Totally agree dysone. Here is a quick comparison:
1. CXU has an EV of approx. $57m (MC of around $60m less $3m of cash). They have around 30 million pounds of Uranium = approx. $1.90 AUD per pound.
2. SUM has an EV of around $2m (MC of around $4m less $2m of cash). We have around 7 million pounds of Uranium = approx. $0.29 AUD per pound.
If we were trading at $1.90 per pound (as per CXU), that wouod push us to around $13.3m, just for the Uranium. Then you would add back our cash of $2m, and you get an MC of around $15.3 m.
Plus add on potential Uranium upgrades at Stallion
Plus add on our REE and Potention Lithium at Philips River
Plus Castor Bay (although written off for Lithium, did have some good GoldCopper hits), so some potential maybe.
All this could push us alot higher and not impossible to imagine a $20m MC.
All the best.
IMHO / DYOR
- Forums
- ASX - By Stock
- SUM
- Ann: Strategic Expansion of the Stallion Uranium Project
Ann: Strategic Expansion of the Stallion Uranium Project, page-158
-
-
- There are more pages in this discussion • 19 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
|
|||||
Last
21.5¢ |
Change
0.015(7.50%) |
Mkt cap ! $17.64M |
Open | High | Low | Value | Volume |
20.0¢ | 22.5¢ | 20.0¢ | $45.84K | 222.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49264 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49264 | 0.210 |
2 | 47200 | 0.205 |
6 | 42523 | 0.200 |
3 | 25258 | 0.190 |
4 | 61874 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 30000 | 1 |
0.225 | 99862 | 2 |
0.235 | 19255 | 2 |
0.240 | 25000 | 1 |
0.245 | 50828 | 1 |
Last trade - 15.59pm 30/08/2024 (20 minute delay) ? |
Featured News
SUM (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online