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Sunergy Inc SNEY
Posted On: 10/18/2012 9:40:29 AM
Post# of 1850
Posted By: iggyman555
Re: iggyman555 #882


Finance Plans:


We have budgeted $100,000 on operations in Sierra Leone between October and December 31, 2012 on our 140 sq. km. Pampana River gold and Ree's concession. During Q1 and Q2 of 2013 we have budgeted an additional $350,000 for both the Pampana operation and other targeted growth projects currently in our sights.


These funds will be raised through a combination of private placements for restricted shares, at a later date, favorable short term cash loans as we have done in the past and gold debentures given $1,700/oz. gold prices. This year's operations will generate new material recovered in this year's operations that will be added to our existing stockpile in preparation for Pilot Plant operations which will commence in Q1 2013. We intend to expand our stockpile significantly prior to start-up of the pilot plant in order to optimize operating efficiency for a better and more representative economic result. Cash flow should begin in Q1 and 2 of 2013 and grow over the balance of the operating season and into years 2-5. The company will also be developing resources through systematic sampling and testing along the river and its benches which will set the stage for potential off-take agreements for the REEs.















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