SUM 7.50% 18.5¢ summit minerals limited

Who cares about an article written 60 Years ago? Work methods...

  1. 8,079 Posts.
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    Who cares about an article written 60 Years ago?
    Work methods and Technology have improved Massively !!!!

    Bit of an Off-Topic waste of time....

    We have one of the Top Niobium Experts in the World on our Team.

    No-One else knows as much as they do,
    And anyone elses opinion is worthless in comparison.

    Anyhow so far it looks like the value of contained Tantalum could be more than the Niobium in this case,
    And as mentioned Tantalum is generally the higher percentage in Pegmatite style deposits.

    Not to mention the Tourmaline.
    Which is a Game Changer !!!!

    As we know Tourmaline is worth a fortune,
    we also know Paraiba Tourmaline is worth even more,
    And we also know SUM's Ecuador project is in the Paraiba.

    Tourmaline could easily be worth Multiples of both the Niobium and Tantalum put together !!!!

    Tourmaline:
    "Prices of tourmalines are generally under $500 USD per carat but in the case of Paraiba can reach $50000 USD per carat"

    A carat is 1/5 of a gram,
    So Tourmaline can be worth up to $250 000 USD a gram,
    Which is $371 140 AUD a gram,
    Which is $371 140 000  AUD a Kg

    So $371 Million AUD a Kg

    Now multiply that by 1000 to get the price per tonne and we get:
    $371 140 000 000 a Tonne

    $371.14 Billion Dollars a Tonne !!!!

    That's right Paraiba Tourmaline can be worth up to $371.14 Million AUD a Kg !!!!

    Which is $371 Billion a Tonne !!!!

    Even the lower grade stuff not even from the Paraiba can be worth $500 USD a carat,
    $3 711 a gram
    $3 711 400 a kg
    Which is $3.71 Million a kg

    Which equals $3.71 Billion a Tonne !!!!

    So as we can see the Tourmaline could be worth an Absolute Fortune,
    And it wouldn't take too much to make us all rich....
 
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