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Sun Metals Corp. V.SUNM

Sun Metals Corp is an exploration stage company with its principal focus on the exploration of the Stardust Project located in British Columbia, Canada. The company operates in one operating segment namely mineral exploration in Canada.


TSXV:SUNM - Post by User

Comment by Goldnboy1on Oct 02, 2019 6:16pm
139 Views
Post# 30189654

RE:some thoughts.....

RE:some thoughts.....The project visitors all had to sign full non disclosures. Aka they could see drill sites or drill amounts (3??) at the time of their visit. It would also restrict them from public discussion of what they saw in the core shack or were told by McGaw. This means no overly specific discussion in their media is allowed on what they saw. 

Furthermore the NDA May preclude them from buying during a certain period of time following the visit. This could explain why the base disappeared and the stock was able to sell off. The visitors cannot return to the bid until results are fully disclosed or IRROC could view their buys as being tipped with insider info. That’s illegal. 

There are complicated legalities of being invited to a site visit during an active program. I am not as impatient as you Ernesto. You do not do a two day tour of “companies and analysts” if you’re embarking on a small discovery. 

Why the mention of “companies” is key, is because large miners often have investment divisions. They make investments in juniors. For trade and long term reasons. Like adding tons or ounces of material.

Teck being an incredibly slueth investor. May have peaked the curiosity of their competitors. Given the gold content of Stardust. Teck may not be the only deep pocket circling our deposit. 

Gold conpanies are about to be very very very cash rich. Eventually this will be viewed as a gold deposit. The value of the gold will far out value the copper in our very near future. 

When the results come, it’s green light for those who visited the site. Could see a pretty irrational horde of buying occur if they have really tapped into more proximal material as was suggested st Beaver Creek and Denver’s gold Show presentations. 

Just sit and wait. The drill bit is going to exceed 421 eventually. When it does our price blows through the .70 level in a matter of days. Company is refusing to go to market for funding. A big indicator they don’t fear the results pending. 


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