A Company on the Move That You Need to Know About

Published: Tue, 01/28/14

 


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A Company on the Move That You Need to Know About

Dear Silver Investor Readers:

As you know, from time to time, I like to bring to your attention companies that are moving forward, meeting milestones and gaining momentum – and not just silver stories. One company that is doing just that and attracting attention in a difficult market is Sunridge Gold Corp. (SGC: TSX-V; SGCNF: OTCQX).

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
 

Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader. Stone Investment Group is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision.

Stone Investment Group and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that Stone Investment Group will not be held liable or responsible for any decisions you make regarding any information discussed herein.

 

 

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