation of the web site but not broken down to the SP .. Proof is in the pudding as they say! GLTA
            
Bullboard Posts