It is time to load up, Dec/Jan sale is ending soon. I recall in 2019, stock called SPX, spectrum which did 10x from 2 cents to 20 cents. It has less resources than SHN but similar near to port, near to mine processing plant. Key difference was Spectrum had VERY HIGH GRADE 13grams vs 3.5grams: Long story short, RMS bought it, $208 million.
in February 2020, Ramelius Resources Limited (ASX:RMS) acquired Spectrum Metals Limited (ASX:SPX) in a takeover offer. The offer was valued at $208 million. The project had a maiden resource of 799,000 tonnes at 13.8 grams per tonne gold for 355,500oz of the precious metal.
my forecast Sunshine Metal Market Cap $100million which is 10x from this valuation by 2026.
SHN Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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