IMO mining spec companies are generally very poor with following...

IMO mining spec companies are generally very poor with following and planning for macro trends. Commodities are extremely cyclical, always been supply and demand like everything in life. High prices encourages for supply to go up, low prices encourages for supply to go down.

Lithium for example is done for now, prices have fallen dramatically as a lot more supply and explorations have already occurred. Why waste anymore money on Lithium exploration for example, as its already a very saturated market.

Uranium on the other hand has supply issues which is why the uranium spot price have doubled over the last 12 months or so. The macro trend is for net zero emission targets and perhaps cheaper energy to bring down inflation and encourage growth. Uranium fits the bill, followed by the supply issues the biggest producers are having etc.

Great to have different projects which take time to obtain, but spec companies like SUM for example should focus time and money on minerals that is about to boom or starting to boom. Should be proactive rather than reactive.