Well if you use facts it is easier: Bulk Sampling and Drilling...

Well if you use facts it is easier:

Bulk Sampling and Drilling approval is expected within weeks:

From Yesterdays 23/07/24 Announcement:

• The Company continues to focus its efforts on an expedited initial drilling program
to validate the quality of the Project and anticipates receiving permits
for the proposed trenching and drilling programs in the next few weeks

• Summit is now fully funded for its proposed drilling campaign following its recent Capital Raise.

So take ENR for example,
Which hit around $272M MC on drill results,
Gaining 94% or more in a day,
then going on to a $400M MC.

ENR now has a $284M MC
SUM has a $13.65M MC

Meaning SUM has to rise 20.8 times is current MC,
To have the same Market Cap as ENR has now,

Or 29.3 times to reach the $400M MC ENR went on to hit.

That gives a lot of potential upside.

SP would be around $3.50 to $5+

That also explains options trading at a premium,
Drilling permitting is already underway.

With permitting expected within weeks.

Peers rose significantly on Drilling,
As well as on Drill Results,
One would expect the same for SUM.

WA1 went to $1.2 Billion on an Inferred MRE,
WA1 now has a $1.05 Billion MC

77.43 times SUM's current MC

So that's really the facts showing peer comparisons,
Showing that there is plenty of potential upside.

As well as there is  plenty of News,
Assays, Magnetic and LIDAR surveys and
Drilling on the way which should see a significant re-rate....