SUM next WA1, page-889

Will post this here, more appropriate

For comparison, this is how SLM played out in Brazil - anything can happen. They were $10m market cap and ran to $100m cap very quickly on just 1 potential lithium tenement which had spodumene rock chips at 4%

15/2/23 - Acquires Brazilian Tenements. Price 10c and market cap $10m
31/5/23 - Acquires Jaguar Lithium Project. Price .28c & market cap $17m
08/6/23 - CR @ 55c for $8m. Price 80c & market cap $59m with 74m SOI
23/6/23 - Drilling commences. Price $1.01 & market cap $74m
03/7/23 - Share price $1.31 & market cap $97m
04/7/23 - Share price $1.34 & market cap $99m
05/7/23 - Share price $1.34 & market cap $99m
06/7/23 - Share price $1.33 & market cap $98m

07/6/24 - Share price 9.9c & market cap $9m
No doubt a wild ride for SLM holders and their market cap is exactly where it was when they acquired the Brazilian tenements.

SUM is basically sitting at the same levels where SLM was on 31/5/23 when they acquired the Jaguar Lithium project. In fact, 3 days after acquiring the project, the share price ran from .28c to 59c and then went into a TH for the 55c CR. SLM ran to $59m market cap 3 days after acquiring a project with lithium rock chip assays,

You could argue given the potential multiple prospective projects SUM has, the share price is still relatively low at $20m market cap. Could very easily be double at this stage if you compare the SLM frenzy of 2023. So anything could happen next week if positive news drops.