ENR and SUM are not peer comparisons.
ENR is a WA1 nearology play.
ENR had a market cap of around $100m+ based on other projects and before they drilled at West Arunta. They had some nice drills but wasn't consistent and now it has fallen back to $190m (remember, over $100m was based on other projects)
You keep using ENR as a peer comparison as it gives you the best opportunity to upramp, yet ENR has nothing in common with SUM.
Different jurisdiction and different mineralisation, but hey, whatever helps you ramp harder.
PNN is your peer comparison, adjacent lease with same jurisdiction and same mineralisation. Just not the market cap that helps you to ramp. Only $10m market cap lol
Estimate the value of SUM, page-11
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.81M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.0¢ | $21.13K | 129.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30344 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 7803 | 1 |
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| Last trade - 12.08pm 06/11/2024 (20 minute delay) ? |
| SUM (ASX) Chart |