"Following the Demerger Clean TeQ Water will have
approximately $15 million in cash and no bank debt.
Sunrise Energy Metals will hold the remainder of the
Sunrise Energy Metals Group’s cash of approximately
$40m and have no bank debt"
Today, currently $2.80
89.33 million Shares.
Therefore roughly $200million market cap.
$55million cash.
So M/C minus cash is $145 million
Nickel Cobalt Scandium project ready to go with finance. Value ? Will it ever be mined?
Minora Project. Exploration Project.
Hylea Project "weathered surface expression of the intrusive hosts nickel, cobalt and scandium
mineralisation."
Why invest in Hylea tenement if commercialisation of solid state batteries just around corner. How complex is the manufacture of solid state batteries and the cost?
( What battery chemistry is Toyota using in their hybrids J/V hybrid with Subaru currently. I assume nickel and cobalt?)
"CLQ water" A number of projects and Biolens's seem to be coming to fruition.
And last but not least the Hole SDD022: 0.6m from 255.9m at 129g/t Platinum,
1.23g/t Palladium, 1.79g/t Rhodium, 4.00g/t Iridium, 0.89g/t Osmium and 0.28g/t Ruthenium.
Admittedly only one "Bonanza" result But historic shallow drill holes show potential and have only assayed for Palladium.
The company seems undervalued but that is not to say it won't fall quite a bit further.
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