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

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Comment by Oregonduckon Apr 04, 2015 1:44pm

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Post# 23597035

RE:A decent gamble

VerifiedUser_295868 wrote: Clearly, there's a coin-tossing element to common shares today. However, given that the debt could be easily flipped by anyone with a decent balance sheet - and the book value has lots of upside - this looks to be good odds. If there's only $25 mill of value retained - given the technical risk of restarting the mine - the stock can get a 25x. Which means if you think there is anything > 4% chance that debt will be reflipped (etc) a rompingly interesting time to jump in.

I'm 3 mm shares.

A binary bet ??? The stock price at $0.006 is telling you that there is 99.994 % chance that this stock will go to zero. Most investors would be better off putting it all on Red in Vegas.

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