Ann: Surface assays indicate potential new high grade gold areas, page-12

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spicyspu

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09/05/25

15:08

Post #: 78984732
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Originally posted by jdpc35: ↑

PD's presentation yesterday to RIU Conference is now available online. Link is below - alternative is a simple Google search for RIU Sydney Sunstone 2025.

Nothing earth shattering, but my main take-aways were:

1. They are obviously getting a much stronger view on the relative operational value attaching to the assets as they work the investment cases on the two assets. A few mentions of sub US$1,000 AISC for the assets when in operations / US$2,000+ operating margins at current prices.

2. He mentioned the level of corporate activity has significantly increased since they disclosed the two more advanced options to market as part of the necessary disclosure cleanse for the recent capital raise. Parties who had been going at their own pace have now realised they are in a competitive process and stepped up their engagement levels, with further site visits as a result next month (June).

Particularly pleased to hear this second aspect as it is competitive tension that will drive a good deal outcome for us shareholders, and now all parties know that they have a number of competitors to contend with.

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”mkt cap should be at least $200m”
ca. 3.2c suggests a full buyout would have to be well above that (4.2c with 35% premium)

he also made another comment earlier when discussing the mining strategy at Brama - “may end up a part of a much larger organisation”

STM Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.5¢		Change 0.000(0.00%)		Mkt cap ! $90.94M

Open	High	Low	Value	Volume
1.5¢	1.6¢	1.4¢	$73.40K	4.898M

Buyers (Bids)

No.	Vol.	Price($)
1	8305	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	2223762	5

View Market Depth

No.	Vol.	Price($)
1	8305	0.015
4	903785	0.014
5	4201923	0.013
5	4382183	0.012
5	3653347	0.011

Price($)	Vol.	No.
0.016	2223762	5
0.017	3298482	9
0.018	6822512	13
0.019	4090116	12
0.020	6695266	10

Last trade - 16.10pm 23/06/2025 (20 minute delay)

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