SBUM is one of the few old Spokane Stock Exchange stocks still traded on the OTC- the rest converted to shells and sold, or didn't comply with the minimum OTC requirements. These stocks typically owned just mining claims, which hopefully they could lease out to larger companies.
The recent SEC rules passed give I think until September 30 to meet basic new disclosure requirements- thus many OTC Pink Sheet stocks not providing will be de-listed. Investors in Pink Sheet stocks in October will get some nasty surprises.
Thus, I assume the recent volume/price either (a) there has been some exploration recently on the property ( unlikely) (b) someone is nibbling at the stock as a potential acquisition/shell candidate, and trying to accumulate a block of free-trading shares, and more voting rights. (c) with silver price up any stock with Silver in its name artifacts buyers, and the float is so small ( and unlikely to increase in the short term based on history of this company) (d) major company in area needs these claims- last time this happened with IDLM stock it shot up form $.50 until Hecla acquired it at $10 a share.
I go with (b)and am a buyer under $1 unless volume goes much higher, with target $1.50 to $5.00. Trick is after acquisition announced, and before authorized shares increase to sell at that time.
Just my 2 cents.
