SUM 0.00% 17.0¢ summit minerals limited

I think purchasing SUMO should be based on ones risk...

  1. 584 Posts.
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    I think purchasing SUMO should be based on ones risk tolerance....

    Yes, on paper heads make more sense.

    But, if someone has a high tolerance for risk, it makes alot more sense for them to chuck 10k on options rather then heads??

    Realistically 50c on a solid drill campaign is not a dream away...

    Current Price
    $10,000 / .19 = 52631 Heads
    Or
    $10,000 / .06 = 166666

    Projected 50c
    52631 * .5 = $26,315.5
    Or
    166666 * .25 = $41,666.5
    Or for the people who will say Oppies lag behind
    166666 * .20 = $33333.2

    And this is only amplified further. So, it’s clear that this relates to one's risk tolerance, and the fact that people are investing based on speculation already indicates a relatively high tolerance for risk, in my opinion, of course.
 
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