Sun Metals Corp. V.SUNM

Is It Possible?

[freedom457]

The story of one of Canada's richest base metal deposits. Part 2 looks at the high-profile bidding war by major miners for the $4.3 billion Voisey’s Bay nickel deposit of Diamondfields. Interesting point is the Ovoid deposit measured 800m x 350m x 125m...it’s conceivable in my mind that the Stardust discovery could end up measuring something close in size/tonnage as they already have one of the dimensions, namely 100m of massive sulphides in hole 421...and the CRD system has been tracked for over 2,000m...time will soon tell...that being said it’s this type of potential that pulls in much needed resource capital from the sidelines... Read More Here: https://www.visualcapitalist.com/the-story-of-voiseys-bay-the-auction-part-2-of-3/

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[Strathroy50]

A great reminder of the potential here. Do you recall what their number of o/s shares were when they first hit the massive sulphides as compared to SUNM ?

[freedom457]

Strathroy50, I never invested in it but according to my reverse calculations it would appear there were 25-30 million share initially at the time of the Ovoid discovery and after the split it and at the time of the $4.5 billion takeover it appears that there were around 100 million shares were issued in Diamondfields.

[Strathroy50]

Thanks, just a waiting game now. 

[Altacrude222]

Expect it will be a long wait, don't think we will see any news until late August or early September, earlier news could project a picture the wrong way, either way. Drilling 15,000 meters should get us 50 +/- holes, so news on five or ten holes could be misleading, expect they will wait until they can put out news on twenty or more holes. Goldenboy advised that management had mentioned in one

[freedom457]

Altacrude222, your post is not so disguised...it’s clear your motives are to try and sow seeds of doubt. Suggest you take your juvenile act elsewhere as you are not genuine in your motives. Seen a number like you numerous times in the past. The frequency seeing this type of basher will increase as the price of SUNM increases and as the exploration program forges on...best solution is not to

[Altacrude222]

freedom457, my thanks for your reply; anonymous relentlessly pounds our price down every time we get above 50 cents, they don't need my help. Don't know who it is or why, but they are persistent. 25% of my portfolio is in SUNM, at an average price just over 50 cents, so I am the last person to bash this stock, my comments were a realistic reflection of my expectations. Management are keen

[Goaweigh]

AUGUST ???? I can't wait till August, are they batching 10 holes and won't release any until all 10 are assayed ? That's nuts !