My colleague Lawrence Roulston, editor of the well-known
newsletter Resource Opportunities, has been
covering Sunridge since 2008 and has been a long
supporter of the company. He recently updated his
recommendation on Sunridge, which I highly encourage you
to read below (this is usually only available to his
paid subscribers).
In this market, it is critical to seek out companies
with real assets, cash in the bank and quality
management with the track record to move things forward.
Sunridge meets the criteria and it looks like others are
starting to notice too…
I suggest
signing up
to receive Sunridge’s news releases now as well, as this
is one to watch:
Sincerely,
David Morgan
Below are excerpts from Lawrence Roulston’s Resource
Opportunities coverage of Sunridge Gold [January
2014]:
“Asmara, as one of the most attractive large,
advanced-stage mining projects available anywhere, is
attracting considerable attention from the mining
industry…A feasibility study completed early last year
showed very favorable economics: an after-tax net
present value (8%) of $443 million with an internal rate
of return (IRR) of 27%.”
“The reality is that Eritrea is a favorable place for
mining: Nevsun (NSU-TSX) successfully developed and
operates the Bisha mine in that country. Nevsun received
debt funding for the project from international banking
firms, and those same groups are willing to lend to the
Sunridge project. Another mining project is presently
under development in the country, after it was acquired
by a Chinese mining company. There are a number of
international mining companies that would be very happy
to be involved in a project as attractive as Asmara and
see Eritrea as a favorable place to operate a mine.”
“While management continues to advance the project
toward development, other companies are watching
closely. Not surprisingly, given the attractive nature
of the deposit as outlined in the feasibility study,
“Sunridge has been approached by a number of companies
interested in acquiring all or part of the Asmara
project or possibly the Company” according to a January
13 news release from the company.”
“In addition to the generally improving market sentiment
for companies with high quality, advanced stage
projects, there are a number of catalysts expected from
the company in the coming weeks which point to a higher
share price.”
Click here
to read the full Sunridge Gold coverage from Resource
Opportunities now