on the fringe.., page-11

Sunridge Gold Corp (SGC-TSX-V) is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal deposits on the Arabian-Nubian shield in East Africa.

The Company has been exploring the Asmara Project in Eritrea for 8 years and has successfully identified four deposits; Emba Derho, Adi Nefas, Debarwa and Gupo Gold. These contain M&I Resources of:
• 1.3 billion pounds of copper
• 2.6 billion pounds of zinc
• 930,000 ounces of gold
• 28 million ounces of silver
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=562194

The results of a preliminary feasibility study (the "Study") that considered all deposits being processed at a central mill was announced on May 2, 2012. The Study showed production from the Asmara Project 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 Study also demonstrated a pre-tax net present value of $555 million at a 10% discount rate and an estimated initial capital cost of $489 million.

http://www.sunridgegold.com/s/EmbaDerho.asp
http://www.sunridgegold.com/s/Debarwa.asp
http://www.sunridgegold.com/s/AdiNefas.asp
http://www.sunridgegold.com/s/Gupo.asp

http://www.sunridgegold.com/i/pdf/SGC-PPT-Dec2012.pdf

http://finance.yahoo.com/q?s=SGC.V

Copper
http://www.marketoracle.co.uk/Article38314.html

SI: That is another important consideration. With a copper price at $3.50/lb, hypothetically almost every copper project on the planet could or should make money, even the very low-grade ones. Even high-cost copper producers have costs on the order of $2.00–2.50/lb, which generates a solid margin at today's prices.

http://copperinvestingnews.com/13534-copper-may-rally-up-by-8-percent-in-the-coming-months.html

http://copperinvestingnews.com/13503-copper-gains-china-united-states-fiscal-cliff-price-comex-xstrata-kazakhmys-freeport-mcmoran-newmont-yellowhead.html

“You have a recipe for higher copper prices with the home-sales numbers and strong Chinese industrial-profit data,” David Meger, director of metal trading at Chicago’s Vision Financial Markets, told Bloomberg.

http://copperinvestingnews.com/13534-copper-may-rally-up-by-8-percent-in-the-coming-months.html

Zinc

http://minesite.com/news/how-will-base-metals-perform-in-2013

Zinc is the problem child of the base metals sector. It is labouring under a large stockpile that is expected to increase in 2013 to over eight weeks when expressed as a weeks of consumption. Firm demand in China will offset much of the weak consumption growth in the developed world.

http://zincinvestingnews.com/4111-zinc-price-rise-demand-surplus-investing-china-trevali-vedanta.html

Over the long run, zinc is still expected to outperform most metals. Resources analyst Allan Trench of CRU recently classified the three-year mining outlook as “UPTZ” due to expected rises in prices for uranium, palladium, tin and zinc.

Zinc metal surpluses have fallen to 157,000 tonnes from 304,000 tonnes in 2011. Over the same period, overall mine output increased by 789,000 tonnes.
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Wild bill nothing Obviously wrong with the multi metal Emba Derho deposit once you add the figures up. Problem could be the money needed for the start up with the company having only recently have raised some money for operating expenses .

If they could get the money though slide 37 and 41 of the presentation shows a good return. Another problem could be where the Eritrean would get the money for their share.

What’s the bet the Chinese swoop down again for another bargain?