SUM 0.00% 17.0¢ summit minerals limited

Market is crazy - not just SUM which has no right to be down,...

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  1. 10,753 Posts.
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    Market is crazy - not just SUM which has no right to be down, even 2%. Is it risk off across the board, or thinking caps off ??

    Now to business - that auger drill to collect 'bulk samples' is not looking at pegmatites, but rather the weathered ground surrounding them - what does that mean?
    Is it because the soils might lead to pegs at depth, or even that the whole bloody valley is mineralised - to modest but payable grades?

    I reckon SUM's brains trust would have sat down and had a really good thinkies about the geology, the metallurgy and the mining!
    And we could be in for a big surprise.

    I reckon - and really I know nothing - the augers will tell them where to do the trenching - the stuff from the trenches will tell them about the metallurgy (to concentrate the main products) and all that will tell them where to place the drills.

    Weekly volume only about 2 mil. Would take a while to build a position - I rotated out of heads into oppies (and got caught with pants down) but as the heads appreciate the oppies will go for broke - only 3x leverage atm, but in a few weeks (months) that will be history dyor.




    Last edited by JandJ: 05/09/24
 
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