SUM 2.17% 22.5¢ summit minerals limited

Current and future price predictions, page-44

  1. 8,043 Posts.
    lightbulb Created with Sketch. 1079
    That is what the value of Paraiba Tourmaline can be,
    I never said we would find a tonne of it,
    Nor did I put that into the valuation.

    The point is that they have Tourmaline there and it's in the Paraiba
    And as such it has significant value.

    Just 2.7 kg of top grade Paraiba Tourmaline is worth over $1 Billion.

    So it really doesn't take much to make a significant difference
    to the value of what is in the Ground....

    It has significant value which makes mining more viable,
    With only a small amount required for a very significant difference,
    Of what each Tonne of material is worth.

    It really should be factored in,
    As they would do when doing an MRE,
    or working out the economics of any project....
 
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