SUM 2.94% 16.5¢ summit minerals limited

Constrained Value Estimate

  1. 420 Posts.
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    Hi all, if possible can we work out an approximate valuation for SUM. It's only a guestimate, so nothing in stone. I will make a start:
    1. Cash $1.6 million AUD
    2. Phillips River as is $1.0 million AUD (Lithium]
    3. Castor Bay as is $1.0 million AUD (Gold and Copper)
    4. Stallion REE as is $3.0 million AUD (subject to MRE)
    5. Stallion and nearolgy Uranium as is $12 million AUD
    6. Brazil Nodium, REE and Lithium $5 million AUD
    7. Total Approx. $23.6 million AUD
    8. Current MC Approx. $6.5 million AUD (room to move?).

    Note: We picked up the Brazilian assets on the cheap, but part of the deal involved issuing around 6 miilion shares. I am assuming they (the buyer) knew that our existing assets were also on the cheap (such as our Uranium), hence the reason for the cheap deal (coupled of course with a downturn in the REE and Lithium space).

    IMHO / DYOR
    Last edited by MicroNova2035: 07/05/24
 
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