Sunridge Gold - Explorer in Eritrea
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22.01.13 21:32
#1
videomart
Sunridge Gold - Explorer in Eritrea
Sunridge Gold Corp.(SGC/TSX.V) ist ein junges Entwicklungs-und-Explorationsunternehmen, dass sich auf unedle Metalle und Edelmetalle konzentriert. Das Unternehmen möchte vier
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
Company Overview
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.
http://www.sunridgegold.com/s/Home.asp
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.
http://www.goldalert.com/sunridge-gold/
Institutional Shareholders
Top Holders
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%
http://markets.ft.com/research/Markets/Tearsheets/...rofile?s=SGC:CVE
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.
http://www.theaureport.com/pub/na/14898
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.
http://www.tesfanews.net/archives/10407
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.
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=565812
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.
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=566600
Grandich Client Sunridge Gold
January 21, 2013
http://www.grandich.com/2013/01/grandich-client-sunridge-gold-2/
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
Company Overview
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.
http://www.sunridgegold.com/s/Home.asp
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.
http://www.goldalert.com/sunridge-gold/
Institutional Shareholders
Top Holders
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%
http://markets.ft.com/research/Markets/Tearsheets/...rofile?s=SGC:CVE
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.
http://www.theaureport.com/pub/na/14898
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.
http://www.tesfanews.net/archives/10407
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.
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=565812
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.
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=566600
Grandich Client Sunridge Gold
January 21, 2013
http://www.grandich.com/2013/01/grandich-client-sunridge-gold-2/
22.01.13 21:40
#2
videomart
Peter Grandich über Sunrich Gold
January 21, 2013
http://www.grandich.com/2013/01/grandich-client-sunridge-gold-2/
http://www.grandich.com/2013/01/grandich-client-sunridge-gold-2/
22.01.13 21:45
#3
videomart
Aktuelle Stellungnahme von Michael Hopley...
...zu einem REUTERS-Artikel, der den Aktienkurs von SGC gestern um fast 30% herunterriss:
http://www.reuters.com/article/2013/01/21/...ge-idUSBRE90K0J320130121
Mon Jan 21, 2013
Sunridge Gold Provides Update on Eritrea
Sunridge Gold Corp. (the "Company" or "Sunridge") (SGC:TSX.V/SGCNF:OTCQX) ) is aware of reports by Reuters and other international news agencies of dissident soldiers taking-over the ministry of information building in the capital city of Asmara, Eritrea. Information from the Company's in-country staff is that Asmara is calm and these events have had no effect on Sunridge's ongoing engineering studies and drilling operations in the country.
SUNRIDGE GOLD CORP.
"Michael Hopley"
Michael Hopley, President and Chief Executive Officer
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=566916
http://www.reuters.com/article/2013/01/21/...ge-idUSBRE90K0J320130121
Mon Jan 21, 2013
Sunridge Gold Provides Update on Eritrea
Sunridge Gold Corp. (the "Company" or "Sunridge") (SGC:TSX.V/SGCNF:OTCQX) ) is aware of reports by Reuters and other international news agencies of dissident soldiers taking-over the ministry of information building in the capital city of Asmara, Eritrea. Information from the Company's in-country staff is that Asmara is calm and these events have had no effect on Sunridge's ongoing engineering studies and drilling operations in the country.
SUNRIDGE GOLD CORP.
"Michael Hopley"
Michael Hopley, President and Chief Executive Officer
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=566916
23.01.13 16:00
#4
videomart
Press Release January 23, 2013
"Sunridge Gold Begins Drilling Gold Cap at Kodadu, Asmara Project, Eritrea"
Wed Jan 23, 2013
Sunridge Gold Corp. (the "Company" or "Sunridge") (SGC:TSX.V/SGCNF:OTCQX) is pleased to announce that a reverse-circulation drill program has commenced on the Kodadu volcanogenic-massive sulphide (VMS) target located on the Company's Asmara Project in Eritrea, East Africa.
The program consisting of approximately 20 drill holes is specifically targeting the oxide gold cap within the upper oxidized zones (known as gossans) of the Kodadu VMS mineral occurrence. The goal of the program is to rapidly define a resource that could be mined as feed to a central gold plant near the large Emba Derho deposit.
"Although Sunridge's main focus has recently been completing the Asmara Project feasibility study and moving the four established deposits on the Asmara Project toward production, it is important to realize that the area remains highly prospective for new gold and base metal deposits" states Michael Hopley, Sunridge's President and CEO.
The Kodadu VMS target is located approximately 25 kilometres south of the Emba Derho copper-zinc-gold-silver deposit. Several gossans trend north-northeast for over a 1.2 kilometre strike length with an average width of 10 metres and about 35 metres deep. A recent (2009) Sunridge trenching program in which 87 samples were taken, returned 28 gold values of over 0.2g/t and the best values were 10.67g/t over 14.7m, 2.3g/t over 8m and 1.79 g/t over 13.3m.
Gold mineralization that has been identified in a one kilometre shear zone running parallel and about 100 metres west of the Kodadu gossans will also be drill tested. Geological mapping has shown the zone to be approximately 30 metres wide and historic gold values from trenches sampled by a previous operator are reported as 3.85g/t over 50m; 2.05g/t over 50m; and 11.87g/t over 8m.
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=567200
Wed Jan 23, 2013
Sunridge Gold Corp. (the "Company" or "Sunridge") (SGC:TSX.V/SGCNF:OTCQX) is pleased to announce that a reverse-circulation drill program has commenced on the Kodadu volcanogenic-massive sulphide (VMS) target located on the Company's Asmara Project in Eritrea, East Africa.
The program consisting of approximately 20 drill holes is specifically targeting the oxide gold cap within the upper oxidized zones (known as gossans) of the Kodadu VMS mineral occurrence. The goal of the program is to rapidly define a resource that could be mined as feed to a central gold plant near the large Emba Derho deposit.
"Although Sunridge's main focus has recently been completing the Asmara Project feasibility study and moving the four established deposits on the Asmara Project toward production, it is important to realize that the area remains highly prospective for new gold and base metal deposits" states Michael Hopley, Sunridge's President and CEO.
The Kodadu VMS target is located approximately 25 kilometres south of the Emba Derho copper-zinc-gold-silver deposit. Several gossans trend north-northeast for over a 1.2 kilometre strike length with an average width of 10 metres and about 35 metres deep. A recent (2009) Sunridge trenching program in which 87 samples were taken, returned 28 gold values of over 0.2g/t and the best values were 10.67g/t over 14.7m, 2.3g/t over 8m and 1.79 g/t over 13.3m.
Gold mineralization that has been identified in a one kilometre shear zone running parallel and about 100 metres west of the Kodadu gossans will also be drill tested. Geological mapping has shown the zone to be approximately 30 metres wide and historic gold values from trenches sampled by a previous operator are reported as 3.85g/t over 50m; 2.05g/t over 50m; and 11.87g/t over 8m.
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=567200
23.01.13 19:15
#5
videomart
Ein aktueller Kommentar zu den News von P.Grandich
"Grandich Client Sunridge Gold"
January 23, 2013
http://www.grandich.com/2013/01/grandich-client-sunridge-gold-3/
January 23, 2013
http://www.grandich.com/2013/01/grandich-client-sunridge-gold-3/
25.01.13 16:45
#6
videomart
"Eritrea 2013: Year of Sunridge Gold"
January 17th, 2013 TesfaNews
http://www.tesfanews.net/archives/11425
http://www.tesfanews.net/archives/11425
27.01.13 15:55
#7
videomart
Sunridge Gold, Nevsun Resources: Joint Event
"Mining Indaba South Africa"
Title: Mining Indaba South Africa: Sunridge Gold & Nevsun Resources
Location: Cape Town, South Africa
Start Date: 2013-02-04
End Date: 2013-02-07
http://www.capitaleritrea.com/...rica-sunridge-gold-nevsun-resources/
Title: Mining Indaba South Africa: Sunridge Gold & Nevsun Resources
Location: Cape Town, South Africa
Start Date: 2013-02-04
End Date: 2013-02-07
http://www.capitaleritrea.com/...rica-sunridge-gold-nevsun-resources/
28.01.13 15:35
#8
videomart
Commencement of Drilling Gold Cap at Kodadu
Sunridge Gold Corp
"Commencement of Drilling Gold Cap at Kodadu, Asmara Project, Eritrea"
24rd January 2013
www.grandich.com/wp-content/uploads/2013/01/...ara-Project-240113.pdf
"Commencement of Drilling Gold Cap at Kodadu, Asmara Project, Eritrea"
24rd January 2013
www.grandich.com/wp-content/uploads/2013/01/...ara-Project-240113.pdf
29.01.13 16:40
#9
videomart
Peter Grandich reports:
29 January 2013
"The spat in Eritrea killed the recent rally but has given high-risk speculators a chance to become a shareholder on a situation that mirrors where Nevsun Resources was four years ago."
Sunridge Gold CEO has given two interviews:
Michael Hopley, January 18, 2013
http://rblcommunications.com/webcasts/SGC18jan2013/SGC18jan2013.html
Michael Hopley, January 24, 2013
http://rblcommunications.com/webcasts/SGC24jan2013/SGC24jan2013.html
http://www.grandich.com/2013/01/...randichsBlog+(The+Grandich+Letter+|+Grandich+Blog)
"The spat in Eritrea killed the recent rally but has given high-risk speculators a chance to become a shareholder on a situation that mirrors where Nevsun Resources was four years ago."
Sunridge Gold CEO has given two interviews:
Michael Hopley, January 18, 2013
http://rblcommunications.com/webcasts/SGC18jan2013/SGC18jan2013.html
Michael Hopley, January 24, 2013
http://rblcommunications.com/webcasts/SGC24jan2013/SGC24jan2013.html
http://www.grandich.com/2013/01/...randichsBlog+(The+Grandich+Letter+|+Grandich+Blog)
30.01.13 22:00
#10
videomart
Sunridge Gold shares rally...
...as investors sit tight for key feasibility study at Asmara
Jan 30, 2013 | 12:12 pm by Deborah Bacal
Sunridge is now working on finishing a final feasibility study, on track for April this year, after which the application for a mining license and permitting will follow, along with the social and environmental impact assessment. Sunridge Gold Corp. (CVE:SGC) (OTCQX:SGCNF) shares popped on Wednesday as investors await a key feasibility study report for its Asmara project in Eritrea next quarter, while the junior gold explorer also works to grow the resource through further drilling.
Shares of Sunridge were up by 3 cents, or more than 12%, to 27.5 cents today. Its stock is up almost 30% so far this year.
Last week, the company started a reverse-circulation drill program at its Kodadu target on Asmara, where the company is also focused on completing a feasibility study on the already four established deposits.
The aim of its work at Kodadu is to quickly define a resource that could potentially be mined as feed to a gold plant at Emba Derho - one of the four established deposits. Kodadu is located around 25 kilometres south of Emba.
As of now, the Asmara project consists of the Emba Derho, Debarwa and Adi Nefas copper-zinc-gold and silver deposits and the Gupo gold deposit - all located within 40 kilometres of the capital city of Asmara.
The results of a preliminary feasibility study in May that considered all four deposits being processed at a central mill showed production of 365,000 tonnes of copper, 812,000 tonnes of zinc, 415,000 ounces of gold and 11 million ounces of silver over a 15.25 year mine life.
The report also estimated a pre-tax net present value of $555 million at a 10 per cent discount rate and an internal rate of return of 27 per cent, with an initial capital cost pegged at $489 million.
Sunridge is now working on finishing a final feasibility study, on track for April this year, after which the application for a mining license and permitting will follow, along with the social and environmental impact assessment.
Late last year, the company also unveiled a maiden resource for the Adi Rassi copper-gold deposit - the fifth deposit defined by the company at Asmara. The junior mineral explorer reported an inferred mineral resource of 15.77 million tonnes at Adi Rassi, with an average grade of 0.54% copper and 0.33 grams per tonne (g/t) gold.
"Although Sunridge's main focus has recently been completing the Asmara Project feasibility study and moving the four established deposits on the Asmara Project toward production, it is important to realize that the area remains highly prospective for new gold and base metal deposits" said president and CEO, Michael Hopley, in a statement earlier this month.
Indeed, the Kodadu volcanogenic-massive sulphide (VMS) target will see a program consisting of around 20 drill holes, specifically aiming for the oxide gold cap within the upper oxidized zones.
The junior explorer said that a 2009 trenching program by the company, in which 87 samples were taken, returned 28 gold values of over 0.2 grams per tonne (g/t), with the best values being 10.67 g/t over 14.7m, 2.3 g/t over 8m and 1.79 g/t over 13.3m.
It added that gold mineralization that has been found running parallel and about 100 metres west of Kodadu will also be drill tested.
Sunridge's upcoming feasibility study will now include early mining of the direct shipping ore (DSO) from Debarwa, and early heap-leaching of the surface gold material from the project, allowing more revenue to be generated earlier.
As a result, cash flow is expected a year earlier than presented in the prefeasibility study, now anticipated in 2015. Initial capital costs are also anticipated to be lower due to the new operating scenarios.
The company is targeting that full production at 4 million tonnes per year would be reached roughly 2 years after the start of mining activities.
http://www.proactiveinvestors.com/companies/news/...asmara-40031.html
Jan 30, 2013 | 12:12 pm by Deborah Bacal
Sunridge is now working on finishing a final feasibility study, on track for April this year, after which the application for a mining license and permitting will follow, along with the social and environmental impact assessment. Sunridge Gold Corp. (CVE:SGC) (OTCQX:SGCNF) shares popped on Wednesday as investors await a key feasibility study report for its Asmara project in Eritrea next quarter, while the junior gold explorer also works to grow the resource through further drilling.
Shares of Sunridge were up by 3 cents, or more than 12%, to 27.5 cents today. Its stock is up almost 30% so far this year.
Last week, the company started a reverse-circulation drill program at its Kodadu target on Asmara, where the company is also focused on completing a feasibility study on the already four established deposits.
The aim of its work at Kodadu is to quickly define a resource that could potentially be mined as feed to a gold plant at Emba Derho - one of the four established deposits. Kodadu is located around 25 kilometres south of Emba.
As of now, the Asmara project consists of the Emba Derho, Debarwa and Adi Nefas copper-zinc-gold and silver deposits and the Gupo gold deposit - all located within 40 kilometres of the capital city of Asmara.
The results of a preliminary feasibility study in May that considered all four deposits being processed at a central mill showed production of 365,000 tonnes of copper, 812,000 tonnes of zinc, 415,000 ounces of gold and 11 million ounces of silver over a 15.25 year mine life.
The report also estimated a pre-tax net present value of $555 million at a 10 per cent discount rate and an internal rate of return of 27 per cent, with an initial capital cost pegged at $489 million.
Sunridge is now working on finishing a final feasibility study, on track for April this year, after which the application for a mining license and permitting will follow, along with the social and environmental impact assessment.
Late last year, the company also unveiled a maiden resource for the Adi Rassi copper-gold deposit - the fifth deposit defined by the company at Asmara. The junior mineral explorer reported an inferred mineral resource of 15.77 million tonnes at Adi Rassi, with an average grade of 0.54% copper and 0.33 grams per tonne (g/t) gold.
"Although Sunridge's main focus has recently been completing the Asmara Project feasibility study and moving the four established deposits on the Asmara Project toward production, it is important to realize that the area remains highly prospective for new gold and base metal deposits" said president and CEO, Michael Hopley, in a statement earlier this month.
Indeed, the Kodadu volcanogenic-massive sulphide (VMS) target will see a program consisting of around 20 drill holes, specifically aiming for the oxide gold cap within the upper oxidized zones.
The junior explorer said that a 2009 trenching program by the company, in which 87 samples were taken, returned 28 gold values of over 0.2 grams per tonne (g/t), with the best values being 10.67 g/t over 14.7m, 2.3 g/t over 8m and 1.79 g/t over 13.3m.
It added that gold mineralization that has been found running parallel and about 100 metres west of Kodadu will also be drill tested.
Sunridge's upcoming feasibility study will now include early mining of the direct shipping ore (DSO) from Debarwa, and early heap-leaching of the surface gold material from the project, allowing more revenue to be generated earlier.
As a result, cash flow is expected a year earlier than presented in the prefeasibility study, now anticipated in 2015. Initial capital costs are also anticipated to be lower due to the new operating scenarios.
The company is targeting that full production at 4 million tonnes per year would be reached roughly 2 years after the start of mining activities.
http://www.proactiveinvestors.com/companies/news/...asmara-40031.html
10.03.13 13:55
#11
videomart
Press Release Thursday Mar 7, 2013
"Sunridge Gold Drills 51 Metres of 1.71 g/t Gold at Kodadu Target, Asmara Project, Eritrea"
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=575255
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=575255
10.03.13 14:00
#12
videomart
"proactiveinvestors" - Artikel:
"Sunridge Gold's Kodadu drill program proves successful for start of initial resource work"
Friday, March 08, 2013 by Deborah Bacal
http://www.proactiveinvestors.com.au/companies/...rce-work-40547.html
Friday, March 08, 2013 by Deborah Bacal
http://www.proactiveinvestors.com.au/companies/...rce-work-40547.html
10.03.13 14:05
#13
videomart
"Sunridge Gold's Kodadu work has potential...
"...to add value to Asmara project, says broker"
Saturday, March 09, 2013 by Deborah Bacal
http://www.proactiveinvestors.com.au/companies/...s-broker-40608.html
Saturday, March 09, 2013 by Deborah Bacal
http://www.proactiveinvestors.com.au/companies/...s-broker-40608.html
23.05.13 16:50
#14
videomart
News Thursday, May 23, 2013
"Sunridge Gold Completes Initial Resource Estimate for Near Surface Gold on Kodadu Target, Asmara Project, Eritrea"
Sunridge Gold Corp. ("Sunridge" or the "Company") (TSX.V:SGC; OTCQX:SGCNF) reports that it has completed an initial independent NI43-101 and JORC compliant mineral resource estimate for the near surface oxide gold cap (gossan), which is part of the Kodadu volcanogenic-massive-sulphide ("VMS") target, located on the Asmara project, Eritrea.
HIGHLIGHTS:
•Inferred Mineral Resource of 990,000 tonnes with an average grade of 1.24 g/t gold & 1.6 g/t silver
•Contained metal = 39,000 ounces of gold & 51,000 ounces of silver in the near surface oxide
•Less than 25 km from planned central operating facility near the Emba Derho deposit
•Initial metallurgical results show gold can be recovered by heap-leaching
•The resources area is open for expansion
•Further expansion drilling planned in 2013
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=585347
Sunridge Gold Corp. ("Sunridge" or the "Company") (TSX.V:SGC; OTCQX:SGCNF) reports that it has completed an initial independent NI43-101 and JORC compliant mineral resource estimate for the near surface oxide gold cap (gossan), which is part of the Kodadu volcanogenic-massive-sulphide ("VMS") target, located on the Asmara project, Eritrea.
HIGHLIGHTS:
•Inferred Mineral Resource of 990,000 tonnes with an average grade of 1.24 g/t gold & 1.6 g/t silver
•Contained metal = 39,000 ounces of gold & 51,000 ounces of silver in the near surface oxide
•Less than 25 km from planned central operating facility near the Emba Derho deposit
•Initial metallurgical results show gold can be recovered by heap-leaching
•The resources area is open for expansion
•Further expansion drilling planned in 2013
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=585347
11.07.13 16:10
#15
videomart
"Proactiveinvestors"- Artikel
Sunridge Gold's path to production shines as potential partners circle
Thursday, July 11, 2013 by Deborah Bacal
http://www.proactiveinvestors.com.au/companies/...s-circle-45432.html
Thursday, July 11, 2013 by Deborah Bacal
http://www.proactiveinvestors.com.au/companies/...s-circle-45432.html
11.07.13 16:30
#16
videomart
Grandich Client Sunridge Gold
posted on July 11, 2013 at 8:21 AM
Peter Grandich:
"Please note – I’ve sold portions of other holdings in order to almost double my position in SGC. It has become among my holdings the most out of whack share price versus value of their projects. I simply can’t imagine how they can ‘t become a target of one or more companies at these levels given how advanced their projects now are and the incredible value of the metals within them."
http://www.grandich.com/2013/07/grandic
Peter Grandich:
"Please note – I’ve sold portions of other holdings in order to almost double my position in SGC. It has become among my holdings the most out of whack share price versus value of their projects. I simply can’t imagine how they can ‘t become a target of one or more companies at these levels given how advanced their projects now are and the incredible value of the metals within them."
http://www.grandich.com/2013/07/grandic
11.07.13 16:37
#17
videomart
Gepostet vor zwei Stunden
http://www.grandich.com/2013/07/grandich-client-sunridge-gold-16/
11.07.13 17:01
#18
videomart
Grandich
Sunridge Gold – I’ve just about doubled my position in SGC, including biding for 500K shares this morning. My thinking may be only logical to me but when I look at what’s left of my portfolio (its about 75% less than two years ago) and I say what company remains that has the most assets in the ground and selling for the least, its SGC hands down. So like a gambler who’s getting killed at a crap table (been there, done that), I’ve decided to press but will be killed if the man yells “seven-out”!
http://www.grandich.com/2013/07/grandich-list-of-clients/
http://www.grandich.com/2013/07/grandich-list-of-clients/
16.07.13 15:55
#19
videomart
Grandich hat am Montag erneut nachgekauft
http://www.grandich.com/2013/07/things-51/
16.07.13 16:50
#20
videomart
"If I Could Only Buy One"
This entry was posted on July 16, 2013 at 7:59 AM
http://www.grandich.com/2013/07/if-i-could-only-buy-one/
http://www.grandich.com/2013/07/if-i-could-only-buy-one/
24.07.13 00:55
#21
videomart
Grandich Client Sunridge Gold
posted on July 23, 2013 at 9:27 AM
"I believe Sunridge Gold is a major takeover target. I think we’re going to see many companies who have been hiding in the weeds come out now that the coast appears clear in gold and the worse over in the brutal junior resource bear market. SGC is a very attractive play that can be a near term producer with enormous upside potential. I control nearly 5 million shares.
Getting above $.20 is bullish and in this environment hard to not believe it can pop to key resistance at $.30. A buyer of the company could pay $.50 -$1 and not be close to overpaying.
http://www.grandich.com/wp-content/uploads/2013/07/sc.png
http://www.grandich.com/2013/07/grandich-client-sunridge-gold-17/
"I believe Sunridge Gold is a major takeover target. I think we’re going to see many companies who have been hiding in the weeds come out now that the coast appears clear in gold and the worse over in the brutal junior resource bear market. SGC is a very attractive play that can be a near term producer with enormous upside potential. I control nearly 5 million shares.
Getting above $.20 is bullish and in this environment hard to not believe it can pop to key resistance at $.30. A buyer of the company could pay $.50 -$1 and not be close to overpaying.
http://www.grandich.com/wp-content/uploads/2013/07/sc.png
http://www.grandich.com/2013/07/grandich-client-sunridge-gold-17/
24.07.13 17:50
#22
videomart
"Gold - I Never Have Been More Bullish!"
posted on July 24, 2013 at 10:47 AM
http://www.grandich.com/2013/07/gold-i-never-have-been-more-bullish/
http://www.grandich.com/2013/07/gold-i-never-have-been-more-bullish/
02.08.13 18:15
#23
videomart
Lawrence Roulston's Resource Opportunities
July 2013-2
Company Update
Sunridge Gold
(SGC-TSXV)
Sunridge, with a feasibility study completed
on its Asmara project in Eritrea,
is now working toward securing financing
for mine development and
obtaining the permits needed to develop
and operate the mine. They are
making good progress on both fronts.
Most of the studies have been completed
in support of the mining license
application. Formal submission is expected
imminently. The government is
anxious to see the project move forward
quickly, meaning that the mining
license application will be handled
expeditiously and is not expected to
delay project development.
The state-owned Eritrea National Mining
Corporation (ENAMCO) last July
agreed to acquire a 30% paid participating
interest in the project. Negotiations
are continuing with regard to setting
a purchase price, which will be on
commercial terms.
ENAMCO will then contribute 33 percent
of the capital expenditures as incurred.
The government also holds a
10 percent carried interest, which will
apply to the interest of both parties.
Financing efforts are being coordinated
by a financial group with considerable
success in arranging financing
for mining projects. In support of the
financing efforts, a leading independent
engineering firm is presently reviewing
the feasibility study on behalf
of potential lenders. There is a high
level of interest from lenders, recognizing
the very favorable economics of
this project and the success enjoyed by
Nevsun (NSU-TSX) in developing and
operating their Bisha mine in Eritrea.
The Asmara feasibility study contemplates
a three phase development plan.
The first phase will be to mine the
116,000 tonnes of high-grade ore
(15.6% copper, 3 g/t gold and 77 g/t
silver) which will be direct shipped to
a smelter. Mining that direct shipping
ore (DSO) will span about six months
and produce more than $100 million of
revenue, with only modest operating
expense. The capital expense incurred
in the DSO will be directly applicable
to the main project.
At the same time as mining the DSO,
mining of the gold oxide “caps” overlying
three of the base metal deposits
will begin, with the gold recovered by
heap leaching, producing five years of
cash flows, again with modest capital
expenditures and operating costs.
While mining the DSO and the gold
caps, the company would develop the
main ore bodies and construct the
processing facility. Production for the
first 1.25 years would come from an
enriched “supergene” zone, generating
high levels of cash flow early in the
mine life. Mining would be a combination
of open pit and underground, using
conventional flotation recovery.
The capital requirements, net of the
cash flow from the DSO ore and the
gold heap leach, would be about $350
million.
The Asmara projects is well located
for mine development, as it is less than
an hour drive from the main city in
Eritrea and only a couple of hours
from the port. The project has good
grades, it is easy to mine and it has
favorable metallurgy. The government
is highly supportive of mining, as
demonstrated by the success of the
Nevsun project.
North American investors may have
concerns about investing in Eritrea,
but that concern is misplaced. Nevsun
successfully developed and is profitably
operating its Bisha mine, which
involved participation of international
financial firms.
There are many mining companies that
would very much like to develop this
project. The biggest concern for shareholders
at this time is that Sunridge
will receive a takeover offer before
investors begin to recognize the value
of the large and highly attractive metal
deposits that they hold. Any offer
would be priced at a premium to the
market price at the time of the offer.
The share price will almost certainly
begin to track higher as investors gain
better insights into the nature of this
project and as investor sentiment improves
toward resources.
Price July 29, 2013: C$0.185
Shares Outstanding: 175 million
Shares Fully Diluted: 236 million
Market Cap: C$32.3 million
Contact: Investor Relations
604-688-1263
www.sunridgegold.com
http://www.grandich.com/wp-content/uploads/2013/...es+July+2013-2.pdf
Company Update
Sunridge Gold
(SGC-TSXV)
Sunridge, with a feasibility study completed
on its Asmara project in Eritrea,
is now working toward securing financing
for mine development and
obtaining the permits needed to develop
and operate the mine. They are
making good progress on both fronts.
Most of the studies have been completed
in support of the mining license
application. Formal submission is expected
imminently. The government is
anxious to see the project move forward
quickly, meaning that the mining
license application will be handled
expeditiously and is not expected to
delay project development.
The state-owned Eritrea National Mining
Corporation (ENAMCO) last July
agreed to acquire a 30% paid participating
interest in the project. Negotiations
are continuing with regard to setting
a purchase price, which will be on
commercial terms.
ENAMCO will then contribute 33 percent
of the capital expenditures as incurred.
The government also holds a
10 percent carried interest, which will
apply to the interest of both parties.
Financing efforts are being coordinated
by a financial group with considerable
success in arranging financing
for mining projects. In support of the
financing efforts, a leading independent
engineering firm is presently reviewing
the feasibility study on behalf
of potential lenders. There is a high
level of interest from lenders, recognizing
the very favorable economics of
this project and the success enjoyed by
Nevsun (NSU-TSX) in developing and
operating their Bisha mine in Eritrea.
The Asmara feasibility study contemplates
a three phase development plan.
The first phase will be to mine the
116,000 tonnes of high-grade ore
(15.6% copper, 3 g/t gold and 77 g/t
silver) which will be direct shipped to
a smelter. Mining that direct shipping
ore (DSO) will span about six months
and produce more than $100 million of
revenue, with only modest operating
expense. The capital expense incurred
in the DSO will be directly applicable
to the main project.
At the same time as mining the DSO,
mining of the gold oxide “caps” overlying
three of the base metal deposits
will begin, with the gold recovered by
heap leaching, producing five years of
cash flows, again with modest capital
expenditures and operating costs.
While mining the DSO and the gold
caps, the company would develop the
main ore bodies and construct the
processing facility. Production for the
first 1.25 years would come from an
enriched “supergene” zone, generating
high levels of cash flow early in the
mine life. Mining would be a combination
of open pit and underground, using
conventional flotation recovery.
The capital requirements, net of the
cash flow from the DSO ore and the
gold heap leach, would be about $350
million.
The Asmara projects is well located
for mine development, as it is less than
an hour drive from the main city in
Eritrea and only a couple of hours
from the port. The project has good
grades, it is easy to mine and it has
favorable metallurgy. The government
is highly supportive of mining, as
demonstrated by the success of the
Nevsun project.
North American investors may have
concerns about investing in Eritrea,
but that concern is misplaced. Nevsun
successfully developed and is profitably
operating its Bisha mine, which
involved participation of international
financial firms.
There are many mining companies that
would very much like to develop this
project. The biggest concern for shareholders
at this time is that Sunridge
will receive a takeover offer before
investors begin to recognize the value
of the large and highly attractive metal
deposits that they hold. Any offer
would be priced at a premium to the
market price at the time of the offer.
The share price will almost certainly
begin to track higher as investors gain
better insights into the nature of this
project and as investor sentiment improves
toward resources.
Price July 29, 2013: C$0.185
Shares Outstanding: 175 million
Shares Fully Diluted: 236 million
Market Cap: C$32.3 million
Contact: Investor Relations
604-688-1263
www.sunridgegold.com
http://www.grandich.com/wp-content/uploads/2013/...es+July+2013-2.pdf
07.08.13 19:35
#24
videomart
Tages-Volumen steigt über 2 Millionen Stücke...
http://de.advfn.com/...icchart&s=sgcnf&p=1&t=39&vol=1
http://de.advfn.com/...cchart&s=tx^sgc&p=1&t=39&vol=1
http://de.advfn.com/...cchart&s=tx^sgc&p=1&t=39&vol=1
08.08.13 16:00
#25
videomart
Grandich Client Sunridge Gold
posted on August 8, 2013 at 7:24 AM
"I couldn’t go a week without having to put the work clothes back on yesterday. Many friends and readers kept asking about the trading in Sunridge Gold.
Fundamentally, I think Lawrence Roulston hit it on the head in this recent comment and please note the part he speaks of many companies having an interest in SGC. I fully agree with his assessment that we could be disappointed that a takeover occurred before we were able to see full value.
Technically, the stock has formed a bullish flag formation on the short term and is close to a major breakout on the long-term. If that occurs, there’s no technical argument that prevents it from running to key resistance at 0.52 Cad.
http://www.grandich.com/2013/08/grandich-client-sunridge-gold-20/
http://www.grandich.com/wp-content/uploads/2013/08/sgc-long.png
http://www.grandich.com/wp-content/uploads/2013/08/sgc-short.png
"I couldn’t go a week without having to put the work clothes back on yesterday. Many friends and readers kept asking about the trading in Sunridge Gold.
Fundamentally, I think Lawrence Roulston hit it on the head in this recent comment and please note the part he speaks of many companies having an interest in SGC. I fully agree with his assessment that we could be disappointed that a takeover occurred before we were able to see full value.
Technically, the stock has formed a bullish flag formation on the short term and is close to a major breakout on the long-term. If that occurs, there’s no technical argument that prevents it from running to key resistance at 0.52 Cad.
http://www.grandich.com/2013/08/grandich-client-sunridge-gold-20/
http://www.grandich.com/wp-content/uploads/2013/08/sgc-long.png
http://www.grandich.com/wp-content/uploads/2013/08/sgc-short.png
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