Ann: Strategic Expansion of the Stallion Uranium Project, page-158

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