SUM 2.70% 18.0¢ summit minerals limited

Grasberg Mine Indonesia

  1. 4 Posts.
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    ...isn’t this mine in the same arc of geological activity, same area, same country.

    I just wonder what’s going on with SUM. So much secrecy. Market doesn’t even get a drilling notice, just a casual mention in the quarterly. They are drilling right? Or have they issued shares to these guys for nothing. Where are the results? It’s been nearly a year since the other guys got involved. Talk about slow. And what about the proposed investment of 10mil into a used and old haggard mine that just manages to push out a few thousand ounces. And the guys already invested are loaded to the hilt in stock. Plus they also borrowed to the hilt to get into production.

    Somethings not right here. All this greed. All this secrecy. All this debt. For what?

    Must be fellas that we are looking at another Grasberg lol!
 
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Mkt cap ! $23.19M
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18.5¢ 18.5¢ 17.0¢ $49.09K 274.5K

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