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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Comment by ReindeerBreathon Mar 05, 2014 11:04am

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Post# 22282954

RE:RE:RE:RE:not responding

Look at the last financial statement and note that the plant/property assets went up 100 million from 2012 to 2013. While startups do this, it is not a best practice (Deloitte and Touché). It looks like a simple increase to offset the Debit side....increased due to shareholder liability due to dilutions and spending. Why 100 million? Seems arbitrary given that they is no more ion less lithium in the ground. Also, research the 43-whatever and you'll find that many are trying to abolish/refine it due to the fluff factoring (see lawsuit), which every seems to continue to dismiss. Will the assets just continue to rise as debt increases? As Dazed says, we'll see March 24....will be interesting to see how big the asset jump is if they own as much as purported by him. In the ground means speculation...longs can only hope it's accurate.

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