The exuberance of the promoters. Speaking like a minable resource is a given and quoting prices of elements.
This is 1st step exploration, how long before they could define a minable resource? How many cap raises?
How many 'exceptional and the like' Rock chips samples lead to a mine.
Less than 1 in 100, imo.
But again, that Said, I think it's Worth a punt but let's be a bit realistic about where SUM sits.
SUM Images of what SUM has, page-46
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.11M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 18.0¢ | $130.3K | 678.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35400 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 20000 | 1 |
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| Last trade - 15.43pm 09/10/2024 (20 minute delay) ? |
| SUM (ASX) Chart |