Member Info for bluegrass

Pinnace please bear in mind that the SP has risen 121% in last month. We have started to rise again after falling for past 3 days, so consolidation hopefully over. So I am more than happy. Not expecting straight lines. If you were wondering whether you made the right choice look across at TUN which fell again today by 11.64%.

I think the management have been very clever here. It underpins the SP base at 3.5p and gives confidence going forward and already seems to have stopped the rot in the share price from the last couple of days. I have no problem at all with the terms of the options given. The price is fair and the timescale provides a good incentive. If SML makes me a lot of money I am happy that the directs do well also. This is no skin off my nose.

Looking at the late reported trades today, it seems besides a few which are obvious sells, there are plenty that are happy to buy, mopping up what ever is available.

Despite having criticised those that have compared SML with TUN and I have answered that the companies are very different propositions apart from them being geographically near each other and both having an interest in tungsten. I have to admit there is a remarkable correlation between the share price movement of the two companies over the last 5 days. I can’t really explain why this would happen, maybe someone else can. On the plus side I think there is something mutually beneficial which raises the profile of the mining sector in the southwest by the amount of activity now happening. It is getting us noticed and that is important.

There seems to be a lot of doubt and worry on the board toady. I would suggest that this is because the share price has risen so spectacularly since the middle of January and we are now getting people that have taken profit. Those that have sold are more than happy to encourage doubt so that they can rinse and repeat. This is not a criticism, it just how things work. It's got nothing to do with the fundamentals of the company. Accept it buy in on the drop and move on. At some point this will jump back up again.

If you believe AI it seems that Tungstenman is correct in quoting 13p from SP Angle.

Another Question to AI. what is sp angels valuation for sml?

Specialist sector broker SP Angel currently values Strategic Minerals Plc (SML) at 13p per share for its Cornish assets alone.

Key Valuation Details

Cornish Asset Focus: The 13p valuation is specifically attributed to the Redmoor Tungsten-Tin-Copper Project in Cornwall.

Conservative Basis: This figure is derived from a Net Present Value (NPV) analysis using a 12-month rolling average for tungsten prices, which is considered conservative given recent exponential price increases.

Total Portfolio Value: Market discussions suggest that including other assets like Cobre (New Mexico) and Leigh Creek (South Australia) could potentially drive the total valuation toward a £300m market cap, significantly higher than its early 2026 market capitalisation of approximately £83m.

Future Re-rating: Analysts and investors anticipate a further upward revision following the release of a new Mineral Resource Estimate (MRE) expected in early 2026, which may incorporate higher updated metal prices.

Would you like to see the latest drill results from the Redmoor project or more details on the Cobre operations?

Not sure if this helps you. But from AI

SP Angel's 13p valuation for Strategic Minerals (SML) is primarily based on a Net Present Value (NPV) analysis of the Redmoor Tungsten-Tin-Copper Project in Cornwall.

The key components of their calculation include:

Asset-Specific Valuation: The 13p figure is derived specifically from the Cornwall asset (Redmoor) alone, excluding other company interests like Cobre or Leigh Creek.

Projected Market Cap: The valuation implies a projected market capitalisation of approximately £300m to £350m.

NPV Discounting: Community analysis suggests the 13p target represents roughly 35% of a projected £1bn NPV for the Redmoor project. This is standard for junior miners at the Mineral Resource Estimate (MRE) or Preliminary Economic Assessment (PEA) stage to account for financing and permitting risks.

Conservative Commodity Pricing: The calculation used a 12-month rolling average for Tungsten prices, which was noted as being significantly lower (approx. $600/mtu) than the recent exponential spot price increases.

Data Coverage: This 13p figure was formulated before all drilling results were finalized; some estimates suggest it only factored in roughly 50% of the drill results from specific pads.

Would you like to see how the recent Redmoor drill results or updated Tungsten prices might impact a revised valuation?

StockInvestUS says.

Certainly don’t buy and sell based on what StockInvestUS or you will come unstuck.

Tatt, the problem with sites like StockInvestUS is that I think they are AI generated and it is debatable how much use they are for shares like SLM which is very much news generated and fast moving. I have been looking at the StockInvestUS on this over the past few weeks and it does not really reflect the share movements in any way whatsoever so ever. With SLM to me it is clear that this is on an upward trajectory, there are no major negatives. If you believe in the storey stay strong. I have not sold any since low 1’s and that was clearly a mistake. There will be ups and down but that is caused by some top slicing and also traders trying to get selling momentum started after a rise. Stay strong.

I know nothing about OMI which was referenced, but if you AI the results of the MRE it says a lower than expected volume was reported, rather than the high end speculation. Probably why there was a price correction.

Yes think the MRE here will be a major upgrade and tungsten continues to build in price. We will also have continuity in that SML are working on the PFS which is being fast tracked and is fully funded.

Wouldn't worry about it muldoon nothing goes up in a completely straight line. Just creates a buying opportunity for some. The direction of travel here is clear. I've stopped trying to check price every ten minutes, it drives you nuts.

Don't think this will fall at all on publication of MRE because it's just a stepping stone, not the end target. They will already be working on PFS which is fully funded and hopefully published later in the year. This provides continuity.

That a great article Luke.

4p close recorded on London Stock Exchange site so that's official!

Not sure that will be completely true once MRE and PFS complete. There is also a lot of scope to further expand the recourse base at Redmoor

Noticed that the delay in reporting some of the larger trades is now reducing which shows more confidence in the share. Trades are reported late to avoid shock and avoid large swings. The fact that there is good volume and that these trades can be absorbed during the say is a good sign. There has been a large batch of early large trades now reported this morning which clears them out way for further rises this afternoon.

Following the rapid rise on Friday afternoon and what seems new confidence, I can now see this very quickly get to the 4.8p level