Ann: Soil Geochemistry update at Phillips River Lithium Project, page-39

It's definitely interesting times for SUM. Market Cap is the main figure to watch, IMO. Newcomers quite often get hung up on share price due to not understanding how a share price comes about (market cap / shares on issue).

We are currently at around 17M MC (without the options). I prefer leaving the options out of the picture until they have been exercised because they do have the potential to expire and become invalid in regard to MC. Although if SUM continues to do well, they will be exercised and will increase the MC but also increase cash on hand.

Off your calcs;

100% increase = 59c SP & 34M MC
200% increase = 88.5c SP & 51M MC
300% increase = $1.18 SP & 68M MC

etc..

When you look at the market cap, the large share prices don't actially seem that large. Your 125% increase is only really a 38M MC, so very small in the overall ASX and mining stocks. To get towards the 100M MC+ range, I would expect that we need to see a drill program and good results outside of rock chip samples.

This is all just my opinion. Everyone should do their own research and take what others say on HC with scepticism.