Yes, You are correct the strike appears to extend the entire 4km,
And looks to be the near the full width of the Tenement,
Though even 500 metres would be good.
The East side looks to hold a lot of the Darker material,
And seems to be a natural dip where the Niobium and Tantalum may be concentrated.
Pretty sure there is a pic from the tenement,
of that somewhere on here.
SUM recently had it's tenement used in other stocks promo images.
It also showed that the Niobium grades continue all the way to the South of our Tenement,
And even further in width as well,
As the other co drilled near the Southern end of SUM's Tenement to the East of SUM.
So far it looks like the Strike extends 4k long, and is at least 500 metres wide. (if not wider)
It is also from surface so even at 50 Metres depth would exceed the value
of another stocks deposit that went over $1.2 Billion MC.
SUM also has Tantalum,
And even at 0.2% of both would have the same value as 1% Niobium.
For example just 1% grade of both Niobium and Tantalum,
Would see the Value of SUM's deposit be worth 5 times as much per Tonne,
SUM doesn't need the same size deposit to have the same value of contained material.
Though if it does it would worth at least 5 times as much given the Tantalum grades.
![]()
- Forums
- ASX - By Stock
- SUM
- Ann: Lidar Survey to commence at Summit's Equador Niobium Project
Ann: Lidar Survey to commence at Summit's Equador Niobium Project, page-23
-
- There are more pages in this discussion • 19 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
|
|||||
Last
25.5¢ |
Change
0.035(15.9%) |
Mkt cap ! $20.92M |
Open | High | Low | Value | Volume |
22.0¢ | 26.0¢ | 22.0¢ | $263.0K | 1.073M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12852 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 37748 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12852 | 0.245 |
3 | 119896 | 0.240 |
2 | 38000 | 0.235 |
2 | 90000 | 0.230 |
1 | 5000 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 37748 | 1 |
0.260 | 94094 | 5 |
0.270 | 65000 | 2 |
0.275 | 13370 | 2 |
0.285 | 38357 | 5 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
SUM (ASX) Chart |