Thanks for the kind words,
Looks like SUM is on the home stretch now !!!!
With much news-flow on the way.
I posted this in the STT Thread but will re-post here to so SUM Holders and,
Those interested can see it too:
VSR has had good gains lately,
It has very similar grades to SUM.
VSR $21.8M MC
‒ 78m @ 1,001 ppm TREO (23% Magnet REO) from surface (NEORB002)
incl: 52m @ 1,270 ppm TREO (24% Magnet REO) (from 21m)
incl: 12m @ 3,402 ppm TREO (25% Magnet REO) (from 50m)
with peak of: 1m @ 10,072 ppm TREO (30% Magnet REO) (from 55m)
‒ 40m @ 583 ppm TREO from surface (NEORC001) (21% Magnet REO)
SUM $5M MC
Stallion Rare Earth Element (REE) Project
Ionic Adsorption Deposit (IAD) potential with standout drilling results, including:
- STRC014: 23m @ 2,162.45 ppm TREO from 24m
- STRC012: 15m @ 3,088.84 ppm TREO from 39m
- STRC011: 17m @ 3,783.4 ppm TREO from 61m
- inc. 1m @ 1.52% TREO from 73m (1.52% = 15,223 ppm)
- NdPr, average of 23.63% - (NdPr is Magnet REE's)
- The combined ratio of the highest value, critical magnet metals: NdPr, DyTb, + Sm, Gd, and Ho, averages 29.68%.
SUM also has the potential to be an IAD Deposit,
IAD REEs are recovered by a dilute electrolyte solution such as ammonium sulphate solution and
precipitated by oxalic acid solution. Because the mining and recovery processes are simple and inexpensive,
REEs are commercially produced from low-grade (typically up to 2000 ppm REE) weathered clays.
SUM's Stallion project is different
(Lynas, Dreadnought, Hastings, and Kingfisher are all either alkaline (phosphate) or ironstone deposits)
putting Stallion in a different economic class.
It is cost effective and can be mined from far lower grades.
Newsflow on the way with:
Drilling
Rock Chip and Soils
Leach test results
All expected shortly.
It is also Cashed up with $3M Cash !!!!
With a $5M MC and Peers with far higher Market Caps, +
Newsflow on the Way
SUM is undervalued compared to its Peers
And has a lot of Potential Gains.
It is also near:
PLS $14.36 Billion MC
MIN $14.2 Billion MC
AKE $9.4 Billion MC and
Talisons estimated $50 Billion MC?
This leaves a lot of potential upside for SUM !!!!
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- SUM
- Ann: Stallion Phase 2 drilling is scheduled for mid-May
Ann: Stallion Phase 2 drilling is scheduled for mid-May, page-64
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Last
20.5¢ |
Change
0.015(7.89%) |
Mkt cap ! $14.73M |
Open | High | Low | Value | Volume |
19.5¢ | 21.5¢ | 19.5¢ | $373.9K | 1.827M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 52382 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 20860 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 52382 | 0.205 |
1 | 10000 | 0.200 |
3 | 30460 | 0.195 |
1 | 5000 | 0.190 |
3 | 419634 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 14305 | 1 |
0.220 | 64564 | 5 |
0.225 | 59000 | 2 |
0.235 | 86330 | 3 |
0.240 | 50000 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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