The Gold Report
Notable Quotes
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"THO's Escobal remains on budget and on schedule; its progress is encouraging." (5/10/13) Tahoe Resources Inc. - Chris Thompson, Raymond James More >
"We reiterate our Outperform rating on P and it remains one of our top picks." (5/10/13) Primero Mining Corp. - Shawn Campbell, Macquarie Capital Markets More >
"DGC is attractively priced and should outperform its peers." (5/10/13) Detour Gold Corp. - Brad Humphrey, Raymond James More >
"Lead, zinc and gold factor heavily into the economics for MAG's Juanicipio silver project." (5/14/13) MAG Silver Corp. - The Metals Report Interview with Brent Cook More >
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Experts Commenting on This Company
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Sunridge Gold Corp.TICKER: SGC:TSX.VSunridge Gold Corp. is exploring and developing the Asmara project in Eritrea in East Africa. Four NI-43-101-compliant mineral deposits have been successfully defined to date and a feasibility study for the high-grade Debarwa copper, gold and zinc deposit is scheduled for completion in 2011. A prefeasibility study on the Asmara North, Emba Derho, Adi Nefas and Gupo Gold (copper, zinc, gold, silver) deposits is scheduled for completion in early 2012. Exploration work continues on the Asmara project and the Besakoa project in Madagascar and several high priority volcanogenic massive sulphide targets have been defined. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Comments:
Adam Lucas, Ocean Equities (5/16/13) "We believe the results of the bankable feasibility study on Sunridge Gold Corp.'s Asmara project are positive for the company; Sunridge has successfully reduced the initial and overall capital expenditure requirements, and optimized the development plan of the Asmara project to enhance the overall economics. The post-tax internal rate of return of 26% using today's commodity prices, which have softened considerably, is a great result for Sunridge."
The Gold Report Interview with Peter Grandich (5/13/13) Peter Grandich: Sunridge Gold Corp. [is one of] are my largest personal holdings. . .the company is insanely discounted, not only because it operates in Eritrea, but also because of what happened in the junior resource market. It would have a share price probably 5–10 times higher if it were operating just about anywhere else in the world. The bottom line is that any day Sunridge will have an updated resource study that should make it evident to everybody how ridiculously undervalued it is. It is definitely a candidate to be taken out. Unfortunately, it will not get anywhere near the price it could have gotten a year or two ago.
TGR: Sunridge put out a prefeasibility study just about a year ago. That showed an NPV of $555M and an IRR of 27%. Do you expect the feasibility study, which is due out within the next month, to have even better numbers than that?
PG: It's very likely. That's why this market is so frustrating. Something has to give. You just can't keep adding value the way Sunridge has and discount the price. If nothing else happens, a bigger company will come along that is better financed and take Sunridge out. The ore in the ground doesn't know that it has been discounted to the level it has, and it's still being sold around the world for a nice price. More >
Peter Grandich, The Grandich Letter (3/11/13) "Simply put, when you look at what now appears to be Sunridge Gold Corp.'s sixth deposit, the worth of such deposits versus the current market valuation, it literally makes no sense. But given the country Sunridge operates in and the state of the industry, one can at least try to understand such a low valuation. . .this may change despite all of this when the company's key study is out by the end of April."
The Gold Report Interview with Henk Krasenberg (2/22/13) "I've always liked Sunridge Gold Corp.; it used to have a connection with Nevsun Resources Ltd." More >
SmallCapPower Interview with Peter Grandich (2/1/13) "My second largest holding is a company called Sunridge Gold Corp.; it has no fewer than five projects in a politically high-risk country that does get negative news from time to time. But I think it's an overblown situation and the stock has been thoroughly discounted because of that, and I think any one of its projects is a company maker."
