Huge per the SSOK website... SSOK is a fully re
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Posted On: 08/07/2020 3:31:59 PM
Re: metalman123 #95496
Huge per the SSOK website...
SSOK is a fully reporting company that files audited financials with the SEC; and is current. The news is solid for SSOK as it confirmed its revenues and magnitude of its operations:
https://www.otcmarkets.com/stock/SSOK/news/st...id=1664493
The gold mines they are looking to acquire produces 60,000 ounces of gold per year which with today's gold prices of over $1,900 per ounce, that's a total of over $114,000,000 in Revenues. I think all of those new to SSOK should read this from their website below as there is yet still much more to consider:
Quote:
http://www.sunstockinc.com/about/
We also want to begin selling wholesale to other retailers which will boost our sales by $25,000,000 per year, initially. Potentially this can reach into the $100,000,000s/per year range in just a few years. ...
Announcing Sunstock’s intention to become a pure gold play stock, with plans to own a complete Vertical Integration in the gold industry. The Company intends to acquire mineral rights and gold mining assets to compliment it’s already strong and growing gold distribution business. We anticipate acquisition prices in the $5,000,000 to $10,000,000 range. The mines we are considering are producing upwards of 60,000 ounces of gold per year. The cost to mine and refine this gold is anticipated at $1,000 per ounce. We will sell at spot price.
We plan to hire a designer to produce custom designs for us in gold bullion coins. These coins will be in limited quantities of 15 to 30 thousand ounces per quarter. In addition to selling these limited edition coins through our own retail operations we will also sell them through Karat Bar, which has about a 500,000 person sales force. With our prices set at spot, we anticipate brisk sales. Compare this to $25 over spot for Canadian Maples or $35 over spot for American Eagles. We foresee a profit margin of $400+ per ounce. This could net us $45 – $48 million per year in profit at today’s gold prices, and a gross revenue of $200,000,000 per year.
The whole world mines about 109.6 million ounces of gold per year. We hope to produce 1/10 of 1% of the total supply of gold in the world.
The Company is in talks to acquire or partnership with several assets that could potentially produce billions in revenue over 5-10 years. We are focused on projects that already own significant amounts of unrefined – but already mined – gold ore.
v/r
Sterling
SSOK is a fully reporting company that files audited financials with the SEC; and is current. The news is solid for SSOK as it confirmed its revenues and magnitude of its operations:
https://www.otcmarkets.com/stock/SSOK/news/st...id=1664493
The gold mines they are looking to acquire produces 60,000 ounces of gold per year which with today's gold prices of over $1,900 per ounce, that's a total of over $114,000,000 in Revenues. I think all of those new to SSOK should read this from their website below as there is yet still much more to consider:
Quote:
http://www.sunstockinc.com/about/
We also want to begin selling wholesale to other retailers which will boost our sales by $25,000,000 per year, initially. Potentially this can reach into the $100,000,000s/per year range in just a few years. ...
Announcing Sunstock’s intention to become a pure gold play stock, with plans to own a complete Vertical Integration in the gold industry. The Company intends to acquire mineral rights and gold mining assets to compliment it’s already strong and growing gold distribution business. We anticipate acquisition prices in the $5,000,000 to $10,000,000 range. The mines we are considering are producing upwards of 60,000 ounces of gold per year. The cost to mine and refine this gold is anticipated at $1,000 per ounce. We will sell at spot price.
We plan to hire a designer to produce custom designs for us in gold bullion coins. These coins will be in limited quantities of 15 to 30 thousand ounces per quarter. In addition to selling these limited edition coins through our own retail operations we will also sell them through Karat Bar, which has about a 500,000 person sales force. With our prices set at spot, we anticipate brisk sales. Compare this to $25 over spot for Canadian Maples or $35 over spot for American Eagles. We foresee a profit margin of $400+ per ounce. This could net us $45 – $48 million per year in profit at today’s gold prices, and a gross revenue of $200,000,000 per year.
The whole world mines about 109.6 million ounces of gold per year. We hope to produce 1/10 of 1% of the total supply of gold in the world.
The Company is in talks to acquire or partnership with several assets that could potentially produce billions in revenue over 5-10 years. We are focused on projects that already own significant amounts of unrefined – but already mined – gold ore.
v/r
Sterling
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