Sunridge Gold - Explorer in Eritrea
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videomart : Sunridge Gold - Explorer in Eritrea
NI 43-101 Lagerstätten fördern, und die Ressourcen auf mehrere Prioritäts-Ziele auf dem Asmara Projekt (Eritrea) erhöhen. Nach einer kürzlichen Privatplatzierung und Explorationsabkommen mit Antofagasta Minerals SA, ist Sunridge gut finanziert, um ihre 100%igen Lagerstätten zu entwickeln. Gleichzeitig arbeiten Antofagasta und Sunridge zusammen, um andere Ziele mit dem Potenzial für grosse Entdeckungen zu bohren. Mit erheblichen Liegenschaften und dem Potenzial für mehr ist Sunridge ein junges Unternehmen, welches zu beobachten wert ist.
Sunridge Gold has been exploring for VMS base and precious metal deposits in Eritrea since 2003 and has successfully defined 4 deposits on the Asmara Project located outside of Asmara which contain significant amounts of copper, zinc, gold, and silver. A Feasibility study is currently examining an integrated mining operation on all 4 deposits and is on schedule for completion in Q2 2013.
The Feasibility Study is a continuation of a prefeasibility study (PFS) completed in May 2012 which considered an integrated mining operation for all 4 deposits with a central mill located at the large Emba Derho Deposit. The Prefeasibility Study demonstrates very robust economics, with the Net Present Value (NPV) of the project was shown to be $555 million dollars with a 10% discount applied ($1.642 Billion NPV with zero discount) and the Internal rate of return (IRR) is 27%.
The integrated mining operation outlined in the PFS details a processing facility at Emba Derho that processes ore from open pit mines at Emba Derho, Debarwa, and Gupo and an underground mine at Adi Nefas.
The current Feasibly Study will differ from PFS as it is considering a staged start up beginning with the mining and direct shipping of 116,000 tonnes of high-grade copper material averaging 16% copper, 3.0 g/t gold, and 77 g/t silver from the DSO Zone at Debarwa. This will enable the project to be in production earlier and will generate early cash flow and reduce initial capital costs.
Also in the staged start up mining plan, a heap leach operation will process the gold from the gold caps early in the mine life and a floatation plant will begin by processing the supergene copper material.
Full production will begin in the 3rd year of operation and will process 4 million tonnes of material per annum. Annual production will average 57.3 million lbs. (26,000 tonnes) copper, 143.2 million lbs. (65,000 tonnes) zinc, 24,000 oz gold, 787,000 oz silver over 13 years of full production.
Total metal production over the life of the mine is 804 million pounds (365,000 tonnes) of copper, 1.789 million pounds (812,000 tonnes) of zinc, 415,000 ounces of gold, and 11 million ounces of silver. Sunridge has now begun a Feasibility Study and is expected to complete in Q1 2013.
Sunridge also continues to explore new targets. Encouraging results from recent drilling at Adi Rassi support Sunridge management's belief that Adi Rassi is a new large copper-gold discovery that has the potential to become Sunridge's fifth deposit on the Asmara Project.
Sunridge is operated by an entrepreneurial team with a proven record of discovery, exploration and development success with companies such as Nevsun Resources Ltd. and Bema Gold Corp.
SUNRIDGE GOLD HIGHLIGHTS
Asmara Project Hosts $8.5bn of in-situ Gold, Copper, Zinc, and Silver – Sunridge Gold has successfully defined four independently estimated 43-101 mineral deposits on the Asmara Project in Eritrea, Africa, with indicated resources of 1.28b Cu lbs, 2.5b zinc lbs, 1.05m gold oz, and 31.2m silver oz.
Advancing 100%-owned Emba Derho and Derbarwa Gold-Copper-Zinc VMS Deposits, the company"s two largest deposits. Emba Derho contains Indicated Resources of 62.5 m/t containing 990m lbs Cu, 1.9 billion lbs Zn, 580,000oz. gold and 20.8m oz Ag. Derbarwa is a Supergene copper zone with 1.3m tonnes of 5.36% Cu, 1.54 g/t Au, and 33.87 g/t Ag – containing 158m pounds of Cu in the Indicated category.
Excellent Infrastructure: Grid Power, Water, Roads and Rail – Emba Derho and Debarwa are located 15 and 25km, respectively, from Asmara, the capital city of Eritrea, where the infrastructure is excellent.
Largest Shareholders: Strategic Partner, Antofagasta Minerals, Lundin Mining – Sunridge has a strategic partnership with London-based mining conglomerate Antofagasta Minerals in which Antofagasta has agreed to fund $10 million in exploration work and has become Sunridge"s largest shareholder.
US Global Investors, Inc. (Asset Management) 6.60m 3,77%
Enso Capital Management LLC 6.26m 3,57%
BlackRock Advisors LLC 5.55m 3,17%
BlackRock Investment Management (UK) Ltd. 4.44m 2,54%
Vertex One Asset Management, Inc. 4.04m 2,31%
Stefan Ioannou (Haywood Securities) über Sunridge Gold:
(aus einem Interview mit "The Gold Report" vom 2.Januar 2013)
Stefan Ioannou: People are not familiar with Eritrea, and red flags typically go up when anything related to Northeast Africa is mentioned. Nevsun was basically the first publicly traded company to get into Eritrea. It made the Bisha discovery and over 10 years, took it through exploration, permitting, development, construction and into production. Along the way skeptics pointed to the risk of the government taking more than its fair share of the project.
I give the Eritrean government a lot of credit. It has been very pragmatic. The government recognized early on that it had to work with foreign investment to make a mining industry a reality, and not just with Nevsun. The last time I checked there were about 15 exploration companies active in Eritrea. I have been to Eritrea twice now and had very good experiences both times. The common sentiment among visitors is that it was safer than they expected.
Sunridge Gold Corp. (SGC:TSX.V) is also active in Eritrea, as is Chalice Gold Mines Ltd. (CXN:TSX; CHN:ASX). The latter is exploring for VMS deposits along the same belt that hosts Bisha, and recently announced a discovery.
The Gold Report: Sunridge just published a resource estimate for its Adi Rassi discovery. Given the size and scope of the deposit and Sunridge's lack of cash, could this be a takeover target?
Stefan Ioannou: I think the Eritrean government would like to see more than one foreign player developing the mining industry in Eritrea.
With respect to takeover potential, I think the completion of a feasibility study, expected in Q2/13, on the company's Asmara project will be key. The feasibility study will not include Adi Rassi. It is based on four other projects, the Emba Derho, Debarwa and Adi Nefas copper-zinc-gold and silver deposits and the Gupo gold deposit. That said, Adi Rassi is located near Debarwa and could ultimately develop into the Asmara project's fifth deposit.
Also important for Sunridge is the Eritrean government's intention to buy upwards of a 30% interest in the project, similar to what it did with Nevsun at Bisha. The price still needs to be determined. That may happen before the feasibility comes out or the government may use the feasibility study as the basis of the valuation.
The government paid fair value to Nevsun and we expect the same to happen with Sunridge. Once the government does that, it will signal a vote of confidence to the investment community that things are moving in the right direction.
The feasibility study, of course, will give us a better handle on the project's economics and what it should be worth. The big questions include what it will cost to build it, how much money Sunridge will have to raise, and what that means from a dilution point of view.
Sunridge Gold moves as "Rapidly" as it can towards Production
December 7th, 2012 TesfaNews
By Stock Tube
Michael Hopley, President and CEO of Sunridge Gold (CVE:SGC) explains that the company, with money in the bank for the feasibility study, has a lot of copper and precious metals on the project and now hopes to be in production earlier than initially indicated. Michael also says that investors should look to exploration results next year.
Wednesday Jan 16, 2013
Sunridge Gold Provides 2013 Outlook On The Asmara Project, Eritrea And Corporate Activity
Sunridge Gold Corp. (the "Company" or "Sunridge") (SGC:TSX.V/SGCNF.OTCQX) is pleased to provide an outlook on the Company's planned activities for 2013. The Company's primary focus for early 2013 is to complete the feasibility study (the "Study") and apply for a mining license on the four mineral deposits that make up the Asmara Project in Eritrea. The Company also plans to continue exploration work on its fifth deposit the Adi Rassi copper-gold deposit where initial resources were announced on December 4, 2012 as well as to conduct exploration work on additional targets on the Asmara Project.
Friday Jan 18, 2013
Sunridge Gold Files Technical Report For Adi Rassi Resource
Sunridge Gold Corp. (the "Company" or "Sunridge") (SGC:TSX.V/SGCNF.OTCQX) ) has filed a National Instrument 43-101 compliant technical report regarding the initial resource estimate for the Adi Rassi copper-gold deposit located on the Asmara Project, Eritrea.
As announced on December 4, 2012, the highlights of the estimate were:
- Inferred Mineral Resource of 15.77 million tonnes with an average grade of 0.54% copper and 0.33 g/t gold
- Contained metal = 189,060,000 pounds of copper and 167,000 ounces of gold
- The resources area is open for expansion in most directions
- Less than 10 km from Debarwa deposit and paved road access
- Positive initial metallurgical results
- Further expansion drilling planned in 2013
Adi Rassi is the fifth mineral resource defined by Sunridge on the Asmara Project. A feasibility study is scheduled for completion in April 2013 on the other four deposits (Adi Nefas, Emba Derho, Gupo and Debarwa).
The report is titled "Adi Rassi Deposit" prepared by Fladgate Exploration Consulting Corporation with an effective date of January 18, 2013.
Mr. Michael J. Hopley is the Qualified Person who approved the technical information contained in this news release.
Grandich Client Sunridge Gold
January 21, 2013
videomart : Eric Coffin's recommendation of Sunridge Gold
videomart : Video mit CEO Michael Hopley
March 1st, 2014:
Michael Hopley explains Sunridge Gold's Asmara Gold Project in Eritrea
on the East coast of Africa.
videomart : Sunridge Gold Corp. gewährt Aktienoptionen
Der in Eritrea tätige Basis- und Edelmetallexplorer Sunridge Gold Corporation teilte gestern mit, dass den Direktoren, Angestellten und Beratern des Unternehmens Anreiz-Aktienoptionen gewährt wurden, die zum Erwerb von insgesamt 5,3 Mio. Aktien berechtigen.
Ausübbar sind diese über einen Zeitraum von fünf Jahren zu einem Preis von 0,26 $ je Aktie. Dabei handelt es sich um den letzten Schlusspreis der Aktie vor Gewährung der Optionen.
videomart : "Grandich Observation"
"Sunridge Gold – As noted last week, I’ve become a compensated consultant to SGC. I don’t anticipate this being a very long assignment.
With the most recent private placement becoming free trading late last month and a sharp pullback in the copper price of late, it’s quite understandable to see SGC trade where it has been. I suspect the next significant news shall be the shareholder agreement being concluded between them and ENAMCO. I really can’t say anything more given my position now, but feel all that has been said in recent month’s remains 100% constant. I can say strictly on my own that SGC is a prime takeover target and providing there’s no big reversal in metals prices or an unforeseen economic and/or political negative that directly impacts the company, I’d be very shocked and seriously disappointed that I still own my shares come 2015 and nothing had taken place on the M & A side."
videomart : Sunridge Gold Increases Post-Tax Value...
Thu Mar 27, 2014 7:00am EDT
videomart : Sunridge Gold Presentation April 2014
videomart : SGCs Asmara project sees interest from the Chinese
Wed 1:25 pm by Deborah Bacal
"With the large amount of copper, zinc and precious metals that we have defined to date on the Asmara project it’s a fairly obvious thing to say that Asian companies, but particularly Chinese companies, have shown a lot of interest."
videomart : Top management get double their salary in a buyout
April 09, 2014 - 08:10 PM
"Top management get double their yearly salary in a buyout...
Exactly double. In other words, if they sell this summer it would essentially be like if they worked and received their salaries through the summer of 2016. Plus compensation for their options.
2013 Salaries and Change of Control Payment
Michael Hopley - $250,000 salary with a change of contol payment of $500,000
Scott Ansell - $230,000 salary with a change of control payment of $460,000
Greg Davis - $160,000 salary with a change of control payment of $320,000
David Daoud - $220,000 salary with a change of control payment of $440,000
Bulk of their Stock Options
Hopley - 750,000 at $.22 and 600,000 at $.26 or 1,350,000 at an average of $.238
Ansell - 600,000 at $.22 and 500,000 at $.26 or 1,100,000 at an average of $.238
Davis - 600,000 at $.22 and 500,000 at $.26 or 1,100,000 at an average of $.238
Daoud - 600,000 at $.22 (I do not see any at $.26)
They have more options at $.47 and at $.55 but I believe (my personal opinion based solely on where we trade now) that if there is a deal the bulk of management's options gains will come from the $.22 and $.26 priced options.
I got this info from the Dec 2013 management information circular and from Canadian Insider."
videomart : News Release June 27, 2014
"Sunridge Gold Signs Shareholder’s Agreement with ENAMCO For Asmara Copper-Zinc-Gold Project, Eritrea"
videomart : "miningweekly.com" - Artikel
By: Henry Lazenby
27th June 2014
Rellik : .
videomart : @ Rellik
Die Aktie notiert heute exakt auf dem gleichen Wert wie bei Threadbeginn und liegt in der Performance seitdem auf Augenhöhe mit dem Schwergewicht Barrick Gold!
Schau Dir im Vergleich dazu mal die Branchenriesen Newmont und Kinross an und dann meldest Du Dich hier nochmal...
videomart : @ #66
Sunridge liegt sowohl in der Jahresperformance wie auch in der 2-Jahresperformance
eindeutig vor Barrick, Newmont, Kinross und auch Goldcorp.
videomart : Canadian Insider
Jun 25/14 Jun 24/14 Ansell, Scott Direct Ownership Common Shares 10
- Acquisition in the public market 13,500 $0.230
Jun 25/14 Jun 23/14 Ansell, Scott Direct Ownership Common Shares 10
- Acquisition in the public market 8,000 $0.230
Jun 24/14 Jun 19/14 Davis, Gregory Robert Direct Ownership Common Shares 10
- Acquisition in the public market 10,000 $0.205
videomart : Canadian Insider
Jul 7/14 Jul 4/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.235
Jul 7/14 Jul 3/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 7,500 $0.230
Jul 7/14 Jul 3/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 2,500 $0.235
Jul 7/14 Jul 2/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 6,000 $0.240
videomart : Canadian Insider
Sep 3/14 Sep 2/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 1,500 $0.180
Sep 3/14 Sep 2/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 7,500 $0.180
Sep 3/14 Sep 2/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 2,500 $0.185
Sep 3/14 Sep 2/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 3,000 $0.180
Sep 3/14 Sep 2/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 4,000 $0.180
Sep 3/14 Aug 28/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 2,000 $0.190
Sep 3/14 Aug 28/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 22,000 $0.190
Sep 3/14 Aug 28/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 1,000 $0.190
Sep 3/14 Aug 15/14 Davis, Gregory Robert Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.200,
videomart : Expert Comments
The Gold Report Interview with Michael Curran (11/19/15)
"We would have had Sunridge Gold Corp. at the top of the list of companies with assets that could be coveted by larger players, but a Chinese company recently made an offer to buy Sunridge's main asset in Eritrea for just over US$65M. Sunridge has already indicated that it plans to distribute whatever remaining cash it gets after the sale and delist the company." read more >
Gwen Preston, Resource Maven (11/18/15)
"The Sunridge Gold Corp. arbitrage opportunity remains. The Chinese takeover deal is worth roughly CA$0.35/share cash, but the company's shares are available for CA$0.245. The discount represents market hesitation that the deal will actually happen, but I have reason to be pretty confident."
Adrian Day, Global Analyst (11/14/15)
"Further to our discussion on the potential value of the cash distribution from Sunridge Gold Corp.'s sale of its gold-copper mines in Eritrea. . .CA$0.35/share is a realistic estimate for the distribution, though it could be more, allowing meaningful upside from the current stock price."
Brien Lundin, Gold Newsletter (Jefferson Financial) (11/13/15)
"Sunridge Gold Corp. announced that it's accepted an offer for its 60% interest in the Asmara Mining Share Co. in Eritrea. The offer, by a Chinese conglomerate, is for $78.33M (CA$102.4M), which would equate to about CA$0.33/fully diluted share. . .which would imply a 37.5% gain if you bought today and held through the deal's consummation. . .Sunridge is a Buy for what appears to be the likelihood of a nice-sized, quick profit."
Gwen Preston, Resource Maven (11/6/15)
"Sunridge Gold Corp. just got a takeout offer from a Chinese construction company. . .it has offered $78.3M to buy the company's 60% interest in the project. . .the deal is $65M as a purchase price plus $13.3M representing the amount Sunridge is still owed from the Eritrean government. . .if you want to pick up 30%, buy the company right now."
Gwen Preston, Resource Maven (11/6/15)
"Sunridge Gold Corp. just got a takeout offer from a Chinese construction company. The share price moved up immediately on the news, but there remains an opportunity to make some money. . .Sunridge owns the Asmara project in Eritrea. It is a set of very high-grade volcanogenic massive sulfide deposits scattered in a roughly 15km radius of the Eritrean capital city. . .over the last four years, Sunridge updated four resource estimates, negotiated the terms of a buy-in from the Eritrean government, raised $10.8M, completed a feasibility study outlining a low capital cost phased approach to mine development, raised another $6.5M and earned full project permits."
Management Q&A: View From the Top
Sunridge Is Now Good to Go at Its Asmara VMS Project in Eritrea (9/24/15)
It's been a very active decade filled with milestones for Sunridge Gold, and now following the September signing of a comprehensive permitting agreement with its partner, the government of Eritrea, the Canadian junior is now set to begin production in 2016. President and CEO Michael Hopley discusses the riches of his company's copper, gold, zinc and silver deposits and looks forward to becoming as successful as Nevsun has been.
videomart : @ Rellik #65
Na Rellik, warum meldest Du Dich denn gar nicht mehr mit schlauen Sprüchen??
Hier mal ein Performance-Vergleich auf Jahressicht von Sunridge Gold mit den "Großen" der Branche:
Goldcorp, Barrick, Kinross und Newmont:
videomart : Press Release Jan 22, 2016
"Sunridge Receives Shareholder and Warrantholder Approval to Sell Sunridge's 60% Interest in Asmara Mining Share Company and Distribute Proceeds"
Published: Jan 22, 2016 5:04 p.m. ET
videomart : Press Release Feb 23, 2016
February 23, 2016
Vancouver, British Columbia
KEY CHINESE REGULATOR APPROVES SRBM PURCHASE OF SUNRIDGE’S 60%
INTEREST IN ASMARA MINING SHARE COMPANY
Panell : Kapitalerhöhung
ist das eine Kapitalerhöhung, die da gerade den Kurs nach unten drückt ?!
" Kinross Announces US$250 Million Bought Deal Financing "
Panell : UPS
videomart : In eigener Sache
kompletten Erlös bei Barrick Gold eingestiegen.
Erstens ist das ein etwas "sichererer Hafen" als erneut in einen Explorer zu investieren, und zweitens hat das Management von ABX in der Krise seine Hausaufgaben gemacht...
videomart : SGC: "Risks Diminish...
Apr. 28, 2016 3:08 PM ET
FCS1903 : ???
Bin ausbezahlt worden heute.