25 years and you haven't realised markets are 'forward' looking, hence the term 'speculative'. If we all adopted your 'model' then Sum would be worth $0 because the resource isn't indicated. You play your conservative game, tinker with your black scholes models, wait for the drill results, then enter if you choose, but should there be a decent resource you'll be entering at significantly higher multiples than we are. Don't force your investment approach on others. I for one am quite comfortable paying a premium now on the potential of this project.
SUMO, page-344
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $13.81M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.0¢ | $16.53K | 101.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 291612 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 27857 | 4 |
View Market Depth
| Last trade - 11.05am 06/11/2024 (20 minute delay) ? |
| SUM (ASX) Chart |