SUM 0.00% 19.0¢ summit minerals limited

SUM Chart, page-1575

  1. 402 Posts.
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    ...1st...alot of Gold miners think that 2 grams of Gold per tonne of ore is good these days (with the much lower hanging fruit now gone).

    Gold is now approx. $133 AUD per gram, so around $266 AUD per tonne of processed ore (at 2 gram per ton)..

    If SUM is sitting at 0.10% Tantalum and 0.10% Nodium (but rock chips at approx. 20-30% Tantaulum and Nodium), then that comes out approx. $470 per tonne of ore (only 1 kg of Tantalum and 1 kg of Nodium). Twice as much as good Gold per tonne.

    Your thoughts???

    IMHO /DYOR
    Last edited by MicroNova2035: 06/09/24
 
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