Ann: Response to ASX Price Query, page-2

I have written about SUM a number of times.
SUM has some of the cheapest gold in the world at all-in sustaining costs of $745 USD per /oz.

Their forecast of Profit of $46.4M this year, whilst with gold in a bull market will see them achieve greatness this year. Their market cap is only $35M.

Yes they are forecasting a higher profit than their market cap!

If you take the ASX average of 13X earnings, there is a lot of upside.

research here - http://beerandco.com.au/.../SumatraGold_2015February12.pdf

Disclaimer: I have been holding SUM for about a year.


BTW, their response to the speeding ticket today is hilarious;

3. If the answer to question 1 is “no”, is there any other explanation that the Entity may have for the recent trading in its securities?

response - 3. As stated in the December 2015 Quarterly Report (ASX announcement 1 February 2016), the Company is continuing to ramp-up its mining and processing operations to full production.

i.e these guys are working towards their forecasted production!!


Worth a punt in a troubled market IMHO.