Very happy with this! 22% to 40.84% Niobium as well as high grade Tantalum. Sandro definitely knew/knows this project has a high quality resource and was smart enough to partner up with SUM and include a 2% royalty.
Look forward to the further samples to come and then the drilling program.
With 68.685m shares (post raise total) and an even smaller amount free float to trade it's not difficult for this to move as we've already witnessed.
40c = $27.5m market cap
45c = $30.9m market cap
50c = $34.3m market cap
I've been in far worse stocks that sit at $30m-$50m market caps or ones that certainly don't have 40.84% Niobium....so a $40m - $50m market cap isn't out of the question, but it will need further results like this and from drilling to keep it sustained and push it even higher.
Going to be a big day and week!
Ann: High grade Niobium results from Equador - Brazil, page-69
-
- There are more pages in this discussion • 1,422 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SUM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $18.05M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.5¢ | 21.0¢ | $57.00K | 260.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 48095 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 26062 | 1 |
View Market Depth
| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| SUM (ASX) Chart |