Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Sun Metals Corp. V.SUNM

Sun Metals Corp is an exploration stage company with its principal focus on the exploration of the Stardust Project located in British Columbia, Canada. The company operates in one operating segment namely mineral exploration in Canada.

TSXV:SUNM - Post Discussion

Sun Metals Corp. > The Results May Be Very Significant!
View:
Post by freedom457 on Aug 01, 2019 3:34pm

The Results May Be Very Significant!

While we wait for the results I thought I would take out my calculator and run some preliminary numbers.

Extrapolating from the drill hole data in the July 23rd news release and according to my math, the daughter holes are of significant length. In the news release it stated that they have completed 3672 meters of drilling over 9 holes of which 4 were new pilot holes.

If we assume the pilot holes are similar in length as the discovery hole 421 which was 617 m to the bottom of mineralization, then we deduct 4 holes x approx 600m from 3671 which leaves us 1272 meters. Now divide the 5 remaining directional daughter holes which are offshoots from a pilot hole, and we get an average of 254 meters for each daughter hole.

How much of those daughter holes are mineralized will be key. I would assume 3/4 of each one (190 m) as they will no doubt run some distance into unmineralized rock to ensure they don’t stop too prematurely.

Anyway if this scenario does play our then this could be very good!
Comment by gusto44 on Aug 01, 2019 4:30pm
Speculating is nice but until we see actual results there's no point getting excited. As they say "The proof is in the pudding" or "don't count your chickens until they hatch. On the other hand don't get me wrong I'd love to see $2.00 before Christmas.
Comment by freedom457 on Aug 01, 2019 5:07pm
Gusto44, We actually are all speculating when we buy these types of stocks. Getting excited is part of the fun...anyway I was just trying to shed light on the positive potential that appears to be unfolding before our eyes and also read between the lines as it were with educated extrapolation. If that is offensive to the readers and posters on this forum, I have to say that readers at other stock ...more  
Comment by speculator on Aug 01, 2019 5:31pm
gusto44  there is nothng wrong playing a litte with numbers and dreaming. This is what specultion is all about. I think you owe the guy an apology. 
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities