While the company has been consistently late in different areas, they actually are ahead of schedule on ordering the gravity/wash plant per the project timing from the Executive Briefing.
Sunergy Purchases Processing Plant Equipment For Optimum Free Gold Recovery and Upgrading The Rare Earth Black Sand Concentrates
Date : 06/02/2011 @ 7:27AM
What will be interested to see is whether SNEY will stay ahead of schedule as to achieving 600 Tons per day processing by August 2011.
From SUNERGY EXECUTIVE BRIEFING
(dated November 23, 2010))
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..
