SUM only announced the binding purchase agreement to acquire the Brazil tenements
on the 23 April 2024
It has been less than 5 months since then.
SUM already completed Bulk Sampling,
Is doing Met work,
Has a Drilling Permit,
And a Mining Lease on the way.
WA1 however had Luni since August 2021
And only started drilling nearly a Year later in July 2022.
So one can see SUM is moving very quickly,
And has achieved all of the things mentioned within less than 5 months.
With Drilling Approval expected any day now,
And Drilling to commence very quickly after that.
So it was pretty silly to ask why SUM isn't drilling already,
When it took WA1 around a year to do so.
But yeah it's great that SUM has 30-40% rock chip grades everywhere,
And that it is from surface.
Beats having to do over 30Km of drilling,
Just to draw a picture....
Anyhow don't worry SUM is more a Tantalum play rather than Niobium....
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18.5¢ |
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Mkt cap ! $15.69M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.5¢ | $17.91K | 96.82K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3811 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 50000 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 3811 | 0.185 |
8 | 874854 | 0.180 |
4 | 591429 | 0.175 |
5 | 529099 | 0.170 |
3 | 27090 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 10000 | 1 |
0.195 | 17074 | 1 |
0.210 | 28237 | 3 |
0.220 | 73086 | 3 |
0.230 | 23127 | 2 |
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