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You know that you can hold both RR1 and SUM right? No need to...

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Evil76

249 Posts.

74

13/06/24

16:24

Post #: 74301513
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Originally posted by GeoPacker: ↑

Interesting results here but i cant help but favour SUM as the best niobium play on the ASX at circa $18m market capitalization

If you compare the rock chip samples from the RR1 announcement today to the rock chip samples from SUM, i see a huge difference

RR1 SAMPLE:

SUM (comparison)

Other key differences:
SUM projects are located in Brazil, the country which has the most niobium in the world. Brazil is also a friendly mining jurisdiction with low costs which is good for economics

Theyconfirmed 1.2km worth of strike. Huge ground that has mineralisation on surface wide apart. That will likely increase as there are futher samples pending assays

They confirmed multiple new potential pegmatites

They confirmed multiple artisanal mines (historical local mining at surface with chisels and shovels). They will be the first to drill this land to find out what's below. The minerals are clearly visible outcropping everywhere

All for circa $18m market cap

Stuart Peterson is the geo who played a big role in GL1's "Manna" discovery

GLTAH

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You know that you can hold both RR1 and SUM right? No need to play them off against each other.

RR1 Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
15 Upvote

0 Great analysis

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Last 1.4¢		Change 0.002(16.7%)		Mkt cap ! $12.24M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.2¢	$32.16K	2.436M

Buyers (Bids)

No.	Vol.	Price($)
1	75000	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	30000	1

View Market Depth

No.	Vol.	Price($)
7	1373602	0.011
18	2598294	0.010
6	2773547	0.009
6	1530074	0.008
9	3956564	0.007

Price($)	Vol.	No.
0.014	30000	1
0.015	1419479	6
0.017	551842	3
0.018	366694	3
0.019	729303	6

Last trade - 15.59pm 04/11/2024 (20 minute delay)

RR1 (ASX) Chart