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).

OTCQX:SREMF - Post by User

Sunrise Energy Metals Ltd

Bullboard Posts

Post by Risktaker7on Sep 26, 2012 8:39pm

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Post# 20418317

Pullback

When you look at all the pullbacks on the chart this is just a normal profit taking after a great run. The support should be at .64 before the next run up.

The demand for Lithium speaks for itself, contract prices have always increased every year for companies like Talison,SQM,Rockwood. The recent tender from SQM this week of 41 million for concessions in Chile speaks for itself. There are alot of juniors with great deposits but most of them are far away from being a operating mine like CLQ. The next closest hard rock one would be NMX which is about a 1 1/2 years away appox. Not much to worry about CLQ unless there is some delays.

Risk

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