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20.0¢ summit minerals limited

Ann: Strategic Expansion of the Stallion Uranium Project, page-41

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23/02/24

07:42

Post #: 72549980
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Originally posted by potgut: ↑

Bounce day today ??
Yesterdays news was very good imo , and just looking at MHC next door capped at $9 mill and its Uranium holdings all inside the Queen Victoria reserve which means it will never likely be mined no matter whether the WA mining rules are changed .

Also as others have stated CXU capped at $47 mill with a similiar amount of cash as SUM but with 30 mlbs U3O8 as opposed to SUMs 7 mlbs but capped at only 8% of CXUs valuation .

Also just to quote the big invester in CXU Parle Investmentsfrom a day or so back on the WA Uranium rules ...

"So lets address the WA government issue, its not a issue at all. Jono and the team are not ready to start mining yet they are still confirming what they have. That may take a couple more years and in that time the pressure from the world to mine the uranium will be massive. Its just a matter of time but its guaranteed the law will change, its just a simple matter of when."

I think Gower has a good nose for picking up promising projects.

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Nothing like winding up every project to focus one years away whens the next 5 CRs? Gower the conman

SUM Price at posting: 7.1¢ Sentiment: None Disclosure: Held
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