If SNEY hit their target range and I believe they will we should be heading north as soon as we get results. We have 5 on-going operations which will double to 10 within 60 days.
It doesn't matter how many dredges or how many licenses they have.
Increase in dredges equates to increase in cash flow.
The company gave these estimates months ago and there is no reason to change them.
As they run operations some areas may hit below the estimates, some areas will fall within the estimate range and some areas will exceed the estimate range.
The work in the field is arduous and very time consuming.
We have geologists on board to help locate quality mining areas.
Estimates for cash flow from test analysis is net $20,000 to $40,000+/ month per dredge.
Dredgemaster, David Price says: "Our mining opportunities are now growing rapidly in both Sierra Leone and Liberia and are now underway. In Sierra Leone, two 8 inch dredges and a land based operation are ongoing. In Liberia, we have two 6 inch working dredges. We are refurbishing a third dredge in Sierra Leone that sits ready to begin operations in either country as needed. Plans to increase our dredge operations are underway, with six dredges targeted to work this year in each country. All our projects are now being planned for year round operations. We have been introduced to several additional growth projects in Sierra Leone and Liberia and We are working diligently to bring them into our Company."
Dredgemaster, David Price says: "In my 20 plus years of working in mining in West Africa, I have never seen projects and cooperation come together like they are for us today. We have strong support from Prince Kai Saquee and our on ground people in Sierra Leone and our operations team in Liberia have enabled us to access some very promising opportunities, as the mining landscape has been cleaned up from dormant licenses and new ones are now available. Our operations will more than double in the next 60 days as paperwork is processed and completed. I firmly believe we can handle the growth. Remember, I get paid on results, so I will make sure we have substantial ones whenever possible. We will release more information on these transactions as we close the deals in the next few weeks."
Dredgemaster David Price says: "We have a serious plan that we are executing in Liberia, involving Minerals Commission licensing, local artisanal mining personnel and licenses and equipment deployment. We have gained control of some historically rich mining sites that are just now re-opening after the conflict which are assured to provide excellent economic results. Our team of geologists and experienced artisanal mining persons coupled with a very cooperative minerals management group put us in a very aggressive position to achieve substantial returns for our shareholders. We are targeting more equipment and are finding that some vendors are also interested in owning our stock as part of a purchase agreement. This is good evidence that our Company is being highly regarded here in Liberia. I am very pleased to be a part of Sunergy's operating team and look forward to harvesting the fruits of our labor."
