It feels like the more we go up, the cheaper we look!
Lets see:
1. Uranium: CXU has an EV of approx $49 milion AUD $51m MC less around $m cash) with around 30 million pounds of Uranium. We have approx. one quarter of that (7 million pounds), so that alone could be worth around $12 million AUD.
Uranium is approx. USD $87.3 per pound or approx. $133.73 AUD per pound. The quarterly mentions extraction costs of around $15-25 per pound, so quite alot of margin potential!
2. Cash: Approx. $1.6 million AUD.
3. Brazil REE, Lithium, Niobium: Early indications indicate the potential for GIGANTIC resources. Cheap to drill in Brazil. Good results could see a mind blowing surge in the SP and MC! Plus picked up for an extremely low price.
4. Phillips River: Potential for good Lithium results pending.
5. Stallion REE: Huge surface area of around 5-6 square kilometres of 5-6 million square metres. Shallow deposit, with the host ore around 30 metres thick. So total host of around 150-180 million cubic metres. Waiting on REE, but if we assumed 0.33% REE, then that would be around 500,000 tonnes of REE. Sure, just a guess, but the MRE (Maiden Resource Estimate) is due.
6. Castor Bay: No good for Lithium, but excellent Gold and Copper hits and those two commodities are booming!
7. Market cap of around....$7.4 million...oh! What happened there? Market rerate imminent. Coming in hot!
Al the best.
Cheers
MicroNova2035
IMHO/DYOR
- Forums
- ASX - By Stock
- Ann: Quarterly Activity and Cashflow Report
It feels like the more we go up, the cheaper we look!Lets see:...
-
- There are more pages in this discussion • 23 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
19.5¢ |
Change
0.010(5.41%) |
Mkt cap ! $8.817M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 19.0¢ | $131.2K | 677.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 179757 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 143865 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 254177 | 0.190 |
3 | 105886 | 0.185 |
6 | 1148377 | 0.180 |
2 | 550000 | 0.175 |
4 | 737647 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 150000 | 5 |
0.200 | 293715 | 2 |
0.205 | 129456 | 4 |
0.210 | 28534 | 3 |
0.215 | 36248 | 4 |
Last trade - 10.13am 21/05/2024 (20 minute delay) ? |
|
|||||
Last
19.0¢ |
  |
Change
0.010 ( 1.20 %) |
|||
Open | High | Low | Volume | ||
19.5¢ | 20.5¢ | 19.0¢ | 1795120 | ||
Last updated 10.28am 21/05/2024 ? |
Featured News
SUM (ASX) Chart |