Why is 30c a target? I don't disagree, it's a nice whole number...

Why is 30c a target? I don't disagree, it's a nice whole number sure, but it's a random market cap value of $14.29m....

Charting persepctive looks very bullish and you could use Fibonacci Extension for potential targets.

Fib targets are: (based on undiluted shares on issue of 47,657,127)

21.39c - $10.19m Market Cap
24.62c - $11.73m Market Cap
26.07c - $12.42m Market Cap
30.75c - $14.65m Market Cap
35.43c - $16.88m Market Cap
38.32c - $18.25m Market Cap
43.00c - $20.48m Market Cap - Personally I like to see $20m Market Caps as a starting base once a project is acquired, works have started and then the company need to prove up with the drill bit for it to go beyond.

Haven't even reached outrageous market cap values yet that you see posted on all other stocks when people come in spruiking a share price and not understanding market cap/shares on issue/share price relationship.

At least 30c is actually very mild, if SUM had 500m shares on issue like most other explorers then the 30c target would be ridiculous, but it's not.

A $1 target would be silly at this time without any results but a $20m to $30m market cap isn't out of the question, it would need good results to sustain it there though, otherwise poor results will see it drop back to the $10m market cap like a lot of other explorers have seen or could go on and hit $60m-$100m market cap like M4M/RDN/RCR etc. have done recently, comes down to results and the quality of the acquisitions being looked at by SUM right now.