Sunrise Energy Metals Ltd SREMF

Metals & Mining Industrial Metals & Minerals

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).

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Sunrise Energy Metals Ltd

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Post by Risktaker7on Dec 04, 2010 8:22pm

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Post# 17801796

Market Cap

I really cant see CLQ trading in the $5 range for a very long time,that would mean its worth almost a billion dollars.. Their current market cap is 200 million and they need to raise about 125 million for the mine,plus a cost overrun loan, and money to operate for the next year or two. They will issue alot more shares which will fund a portion of the mine costs, plus the rest will be debt. I think there is upside to the stock yet but it will be in the $1.50 to $2.50 range before we start mining thats depending on how much dilution.

Risktaker7

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