Hi @ozblue
Good to see you here. I am holding SUM and SUMO as a high risk high reward punt. Hopefully it might just do a WA1 style run some days if drill results turn out to be positive.
I don't know much about Nb/Ta pegmatites but in lithium pegs, let's just use WR1 as an example. Pre drilling of their Adina asset, they were consistently finding 3-4% Li rock chips in their peg outcrops. After a intensive and comprehensive drill program, they successfully defined a MRE of 77.9Mt @ 1.15% Li2O.
Is lithium comparable to Nb/Ta? Probably not. But getting double digit % of Nb and Ta from rock chips, some might argue that is selective sampling but even then, selective sampling is still yielding double digit %. What does that mean? Is it possible to get duster drill results when you have double digit selective rock chips? I don't know, but hopefully someone with more knowledge than myself can answer this question.
But the rock chip program will lead nicely into a major drill program, which should be announced in due time.
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Hi @ozblue Good to see you here. I am holding SUM and SUMO as a...
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29.5¢ |
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Mkt cap ! $18.35M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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