Let us measure our progress from the company's Game Plan
See Last Paragraph!!!
Is the SNEY ahead of Schedule with Ordering the gravity/wash plant?
From SUNERGY EXECUTIVE BRIEFING
(dated November 23, 2010))
Cash required to fund the initial bulk sampling, testing, initial mining and 43--101 Property Evaluation For each project:
$2,643,000
Funds Will be used to accomplish the following:
1. Expand Bulk sampling and mining for immediate cash flow
2. Secure Additional adjacent properties (holdings expansion)
3. Commission 43--101 (JORC) Compliant technical report on alluvial and hard rock reserves
4. Complete Bankable feasibility study
PROJECT
TIMING
Land Mining Equipment For set--up February 2011
Commence 300 Tons per day processing by March 2011
Achieve 600 Tons per day processing by August 2011
Cash Flow from bulk sampling within three months of landing equipment
Full Production mining can commence as early as March 2011 When production volume should reach approximately 300 Tons per hour for each operation. This Should produce an annual gross return (‘au’ @ $1,000 Per ounce) of $10,000,000 To $15,000,000 Per project. Production Should ramp up to 600 Tph in each case within the first 6 months.
Sunergy Has several former producing mines and numerous Artisan Pits along the Offin River Which will be worked for the 60+% Of the gold left behind by the Artisans. With The Sierra Leone Acquisition moving into production, the combined operation will begin in Quarter 1 Of 2011 At an initial rate of 2,000 – 3,000 Ounces per month stabilizing
@ 3,000/month Over quarter 3 And 4 For the first year. Once stabilized, the Company Will add 1 gravity/wash plant during Quarter 3 And 4 In each of the next two years increasing production by 36,000 Ounces per year for each operation. The Company Anticipates growing annual production to over 100,000 oz/year which results in projected earnings of $20,000,000 -- $30,000,000 Per year using $1,000/ oz. gold price..
