SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Sun River Mining (SUNR) -- Ignore unavailable to you. Want to Upgrade?


To: Jon Matz who wrote (1545)8/24/1999 12:17:00 PM
From: SWW  Read Replies (1) | Respond to of 1650
 
Jon

I've noticed that none of the "experts" on gold mining have posted here in a very long time. That indicates to me that if anything this is purely a momentum play and doesn't have any connection to value as a gold play, at least not with any information currently available.

Jon, what experts would you like to see posting on this thread. I like your theory, no experts NO VALUE. Here is my humble non expert opinion, the difference is that Clavo Rico is a producing mine. If SUNR exercises the option, they will be immediately producing gold. I put value to that regardless who posting.

tiny drilling program without any reliable chain of custody. First of all, what is your definition of a tiny drilling program. If they accomplished there goal, size of the drilling program is irrelevant. They only have a letter of intent, IMO the drilling program was designed to solidify in SUNR minds the value of the property and if they should exercise the option.

As for the reliable COC, I am assuming that you were there watching to see of proper COC protocols were adhered too from start to finish, or are you saying the SUNRs president and Vice President are incompetent.

Seems like you are interested in SUNR for some reason or another, why dont you call Steve Davis and talk to him. I am sure he will be glad answer your questions or concerns. Here is his number 303-674-3071. I would appreciate it if you would post what you find out.

Thanks in advance

Steve



To: Jon Matz who wrote (1545)8/24/1999 1:27:00 PM
From: CIMA  Read Replies (1) | Respond to of 1650
 
I don't know the value of the Honduran property in relation to market cap. That's why the drilling program was undertaken. It appears as though management thinks it is positive and at a personal level, I am certain the chain of custody isn't an issue. SUNR management is beyond reproach IMO. Things would have been done right.

What we are waiting for in a positive way is an announcement that they are exercising their option, have completed a financing and will be in production and revenue-producing in September. The market seems to think this is likely if I'm reading it correctly.



To: Jon Matz who wrote (1545)8/24/1999 1:40:00 PM
From: javajake  Respond to of 1650
 
jon - the status of the Clavo Rico property as a SUNR fixture is yet to be determined. based on the press releases available, the company's drilling program was designed to provide them with assurances that this property is worth buying - that the information they received from the vendor was, indeed, accurate. the underlying hope, as with any drilling program is that new information is gleened from the results - information that suggests that the potential is greater....just as on the first site visit they found that hurricane Mitch uncovered a new potential ore bearing zone.

we just have to wait to see results, tom