Undervalued based on cash balance, current projects/tenements and comparison to peers.
It's all speculation with the majority of miners not in production. You're buying based on the business finding/confirming a resource and potential future value.
If they confirm to have nothing/all tenements are dusters then 5c would be overvalued.
SUM is fully funded for a decent drill campaign, are finalising the acquisition of the neighbouring tenement, have no shortage of trace Niobium at surface and days away from having a drill permit.
If there's any decent Niobium deposits to be found in Brazil for 2024, SUM surely has a ticket in the race.
GLTAH
Undervalued based on cash balance, current projects/tenements...
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Last
24.5¢ |
Change
0.030(14.0%) |
Mkt cap ! $20.10M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 24.5¢ | 21.5¢ | $109.9K | 479.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 97000 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 53268 | 1 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| SUM (ASX) Chart |