Would like to point out a well rounded perspective of the exceptional value here for any newbie's scanning through this mob
Only 35m SOI - making this one of the lowest free floats on the ASX
T/20 - 64% - making it much tighter than it could be
Current m/c - $5.5m putting this at 2,259 rank out of 2,427, one of lowest m/c's on ASX
$3m in Cash - very healthy considering what they have achieved
They have been around less than 1 year - Floated 5 Aug 2022
Very Pro-Active Board not a lifestyle company
Elements covered - Lithium Li / Uranium U / Antimony Sb / REE's mostly magnetic one's
Antimony sells for $25k p/t which is astounding if you have lots of it
The properties of Sb are in a position where it cannot be replaced by other elements
They precisely expanded their REE land holding by 720% from 20sqkm to 160sqkm before next set of leach results are to be announced next week which was an indicator
Recent purchase of Morocco tenements have initial walk up drill targets for Antimony
Results so far of REE's is amazing - similar results to PSR valued @ $28m m/c
TREO - NdPr av grade 23.63%
All magnetic elements - NdPr + DyTb + Sm + Gd = 29.68% well above all other av grade mines globally
Lithium tenements - Located only 2.5km from BNR with same pegmatite structure (rocks showing 8.2% Li)
Bridgetown Tenements only 7km from Green Bushes being the Holy Grail mine for Lithium
When I was in my early 20's I worked on GB plant upgrade back then when they where focused on Tantalum mostly before there Li game started gaining traction which turned it into the most valuable Li deposit in the world but currently it is coming up to depletion stage and all the goliath's need to park their money elsewhere
Now Antimony is the most Critical Mineral for it's properties and because China & Russia control 75% of it
So it is guaranteed to have Supply Chain Disruption in the future making it even more valuable
All of this for $5m m/c
Leach results due in few days + current RC drilling of 1000m which won't take long to show deposit size increasing with this incredible grade / highly sought magnetic REE deposit
If they come back with a leachable Ionic Absorption Clay - "We could see a dramatic rerate" - Jonathon King
- Forums
- ASX - By Stock
- Oz's Most Critical Mineral
Would like to point out a well rounded perspective of the...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SUM (ASX) to my watchlist
|
|||||
Last
29.5¢ |
Change
-0.015(4.84%) |
Mkt cap ! $18.35M |
Open | High | Low | Value | Volume |
30.0¢ | 32.0¢ | 28.0¢ | $1.177M | 3.962M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 131150 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 53497 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 131150 | 0.290 |
3 | 185000 | 0.285 |
7 | 159102 | 0.280 |
6 | 220889 | 0.275 |
7 | 149965 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 53497 | 3 |
0.300 | 73333 | 3 |
0.305 | 73280 | 3 |
0.310 | 75000 | 2 |
0.315 | 73744 | 3 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
SUM (ASX) Chart |