Replies to post #31669 on Sunergy, Inc. (fka SNEY)

[mikeymgd]

I hope you are on mark with your estimates.

As I see it with 1 dredge pulling about 11m in gold over 150 days we should have a share price of about 8 cents in about 1 year.

Here is how I figure it.

They have 3 dredges but most likely only 2 will be work horses consistently dredging. The third will be used for exploration and other purposes. Not ruling out that it will dredge but I would imagine only periods of time.

So 1 dredge over 150 days will produce 11m and that means we can double that with 2 dredges and double the days to make a year.

That puts us at about 44m a year in gold on two dredges. Now a company like this will trade at multiples of sales since growth is very likely.

If we give the stock a trading range of 3x sales since buying just 2 more dredges doubles growth.

44mX3=132m
132m divided by 2b shares = .066/share in price.

Now this of course does not count REE value which the company has already stated could exceed the gold value. Even with 1b more shares added for funding (I don't think it will happen) we still get about 7-10 cents per share in a year or so.

Dredgemaster, like everyone else I appreciate your posts and it is a huge value to have someone with experience and knowledge on this board to help us understand the dredge process.

[Mugwumps88]

Here is my math...35 tons/hr x 6g/ton gold = 210 g/hr. x 2 dredges = 420g/hr. x 8 hr days= 3360 g/day divided by 28 gives you 120 g/day.

if gold fetches $1000/ oz. that is $120,000/day

x 6 days =$720,000/ week.

x 52 weeks = $37M/yr. on just 2 dredges.

When they get to their stated goal of 24 dredges....that is $444M/yr

If you were to say earnings were 40% of that revenue. that would be $177M/yr.

Divided by 2B OS (est.)= $.089 PPS. I would say we would trade with anywhere from 3 to 10x that PE ratio. thats $.26 to $.89
Of course, certain expenses and downtime were not factored in because they are unknowable, however I did not include revenue from black sand, diamonds, or REE's which could more than make up for any expenses I missed.

Feel free to correct anything you see that I got wrong but these are numbers based on actual figures that have been announced. I would appreciate any feedback or input.