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Bullboard - Stock Discussion Forum 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 Discussion

Sun Metals Corp. > Problem is:
View:
Post by Porksausage on Nov 06, 2018 2:15pm

Problem is:

There has been 70 yrs of drilling and exploring on this property. Over 390 holes drilled. And what is happening? They are drilling more holes. And more holes . And exploring. And drilling. 70 yrs from now they will be drilling. And exploring . And they will have over 900 holes. And the Corporate people that have come and gone as well as the ones to come , will pull fat salaries out of investment monies put in by sheep. Sorry. I mean shareholders. There is NO accountability it seems. Just a press release every once in a while keeps their paycheques rolling. There are many examples of these " Jr. Exploration companies" . Often the CEO will sit as a chairman, director or even CEO of multiple " Exploration" companies. It's a great way to make a pile of dough.
Comment by Goaweigh on Nov 06, 2018 2:40pm
But here you are anyway. Thing is that every once in awhile one of these Co.'s get's lucky or maybe by accident, drills into something completely unexpected and POW we are all living like Jed Clampett. I'm sure you mean well but I've already made big plans with the proceeds of my $10 per share win so please don't burst my bubble. Thanks Porky  
Comment by gamer88 on Nov 06, 2018 5:32pm
This post has been removed in accordance with Community Policy
Comment by Goldnboy1 on Nov 07, 2018 1:17am
Odds are. Once the churning period of a percentage of these shares is complete. Share price could move very very fast as a result of the strong volume.  Based on my volume calculations. The selling should disappear any day now. The fact this has sustained these levels  in light of this exiting party is a testament to the strength of our discovery so far.  When the second half of ...more  
Comment by Goaweigh on Nov 07, 2018 9:53am
Yes there's nothing like a good discovery to make a float of stock completely irrelevant. What's ours like 40 Million maybe ? What would we buy if there wasn't any float ? Anyway I love your analogy to the Bigham Caynon mine, if you had to pick one that's as good as it gets. But where did you here that , from someone in management, a Geo friend maybe ?  Thanks  
Comment by Goldnboy1 on Nov 07, 2018 12:23pm
The presentation compares the Kennecott Mine (Brigham Canyon) to the Stardust Property.  The chart linking the two can be found on page 12 of the presentation.  It is my assumption the company would continue to attempt to draw links between these two deposits. 
Comment by Goaweigh on Nov 07, 2018 1:13pm
Yes I see it now. I guess the similiarity is both are more polymetalic than the others.  Why not continue to draw links between them, we are in the dreaming business afterall ! Now where is that assay ! 
Comment by lilbugger on Nov 08, 2018 10:36am
Next set of assays is probably not going to be too good.  It's not like they drill a hole, send for assays and then pick the spot for the next drill hole. If we're lucky, the next set of results will have one or two holes will be within the target but i wouldnt bet the farm on that. Likely early next summer will have drill results that follow up on that spectacular result. Patience is ...more  
Comment by Goldnboy1 on Nov 08, 2018 11:39pm
Nice soft bash.  The lower interval contains “Massive sulphides”. Including visible copper in several places. They just don’t have a million photos showing that off. Grades will speak for themselves. The bottom of hole 421 will be far from a duster. You had to watch the videos to hear about the visible copper. FYI. That was not in the NR.  Depending on those gold grades this hole could ...more