It's cheaper to mine in Brazil so actually SUM could get away with lower grades than an Australian equivalent and still be profitable.
Brazil is also much closer to major North American markets, cheaper shipping costs.
Technically SUM is an Australian ASX listed business so it will also benefit from being domiciled in a Western jurisdiction.
GLTAH
SUMO, page-397
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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 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| SUM (ASX) Chart |