Morning Trading March 8, page-173

I am a long term holder of SUM,
And have held since September 2022.

It is a long term hold for me,
And I have not sold a single share.

It is one of the cheapest Lithium stocks on the ASX with some of the best ground.
It has $3.4M cash (as of their Jan Quarterly)

Cash $8.7M
Estimated quarters of funding available (item 8.6 divided by item 8.3)
7.8

It has a good Top 20 with Peter Proska being 9th in the Top 20,
And 9th Largest option Holder.

There is also plenty of more news on the way,
And it is near
AKE and
Tallisons (the biggest Lithium mine in the World)

NdPr is the core ingredients for manufacturing permanent magnets (NdFeB magnets),
which are used in high-efficiency electric-motors and generators enabling low carbon technologies,
like wind energy, E-mobility and many others.
The demand for NdPr is expected to grow rapidly as one of the core enablers for the upcoming new technology chapter.

The west is and others are trying to secure supply,
with LYC recently getting $200M of funding to supply Japan Australia Rare Earths,
With NdPr.
It is in High Demand and Short Supply.