SUM summit minerals limited

Estimate the value of SUM

  1. 70 Posts.
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    We can estimate from the following aspects:

    1 Grade: extremely good, more than 20 samples from different locations, each 3kg. Average

    35%Nb + 20% Ta + 4000ppm Nd + 590ppm Tb

    1Ta = 6Nb =13Sb

    mth reported the globally significant one hole drill result: 7m @144g/t Au + 1162g/t Ag

    To compete with this result, SUM will have drill result 1.21m. It is possible SUM can achieve this result as we can see several places have the potential. (Photos below) . We need be patient to wait the drilling results.

    2 Volume: all the samples are taken from various locations across 10km length tenement. A lot of photos and videos have shown the abundance. The on site manager and expert has reported in his article.

    3 Production: the cost of mining should be very low because the highly concentrated minerals and from surface. Easy access, water, and power. Modern technology + historical mining experience. Production will be started as early as next year.
 
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(20min delay)
Last
3.5¢
Change
0.003(9.38%)
Mkt cap ! $3.100M
Open High Low Value Volume
3.3¢ 3.7¢ 3.3¢ $2.751K 79.79K

Buyers (Bids)

No. Vol. Price($)
2 19963 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.8¢ 154183 1
View Market Depth
Last trade - 15.36pm 01/07/2025 (20 minute delay) ?
SUM (ASX) Chart
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