SUM next WA1, page-1257

The issue with painting every rock chip story as a PnD risks missing actual discovery and WA1s timeline would now mean they need to secure funding and all the dirty details where usually the valuation will begin to slip for CRs etc so you'd have to ask what the risk v reward is to continue holding there where as SUM is at the beginning of its timeline at only 20m MC. Meaning we could find 1/10 the rescource size that wa1 did and we would still rerate and when you add all the factors including in house Sandro, the visual evidence of mineralisation etc it becomes a good punt here