Tremendous Opportunity Mark O’Dea, Sunmetals Chairman, was recently interviewed on video by Marin Katusa...and the interview very informative. When asked about the potential at Stardust, Mark said he felt that Sunmetals could end up being a $1.0 Billion company and that they could prove up a deposit of 15,000,000 million tonnes with the rock being worth $600-$700 per tonne.
I felt that was quite a bold statement...and I thought to myself why he would have the confidence to go on record and say this, video record nonetheless?
Then I remembered something that very people are talking about and maybe it’s because they aren’t aware. That is that after making the big discovery in hole 421, John Kaiser reported that Sunmetals hired a company to immediately do a down hole seismic survey. Instead of doing a seismic on the surface and projecting downwards several hundred meters to try and see what’s below the surface as is what is usually done by exploration companies, SUNM went down the hole to the discovery section of hole 421, the source of the high grade mineralization and did a seismic horizontally, in 360 degrees all around the hole. So the bottom line is that they now have a very good idea of the extent of the discovery as the results will have projected our several hundred meters to the north, south, east and west. To support that Steve Robertson, the CEO, stated at the March Metals Investor Forum in Toronto that the discovery was open in all directions.
This seismic survey and the statements about potential value by Mark O’Dea and the discovery being open in all directions by Steve Robertson to me is extremely important and would seem to indicate that as John Kaiser says, SUNM truly has a tiger by the tail. IMO Investors have a tremendous opportunity to do very well even from these current price levels.