Member Info for Croutom

Also been a lot of movement through SML the past few days (compared to normal) & SML has been on the hot topics board.

The cobre news would have flagged it to a fair few more retail investors who have bookmarked it, waiting for LCCM news... We can surpass the 0.5p mark on LCCM PEPR news and some

Looking on the Sarig map the mine has no crossover with aboriginal land (nearest designated area is 30km east) - only issue might be water run off - but as per the last LCCM RNS it's low acid forming waste material.

From memory I think there's also a gratuity payment to the aboriginal community upon commencing operations so will likely be within their interests to give the go ahead

would be ideal! - as optimistic as i am they're not spinning it as a sure thing in the RNS - not factoring it in to any finances etc, maybe trying to keep ramping down a bit

How much they make in a month in an RNS? or do they have to wait until each annual/semi-annual profits announcement?

IE if LCCM produces and sells a shipment of copper could they say in the RNS "a deal was struck with such and such last month selling a shipment of 300 tonnes for £m"

I notice in the recent RNS they refer to the profits of cobre without using a monetary amount but instead using positive adjectives.

Big buy @ 09:39 up to 0.4p on google :) i reckon we'll end the day on 0.35p though

Inflation proof income for 7 years + SMG know what they're doing + marketing campaign in May - i think the current MCAP/Share price is suited for it's Cobre profits/lack of current debt. Reached the floor here maybe?

Shame no news from LCCM, do we expect DEM to meet their agreed deadlines of 5th of April? (3 months from 5th of January)

everyone on edge waiting for this PEPR announcement - a good sign though, shows that there's life in the old dog...

A lot of cash is on hand for the average investor, coming into april, bonds/fixed interest outlook is weak and growth/tech is kaput (for now) - ducks lining up to be a good environment for SML

even if today is a dud, it's reassuring to know that it's only taken £21k to move us from 0.25 to 0.32. When news picks up this will move fast.

oooft

I'm averaging 0.42p @ 3.17m thinking of chucking another bag in SML, pinching it from my Baillie Gifford Global Discovery investment - i'm definitely in the red here... Rational thinking is keeping me back

i agree, imo 0.25p is actually good value for a company that profits around £200k a year from Cobre... that's over 4% per annum return based on current market cap of $5m...

No current debts, owns the land of LCCM and has a long leasehold on redmoor

Once the PEPR comes in, and production starts on LCCM the profit will turn into $1m a month from LCCM and we start generating around £10m a year instead? That's a 50x increase in annual profits? I would not be surprised to see 5p+ at the end of the year

Coming in today - anyone got any news as to why? Assume it's just coincidental, I've had a look all over the SARIG website etc and can't see any indication as to why

(also recent/relevant news, not just "the news is that the bod's money grabbing piggies" "lies lies lies" etc)

A lot of investment firms holding cash right now with a positive outlook on commodities - a good time for good news (PEPR)

https://www.reuters.com/business/finance/global-markets-survey-urgent-2022-03-15/

Fira I thought the leaching process was 6 months? Good news if it's 3, my mistake. I think there's existing leach pads so not sure if any more are to be constructed

Close to $3m per month if the estimate is 300 tonnes per month, imagine it'll be a fraction of this but still largely significant compared to current income

Does anyone know if there's any ore in the existing heap leach pads? IE anything to produce/sell once PEPR approval is given? - it's my understanding that we'll have to wait 6< months from the start of production to see any sale-able copper

ooooft

Put https:// in front of the below URL:

sarigbasis.pir.sa.gov.au/WebtopEw/ws/samref/sarig1/image/DDD/RB202100004.pdf

Published in December 2021

Strategic Minerals is featured as one of the case studies (page 69), also gives lots of nice maps with inferred resources from the DEM

www.wsj.com/market-data/quotes/UK/SML/financials/quarter/balance-sheet

(Link might get deleted by LSE - it's just the link for SML's financial profile on WSJ)

According to Wall Street Journal the value of plant/assets etc is just over £10m back in June 2021 - liabilities at £600k. Market cap is currently around $5m

Last year's earnings around £220k after expenses. That's a net return of 5.3% per annum based on current MCAP (if income remains the same) - from Cobre only

Massive mismatch - post LCCM PEPR going through a half decent marketing campaign/website update wouldn't go amiss