I would not be surprised if large number of SUM investors start...

I would not be surprised if large number of SUM investors start to hedge their bets after the latest acquisition of PNN or even move to PNN as it provides the same exposure for half the price.

Many had blinkers on that SUM had better ground and other ideas but in reality prior to the last acquisitions both companies had confirmed samples of the same material and the only difference was that PNN had bigger ground. Despite this PNN dropped back to 8c which was an absolute gift to anyone that took some at that level.

Now with the latest acquisition from an investment perspective I think PNN has the upper hand, look at the photos below which show large scale mining has been taking place on PNNs ground. When you compare that to other photos of SUMs existing workings I think it shows that PNN has just moved significantly ahead.






Comparing Market Caps I personally think it shows how massively undervalued PNN is when you compare it to SUM

Some will include options when comparing and really SUMs should be included as they are in the money but just to keep it cleaner

SUM - 84mil shares @ 27c =$22.68m Mcap
PNN - 110mil shares @ 12c = $13.2m Mcap

So in theory it would be possible to sell SUM at 27c and put that into PNN to nearly double their exposure to the area.

Should PNN be nearly 50% discount to SUM? I don't think it should be.

PNN options expire 2029 with SUM options expire 2025

I think there is a lot to like about PNN and in my view has more upside to it.