SUM next WA1, page-1231

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Novac

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1604

01/07/24

19:21

Post #: 74555234
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Originally posted by $$$$$$$$: ↑

Actually it wasn't even good enough to be an Indicated MRE,
It is an "Inferred Mineral Resource"

That needs more work to even be called an Indicated MRE....

It literally states:
"The Competent Person has classified the Mineral Resource in the Inferred category
in accordance with the JORC Code (2012).

Geological evidence is sufficient to imply but not verify geological and grade continuity.
It is based on exploration, sampling and testing information gathered through appropriate techniques from drill holes."

"Considering the location of the project, a FIFO workforce is likely to be required.

Any groundwater is anticipated to be used within the processing plant
and dust suppression in mining operations.

Excess groundwater is likely to evaporate.

The site would need to be self-sufficient with its own energy as there is no grid power nearby.

All consumables would need to be freighted to the site by road,
considering the remote location of the site".

So they would need to build a Dam or figure out some water supply somehow,

They would need to build Mining Accommodation.

They would need to Build a Power Station to power it,
Or build a Solar and Battery Facility.

They will need to build some sort of Human Waste Treatment facility,
Or Have trucks pumping it out and removing the waste.

Then get design and get approval for all these things.

As well Build and design a Refinery.

And much much more....

Those are just some of the reasons
Why I think SUM will be Mining before WA1....

Expand

In my 25+ years of trading, I have never heard a poster suggest that a company will mine before any drilling has ever been done or without a resource.

Congratulations, you are one of a kind

SUM Price at posting: 34.5¢ Sentiment: None Disclosure: Not Held
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SUM next WA1, page-1231

Telix sinks as US regulator SEC issues subpoena over claims

ASX Market Close: Iron awe keeps the XJO tracking along

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

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SUM next WA1, page-1231

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