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Sunday, 10/24/2010 11:44:28 AM

Sunday, October 24, 2010 11:44:28 AM

Post# of 101798
Huge Unnoticed Valuation with SNEY…

At some point in time, I think the market will realize that SNEY has an individual that is part of their team that has written reports about the quality and validity of their property that has 31 years with the US Department of Energy (DOE) and is the person who headed up the famous Yucca Mountain Project. This person is Robert A. Levich, CPG, PG, EurGeol, FSEG, FSGA, Director.
http://www.sunergygold.com/corpmanagement.html

A man with his qualifications would not be here with SNEY doing reports and vouching for them unless he knew that what they have are not just real, but very real. His credentials speak for themselves. Robert A. Levich is the person who is responsible for writing the report below about SNEY’s Nyinahin Prospecting Concession located in Ghana:
http://www.sunergygold.com/ALLUVIALGOLDMINING.pdf

SNEY has recently PR-ed that they have completed the due diligence (DD) for the 100% acquisition of Allied Mining and Supply, LLC (Nevada) and expects to sign a definitive agreement very soon:
http://ih.advfn.com/p.php?pid=nmona&article=44301821&symbol=NO^SNEY

This property is very special and would add some significant value to SNEY. Allied recently obtained a NI 43-101 Technical Report on the Pampana North section of the property. The NI 43-101 indicated that the Pampana North property… “is a property of merit and should receive continued exploration efforts" and that "the northeastern portion of the mining property contains a known bedrock gold vein potential, which is 1,200 feet long, and located 9 km from the Yirisen gold deposit. (Past geological studies have indicated that Yirisen is one of the largest gold vein deposits in Sierra Leone.)"

The beauty about the Pampana North property is that 28% of concession area indicated recoverable alluvial gold at over 500,000 oz. (ounces) with average grades of 0.12 ounces per tonne qualifying as superior grade deposits as defined by the US Bureau of Mines.

If 28% = 500,000 oz. of gold, then let’s solve for “x” to determine what oz. = 100% of the concession area.

Or to better solve this equation… 500,000 oz. equals 28% of what number?

Solve for x where… x = Total oz. of Gold for 100% of Pampana North Property

28/100 = 500,000/x

Now let’s cross multiply to solve…

500,000 x 100 = 28x
50,000,000 = 28x
1,785,714.28 oz. = x

So… 1,785,714 oz. = Total oz. of Gold for 100% of Pampana North Property

SNEY/Allied Mining and Supply, LLC was also granted a boundary modification by the Sierra Leone Mines Ministry which added an additional 72% land area in which recent testing has shown apparent continuity of gold and Rare Earths, but I let’s not talk about this now to be include to the valuation below.

So, as derived above, there is about 1,785,714 oz. of gold within a NI 43-101 property that has not been acquired by SNEY just yet, but is expect to close very soon. The recent PR stated that the due diligence (DD) has been completed and all parties have agreed on terms for a Definitive Agreement that’s expected to close soon.

The current price of gold per Kitco below is over $1300+ per oz.
http://www.kitco.com/charts/livegold.html

1,785,714 oz. x $1300 = $2,321,428,200

In closing, the closing of the acquisition of Allied Mining and Supply, LLC confirming a Definitive Agreement could bring the proven, probable and potential valuation somewhere in the area of $2,321,428,200 from their property where Allied has recently obtained a NI 43-101 Technical Report on. I’ll let each investor guess where SNEY should fundamentally trade if they close this acquisition. At the very least, SNEY should be on watch for news announcing a Definitive Agreement of the acquisition of Allied Mining and Supply, LLC as it has been said that the company is progressing very well and is ready and scheduled to start production in Nov 2010. The ball is in motion.

v/r
Sterling

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