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Welcome to our comprehensive profile on Sunergy, Inc.
(OTBB: SNEY) |
OVERVIEW
Sunergy, Inc. engages in the acquisition and exploration of mineral properties in Canada. It owns a 100% interest in one mineral claim, consisting of 15 cells, collectively known as the Hummingbird property, which is located in the Vancouver Mining Division approximately 25 kilometers north-northeast of Powell River, British Columbia and 100 kilometers northwest of the city of Vancouver. The company explores for gold, silver, and copper deposits. Sunergy, Inc. is based in West Vancouver, Canada.
Sunergy, Inc. was incorporated in the State of Nevada, USA, on January 28, 2003. It is an exploration stage company, engaged in the acquisition and exploration of mineral properties with a view to exploiting any mineral deposits it's discover that demonstrate economic feasibility. The Company's current operational focus is to conduct exploration activities on its Humming Bird Property and to complete the terms of the acquisition agreement with General Metals Corporation for the acquisition of the Nyinahin Mining Concession. The Company intends to continue exploration on the claim to test the identified mineralized area in the center of the property, and to evaluate the potential of the remainder of the claim area. It intends to complete an additional exploration program on the Hummingbird property consisting of grid establishment over a 15-kilometer area, line cutting, soil sampling and mapping. The Company competes with other mineral resource exploration companies for financing and for the acquisition of new mineral properties. The Company works in compliance with applicable governmental and environmental regulations.
The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. They control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license. The concession is surrounded by several operating mines and is adjacent to Newmont Mining's property. This concession has the Ofin river flowing through their eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production. The Ofin river is known for good alluvial gold production. Artisans usually recover about 30% of the available gold through primitive hand methods, which leaves 60-70% to be recovered by modern mechanical operations. Further information is available on the Company's website www.sunergygold.com
Summary of Investment Opportunity
Operations
Given the successful transition to a precious metals producer, the additional significant upside anticipated by management will be achieved by successfully utilizing the profits generated by the concessions to build shareholder value through becoming a mid-tier producer; entering a niche in the industry recently vacated by other companies through merger or acquisition by larger companies which brought enormous gains to their shareholders. This growth occurs through expanding reserves and resources in properties where the company's operational and developmental expertise is used to build shareholder and operational value. Historically, it is not uncommon for mid tier precious metal producers to be trading at 40 to 100 times earnings.
Spot Price of Gold and Silver
Gold and Silver have been in a seven year bull market taking gold and silver prices to all time high's in recent times. Management believes that macro economic conditions domestically and internationally are likely to keep prices at current levels and very likely take them to after inflation highs or higher for gold and silver. Gold's after inflation equivalent to its 1981 high is over $2,000 per ounce. Continued rising spot prices increased return opportunities at every level along the way. |
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