Interesting your comment 'Plus he picked up these recent assets, extremely cheaply IMO.' -- I'm wondering if the vendor (Sandro) thinks he sold too cheap.
I think he got 6 mill shares plus cash plus a 2% NSR. The shares are worth ~AUD 2 mill recently - and if he knows that the land is fertile for Ta and Nb and Li + REEs as extras then he will be thinking 10 bags from here.
So it looks like a win win from my point of view.
Probably the most significant thing is that the vendor took shares. That point alone marks up the success expectation of the forthcoming exploration by a real margin IMO - any opinions ??Spot on Cookie - if the Ta proves as abundant as the NB we are really sitting pretty - but it is really scarce and critical for many uses.
Here is the top five producer countries -- and note Australia is not one but still produces enough for half of USA needs. Which are no doubt growing.
https://www.nasdaq.com/articles/top-5-tantalum-mining-countries-updated-2024
Anyway IMO it would be unwise to think our pegmatites would be more valuable for Ta ahead of Nb - but that remains to be seen.
There is a lot of work to do - more rock chips, leading to soil surveys and aircore drilling (to penetrate the cover and sample the bedrock) then mag overflys to identify the drill targets. A news conveyor associated with that will keep SUM on the hot plate (if not always at the boil)
DYOR - Not advice,
- Forums
- ASX - By Stock
- SUM
- Ann: High grade Niobium results from Equador - Brazil
Ann: High grade Niobium results from Equador - Brazil, page-354
-
- There are more pages in this discussion • 1,137 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SUM (ASX) to my watchlist
(20min delay)
|
|||||
Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $21.75M |
Open | High | Low | Value | Volume |
27.0¢ | 28.5¢ | 26.5¢ | $256.6K | 931.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14431 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 15634 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14320 | 0.265 |
3 | 31202 | 0.260 |
4 | 135800 | 0.255 |
2 | 44720 | 0.250 |
1 | 20000 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 15634 | 1 |
0.275 | 45000 | 2 |
0.280 | 80058 | 3 |
0.285 | 7500 | 1 |
0.290 | 170405 | 4 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
SUM (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online