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 Jan 11, 2011 11:20am

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Post# 17953580

Good news

Everyone knows that dilution was on the way and just be glad its at $1.50 instead of much lower. They need about 150 million for the mine ,plus cost overuns, plus environmental bond, plus operating expenses for the next two years.
I think they will need to raise 125 million in debt finacing to cover all this. If it comes in lower then they will do another PP in the next year where the stock price is much higher.
I see this PP as fast tracking the project because most companies will do a PP to fund their portion of the mine after the main finacing has been announced.

Risktaker7

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?