SUM 5.88% 18.0¢ summit minerals limited

Ann: High grade Niobium results from Equador - Brazil, page-908

  1. 360 Posts.
    lightbulb Created with Sketch. 127
    Hey JustLooking888,
    I agree, that was pretty conservative. I think the strike will increase to beyond 2km once the southern assays arrive. But from there the strike will still be open well to the south, so could go way betond that as well. The reality is, the possibility of a $1 Billion MC certainly exists, in which case we could (excluding dilution/excercising option etc.) could see an approximate 30 fold increase from here. That is alot of potential...That is somewhere around $15 per share! Seems impossible perhaps...until you remember companies like Chalice went from an MC of around $10m to $3 Billion! I would be quite happy with just the 1 Billion...but admit that $3 Billion would still be better...if possible
    That would then be an approx. 100 fold increase and push us to around $45 per share (excluding dilution/excercising options etc). Let's hope...you never know!
    All the very best JustLooking888. Lets hope we continue to surge!!!
    Cheers MicroNova2035

    DYOR / IMHO
    Last edited by MicroNova2035: 18/06/24
 
watchlist Created with Sketch. Add SUM (ASX) to my watchlist
(20min delay)
Last
18.0¢
Change
0.010(5.88%)
Mkt cap ! $12.93M
Open High Low Value Volume
17.5¢ 18.5¢ 17.5¢ $50.12K 277.5K

Buyers (Bids)

No. Vol. Price($)
1 24999 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.5¢ 100000 2
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
SUM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.