https://x.com/i/status/1795233280750473232
What remains stuck to the walls and roof of that digger's adit is valuable info, but what was taken away and sold is vital - will only get that info for sure by drilling into a fresh pegmatite.
Meanwhile the rock chips assays, if ASX allows them, will be a good measure since our M.Cap is so small. The potential upside is astronomical.
Many here have commented on WA1's Cap of $1 billion - and compared it to SUM's. But if you calculate out the value of the high grade portion of WA1's Luni discovery (I have posted details) you get a mined and processed value of the Nb2O5 at Luni of > $100 billion < $200 billion. Aprox.
That shows us what a Nb mine could be able to produce and why its 'game on' for the canny investors and traders. But there is a long way to go yet - and IMO WA1 has just scratched the surface in West Arunta.
DYOR and dreaming.
SUM next WA1, page-1039
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Last
26.0¢ |
Change
-0.015(5.45%) |
Mkt cap ! $22.34M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 26.0¢ | $149.7K | 565.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 36869 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 10000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SUM (ASX) Chart |