Sunstone Metals Aktie

Sunstone Metals expects a significant resources upgrade in October/November after successful drilling at Bramaderos and new results at Copete and Porotillo. Bramaderos currently hosts 3.6 million ounces with an exploration target of 5–13 million ounces; El Palmar has a near-surface resource of 1.2 million ounces and a deep exploration target of 15–45 million ounces. Metallurgical tests increased gold and copper recoveries, reduced all-in sustaining costs to 1,340 AUD/ounce, and lead management to conclude that the market capitalization of ~60 million AUD does not reflect the project potential. » Plus sur de.investing.com

At the Noosa Mining Conference Sunstone Metals presented a growth strategy focused on the advanced Bramaderos gold project in Peru and the exploration-heavy El Palmar in Ecuador. Management emphasized a substantial valuation gap: a market value of ~50 million AUD equates to roughly 10 AUD per ounce versus 30–50 AUD for peers. Following a recent capital raise the company is financed for the next 12 months and plans extensive drill programs, resource updates and technical studies, the successful results of which could lead to a significant re‑rating. » Plus sur de.investing.com