SUM is nothing like CDR
The geology is totally different
They cherry picked samples and the best they got was 6% in a location that is not known to host niobium
We have multiple samples up to 40% very high grade and wide apart in a location that supplies the world's niobium. It's like exploring for lithium in the Pilbara vs Victoria. Odds are better in the Pilbara. Same goes for SUM. We are in the location that hosts the most niobium in the world
The geology is correct, the location is correct, and the minerals are outcropping and in our face (see the company's twitter account for videos and photos)
In the photos and videos on X you can see the minerals are literally outcropping everywhere.
In addition to that, they identified MULTIPLE artisanal mines in different locations. These are makeshift "mines" dug out with shovels where locals would have been selling the minerals from surface using picks and shovels back in the day. They were clearly mining something and making money selling it
If SUM are cherry picking samples, boy do they have a lot of options to choose from (the stuff is everywhere)
Current strike is 1.2km but that will likely increase with the pending assays due soon
For circa $18m market capitilazation, where these deposits if economical in size are worth north of a billion, the RvR is certainly in our favour and would be life changing if successful.
GLTAH
DYOR IMO
- Forums
- ASX - By Stock
- Ann: High grade Niobium results from Equador - Brazil
SUM is nothing like CDRThe geology is totally different They...
-
- There are more pages in this discussion • 1,179 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SUM (ASX) to my watchlist
(20min delay)
|
|||||
Last
23.0¢ |
Change
-0.020(8.00%) |
Mkt cap ! $13.99M |
Open | High | Low | Value | Volume |
23.5¢ | 23.5¢ | 22.5¢ | $447.7K | 1.941M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 306299 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 25290 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 316299 | 0.230 |
3 | 352444 | 0.225 |
5 | 122775 | 0.220 |
4 | 61034 | 0.215 |
3 | 65976 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 37026 | 5 |
0.240 | 62553 | 3 |
0.245 | 30000 | 1 |
0.250 | 39299 | 2 |
0.255 | 36000 | 1 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
Featured News
SUM (ASX) Chart |