load up todayi will be buying all i can under 0.20 that i may sell to the lookers over $3.00 one day.
Investment Highlights:
•
Feasibility Study on the Asmara Project [base metal & gold] completed May 2
0
1
3
demonstrating very strong economics; NPV (
1
0%) = $692 million, IRR = 34%
•
Feasibility Study outlined a robust mining plan with a 3 phase staged start-up
with Phase 1 production beginning in 2
0
1
5
•
Phase 1A Direct Shipment Ore (DSO) initial capital costs estimated to be only $30 M
•
Full production to be achieved in 3 years – first 8 years average annual production:
•
65 million lbs. (29,000 t) Copper
•
42,000 oz Gold
•
1
84 million lbs. (83,000 t) Zinc
•
1
million oz Silver
•
Project has government participation from the Eritrean National Mining
Corporation (“ENAMCO”);
ENAMCO is paying Sunridge $
1
8.33 million for the
purchase of 30% of the project
•
ENAMCO is now responsible for 33.33% of all development costs on the Asmara
Project going forward
•
Mining license permitting process now underway
•
Pipeline deposits, Adi Rassi and Kodado, now 5th and 6th resources on the Asmara
Project – significant exploration potential