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16.0¢ summit minerals limited

Ann: Strategic Expansion of the Stallion Uranium Project, page-37

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MicroNova2035

418 Posts.

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22/02/24

21:57

Post #: 72547381
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Originally posted by MicroNova2035: ↑

Good point. At a quick glance it looks like they (CXU) have a market cap around $47m, with what looks like around 30 million pounds of Uranium. Cash at the end of the Dec qtr was just over $1m, but there was a CR of another $2m in Feb 24. So it looks like an EV or approx. $44m (for CXU).
Meanwhile, SUM has an MC of around $3m, with approx. $2m in cash. So our EV is approx $1m, but with 7 million pounds of Uranium. On the surface that doesn't look too bad (approx. 1 quarter of the Uranium compared to CXU, but an EV approx 44 times less). Pretty Good?
I might have missed something, as it was a quick scan.
Either way, imagine the potential if we get WA approval. Deep Yellow (for example) has around 100 million pounds of Uranium, but their MC is around $1 Billion.
Could we see a significant upgrade at Stallion as part of, or in conjunction with the upcoming MRE? Plus additional acquisitions?
IMHO and GLTAH

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And don't forget that Yellow Cake is, generally speaking, considerably more expensive (pound for pound) than Mud Cake.
IMHO

Last edited by MicroNova2035: 22/02/24

SUM Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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Last 16.0¢		Change -0.005(3.03%)		Mkt cap ! $13.81M

Open	High	Low	Value	Volume
16.5¢	16.5¢	16.0¢	$26.87K	164.4K

Buyers (Bids)

No.	Vol.	Price($)
3	291611	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	29811	3

View Market Depth

No.	Vol.	Price($)
3	291611	0.160
2	20500	0.155
6	130165	0.150
3	41327	0.145
1	1450	0.140

Price($)	Vol.	No.
0.180	29811	3
0.185	10000	1
0.190	55000	1
0.195	150762	2
0.200	36990	2

Last trade - 16.10pm 06/11/2024 (20 minute delay)

SUM (ASX) Chart