Post by
Goldnboy1 on Apr 28, 2019 5:09am
Why SUNM will be 10x stock to own in 2019 from here!!
Disruptive discovery.
To disrupt the known science of the regional geology with a discovery that should not have been where it was found.
Why will this 10x this year?
See ATAC chart circa 2009 - Stock runs from .15 to $9.50 or so at its peak.
What happened?
ATC.v made a discovery of what they thought was the second coming of the Carlin Trend.
The stock went into a frenzy. Now obviously. ATC failed. They were unable to produce more than typical near surface open pit deposits that just didn’t have the size of the big cats in the Carlin trend. Have they found the next Carlin trend? Maybe? But have they found the crown jewel in that possible trend. Not yet by the markets indication.
Fast forward to today. SUNM has just one hole. So it’s hard to project size. Do we have a kitten or a lion? TBD.
With just one hole and one major strike to our credit. One has to imagine. Are we the luckiest drillers in the world, or did we hit a practically unmissable target?
The CRD belt in Mexico we’ve received initial comparisons to has produced over 7 Billion+ ounces of silver historically with several billion still in reserve today waiting to be mined. A currency value of the amounts mined is roughly 140 Billion CAD. The Carlin trend that ATAC was compared to has produced roughly 100 million ounces of gold. At a modern post mining value of about 180billion CAD.
It’s been a while since one of these discoveries has panned. I see stardust being that one in 25 year opportunity. Like Diamond Fields, Fronteer Gold or Auruelian resources
What do we currently know for our current resource equation?
______m x ______m x 100m x 3.5 =
What do we know about the Skarn in the phyllite locked limestones? We know it covers an area that is approximately 500m long and 200m wide. But averages just 4m deep. Limiting tonnage to just 1-2 million tons.
If we were to put this this resource outline into our hole 421 depth calculator. The result is this.
500m x 200m x 100m x 3.5 = 35,000,000 Tons of ore.
If we are averaging 7% Cu eq that’s about $600/ton rock CAD.
That’s 21 billion. Due to existing infrastructure and proximity to labour and lodging services etc. Mine build would be very cheap relative to golden triangle oeers. Like really cheap.
There is a chance we could get 10-15 cents on the dollar for the reserve amounts. So 2.1 to 3.15 billion in take out value. If we have 180 mil fully diluted by time we finish development. That’s a takeout price for $11.66 - $17.50 a share.
Otherwise know as 23x - 35x return from .50 a share.
If the intrusive at depth is like an iceberg and the size of the orebody is larger than the near surface deposit. Well then we won’t be compared to any deposit ever found. We will be writing history as we enlarge the deposit in size.
How big? Well im not gonna give you those calculations. You’ll just have to dream! But someone’s gotta find the best ever right? Might as well be us!
Thats the potential here. Very very real shot of knowing how special this has potential to be in just a few weeks from now!
With the AGM completed. I have a feeling next week will be a very fun week of trading!! Stay tuned!!
Comment by
yixter on Apr 28, 2019 12:50pm
Definitely one of if not the most exciting drill plays out there. My bet is 421 is the first of many monster holes to be reported over the next few months. Drilling starts soon all eyes will be on this stock.
Comment by
hornets on Apr 30, 2019 12:13pm
Nice summary GoldnBoy... dare to dream
Comment by
hornets on Apr 30, 2019 2:30pm
One correction goldnboy - 5% CuEq not 7%
Comment by
Goldnboy1 on Apr 30, 2019 4:01pm
Sorry!! Typo!! Distal to the core! Not proximal to the core! When we get into tge proximal zone. Bye bye Garnet. Hello more copper sulphides enriched in gold. My geology is just fine. Tap that ask Lockyer... Tap it!!
Comment by
HansonLockyer on Apr 30, 2019 2:48pm
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