Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Interesting bit of news over on cusn about rare minerals demand and what government been talking about take a look ,and that's not a ramp just a suggestion for those intent on calling me
Gottcha Bitcoin:):),bit like someone knowing alot about mining rare minerals yet they only know about oil lol!!:):)
It was a joke Bubble....AB is in OZ.....Cannot travel
But it will in time.....
If you thats the case I'll take my 2:5p thank you
Must be negotiating a Redmoor JV .. over a hotel lunch … :))
wULF blade ..
Wilf blade beer dispenser … google got such
You will be having moretti for breakfast and buying more sml at lunch
A revelation … love it
Ab is in Cornwall , just popped up on Grinder , so Twitter says. :)))
Fira,not me just enjoying good old banter and a bit of pumping ,no harm in that ,maybe I don't understand a few things regards some types of mining but like probably 95% of people on here and cusn,we are here to make money ,no enjoy your day and keep watching all these buys coming in ,maybe see the share price rise soon ,what you think ??,ooh I bet s see a green post above mine soon :):)
Do you mean Wolf Blade the dark fantasy book series, if I wanted dark fantasy I could just read JP’s outstanding RNS’s.
Just a thought, are you allowed to use “AB” and the word “crook” in the same sentence :-))
Get yourself a Wolf Blade Gorsuch....Life is so much better when you have an ice cold pint of Moretti for breakfast...
Its a kin to a rent deposit...Weigh up the 2 year pay off with the interest....
Salt and vinegar peanuts.... Nothing...
Power of now...dont look back in anger ..
It starts today...now... not 4 years ago
https://youtu.be/r8OipmKFDeM
Have a little.... https://youtu.be/6Cs3Pvmmv0E
Sml is on the up....... JP having another read of the finance terms and conditions.... Gonna sign and fax it back..
AB is getting his tent ready , good clean up and his shepherds Crook....
~All ready for the off...
ATB
Bitcoinbuyer.
“The 3.7 aus $ deposit...is returnable so an asset”
It might be an asset for the S.A Government, because it’s going to be sat in their bank account collecting interest, whereas we have to borrow the money and pay a lot of interest on it, so surely until the debt is paid back it's a liability. Also it’s an environmental bond, so I would have thought rightly or wrongly, not until the mine ceases to operate would you get the bond back, that could be a lot of years down the road.
“This is where you earn or lose money...its a bet... and I am happy to have a good sized betting slip”
In which case people would have been wiser going to the casino, a simple bet on red or black would have been better, at least that way nobody has to wait 4 years, just to see if they will double or lose their money.
Morning SW... Fair overview... but....
Contractors are being used for LCCM with a 2 year funding pay back...
Copper prices ... Funding will arrive.... Lots of copper on the tenements and chance or a copper sulphide sysytem....
Exploration...copper / gold porphyry... Anything is possible... but plenty of pay dirt to go at
The 3.7 aus $ deposit...is returnable so an asset.
I would say its worth a punt at this money for LCCM alone...
Redmoor...what they say where there is tin there is tungsten.... and maybe copper... Exploration is required as you say ...
Will happen...soil samples are being taken... The current world class resource is open at depth and to the side...
All to play for with ESG uk batteries and materials... owes about 3m aus $ bargain....
I now hold exactly 20m shares and gonna keep hold of em for a few years.... average about .45p so better entry available now...
Kind of thinking this will hit 2 or 3p in the next couple of years.....
But agree sentiment is bad on the board and for many reasons its been a slow slow process..
But 2 ...100% owned projects and 1 profitable business...
This is where you earn or lose money...its a bet... and I am happy to have a good sized betting slip...
Battery materials......
https://youtu.be/UwWfE4DAyao
Are you invested here southwesterner?
This must be one of the few stocks with development assets in metals, whose price is essentially no higher now than at the height of the covid market crisis in March 2020.
Copper prices have more than doubled since then, and the value of LCCM on an NPV basis has hugely increased. Tin likewise has more than doubled. SML often claims to have substantial tin resources - they don't, and claiming things which arent true I don't think helps market credibility. Redmoor has a very small tin resource, it is primarily a tungsten resource. But even tungsten has appreciated recently. And magnetite prices should be positive too, so Cobre keeps ticking over and creating a bit of revenue - perhaps enough to pay the Directors generous compensation packages.
Anyway, to have not created any value over this period is quite astoundingly poor, and speaks to the level of confidence the market have in SML's ability to execute what they say. How well has this headline from over 2 years ago aged for instance; https://www.proactiveinvestors.co.uk/companies/news/312510/strategic-minerals-makes-significant-step-towards-full-scale-leigh-creek-production-12510.html - there are many more like that unfortunately in relation to SML's past.
I'd say LCCM is the current millstone around SML's neck, and there are real questions over the substance of the "feasibility level" study that was released to the market last November. This was the Study where the project funding requirement was reduced from $1.75m to $2.2m (an increase to most people). And now we know its really more like A$10m once you include the environmental deposit. And this "feasibility level" report is all by the company who are selling them the equipment, its hardly an a comprehensive or independent study.
They were getting debt, then a JV partner, then listing on the ASX, now debt again but more, and maybe listing on the ASX next year. It's all become a bit of a saga. Is anyone really going to stump up 100% debt for this project? Maybe at current copper prices, anything is possible, but it's certainly risky. This is more complex than loading a stockpile onto trucks.
So yeah, dismal performance since March 2020. And if we look further back it doesn't get much better. However has that now created a value opportunity? Market cap is £7m. It wouldn't take much to go right to justify that.
Cobre just about pays the bills, gives them some credibility, but probably wont ever do much more.
I think the chances of selling Redmoor for more than they paid is low. They talk a lot about tin, but they need to drill for it if they want to have it. Redmoor - as is, only has any value to Tungsten West - no one else can monetise it realistically. So a sale, or JV with them once they IPO is an absolute must if they want to create value from Redmoor.
So it all comes down to Leigh Creek. They have to do what they say - secure the permits and funding. Its that simple. SP is a bet on them delivering on this.