Ann: Trading Halt, page-113

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09/07/24

10:40

Post #: 74667519
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Originally posted by $$$$$$$$: ↑

It's really only the last Drill Results that got any decent grades for ENR....

Before that they only had fairly average results,
many were just 0.54% Nb205 0.6% Nb205
and only one decent result of 4m @ 3.8%.

But as we can see:
SUM's MC $18.35M
ENR's MC $387M

Also it was on the last drill results that ENR went up 94%
to 63c giving it an MC of $272M.

It is now $387M MC.

Point is SUM has 21 times it's current MC,
To have the same valuation of it's peer ENR.

SUM is in a better location,
Closer to Amenities, Roads, Workers, Water, etc.

SUM also has Tantalum which is worth even more than Niobium,
And Tourmaline which can be worth and absolute fortune.

SUM has Multiple Projects,
Where over 80% of Worlds Niobium actually comes from !!!!

SUM will be doing Bulk Sampling,
Drone and LIDAR Surveys,
And Drilling.

ANY Decent result Should see SUM catching Peer Valuation fast,
and I am not even saying it needs to be a drill result.
But could be but not limited to Bulk Sampling Results,
Survey Results Etc.

To catch Peers is 21 Bags or more....

So that gives a lot of potential Upside,
In a very quick Timeframe.

Looking forward to Bulk Sampling and Drilling,
As well as more Tourmaline,
Which would be a nice bonus,
And some extra Icing on the Cake !!!!

Expand

Will they be hand sorting out the dark minerals for the bulk sample?

SUM Price at posting: 29.5¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

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