Replies to post #18758 on Sunergy, Inc. (fka SNEY)

[daggfish]

my calculations based on 1800 tons of material processed per day for 3 dredges equates to $68,000 per day in gold recovery alone..not including REEs this is based on 1 gram of gold per ton of material...

[mikeymgd]

Those dredging values are based on black sands. Its not based on the overall volume.

It should be a small fraction of the overall volume.

Until operations are reported we really don't know how much of the 50tons per hour have black sand in it.

I would anticipate less than a ton per day with 3 dredges. Still not a bad day, about 8k a day in REE's would be nice.

Most of the riverbed is worthless material, only a fraction of it is gold or REE.

[Beau1954]

I am just running through the messages but this came up the other night. The problem with those numbers is the $8000.00 figure is for black sand. There is aprox. 100 lbs of black sand for every ton of material they run through the dredges.

[Mugwumps88]

Ok here is how i came up with a valuation. Please feel free to point out any flaws.

If a dredge can do 55 tons/hr. of gravel and 100 lbs per ton is black sand. Then that = 2.5 tons of black sand /hr. Black sand being worth $8400/ ton. Then 1 dredge would reap $21,000/ hr.

x 3 dredges = $63,000/ hr. x 40 hrs a week x 52 weeks = $131,040,000/ yr. revenues.

I don;t know what the profit margin is but lets say its 40%. Then profit = $52M/ yr.

Divide by 1.3B O/S to get and EPS of $.04 x a nominal PE ratio of 10 and you get a PPS of $.40

If we get 24 dredges going we are talking $3.20!!!