SRL 2.34% 31.3¢ sunrise energy metals limited

Time to Buy Cheap Shares, page-44

  1. 2,506 Posts.
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    AUZ ain't got nothing according to this Canadian critical metals analyst.

    "Australian Mines is essentially piggybacking on Sunrise and claiming “closeology” as its main merit. It is claiming to be the “other half” of the Sunrise deposit, which must be mighty annoying to Robert Friedland. In light of the sexiness of Cobalt at the moment it is primarily touting this as a Cobalt deposit despite the grade being only 0.11%. The project has both a Co/Sc zone and a Sc zone. The latter though has infinitesimal Cobalt grades (0.01%) so a Scandium-only mine would have a grade of 433ppm but only yield 788 tonnes making it only a fraction of the next smallest player. How that would be viable as either a Cobalt or a Scandium mine is beyond our imagination at this point."

    http://hallgartenco.com/file.php?path=Mining&filename=Scandium_Sector_July_2018.pdf
 
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