Absolutely.
Especially when there are comments like this coming from a big partner in SUM's operations - Newcrest:
"Newcrest Mining managing director Greg Robinson predicted the lustrous metal would trade in a range between $US1500 and $US2500 over the medium term."
Would not surprise me if once SUM gets its gear going and producing gold that Newcrest come along with an offer we shareholders would struggle to refuse.
http://www.smh.com.au/business/gold-price-headed-to-us2500-newcrest-boss-20120202-1qurn.html
big news day, page-6
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $15.81M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 22.0¢ | $89.56K | 397.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 76042 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 8000 | 1 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| SUM (ASX) Chart |