At the end of the day, a JORC resource is exactly that. And anything less than that is always an estimate. I'm sure SUM is not dropping a JORC resource on Monday.
So we can assume whatever we want without drill results and JORC resources.
If retail wants to go for a ride on the back of some exciting rock chips, then so be it. Its not wrong or illegal, as long as the testing criteria that was used is clear. If the report on Monday discloses that the rock chips hand picked were awesome, then so be it.
This Miramar post looks like a spit by someone who couldnt get it right, and someone who has spotted some competition.
Lets see how the results are submitted on Monday, before passing judgement. We might find the wording describes the way the results are actually determined.
Meanwhile, if everyone wants to maintain that other Niobium exploration companies are running at $1B evaluations and are overbought, and SUM is running at $28m and overbought, then so be it. Thats why I bought.
Fun times on Monday. Good luck.
At the end of the day, a JORC resource is exactly that. And...
Add SUM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.10M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.5¢ | $14.13K | 80.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3574 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 31098 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SUM (ASX) Chart |