Member Info for Davidious

Https://news.sky.com/story/london-listed-tungsten-miner-in-talks-about-50m-share-sale-13503345

I'm in SML, but happy to see TUN moving up. I expect on days where TUN moves up hard people will read across and look at the upside here.

Lots more news to come just in the next 9 weeks (1 RNS a week? or more?)

Expected

- Drill Results x5

- New deposit model coming soon, ahead of the MRE update (Dennis Rowland tweet this morning)

- MRE

Other news possible (speculative)

- Leigh Creek receipt of money and listing news

- Further Govt Funding

- Further details of PFS work to be carried out

Anything else?

Yep plenty of cash in the bank. Further govt matched funding has got to be a strong possibility given recent pictures of Dennis Rowland at no10

https://x.com/StrategicMnrls/status/2012087498479124785

Decent rise in the Rotterdam ATP price today

https://x.com/Youngin74703257/status/2014777956585840681

Great RNS. Expecting a strong Q1 here now with 6 more drill results and the publication of a new MRE

Remember SML generates c.$2m USD cash per year from Cobre in New Mexico

Operating Profit: The Cobre operation generated an operating profit of approximately US$2.1 million in the full year 2024

Cobre brings FCF £2M per year

I suspect those in power will quickly understand the need to move these resources at Warp speed - I expect a severe supply constraint will be with us for a long time

https://www.cnbc.com/2025/12/18/trump-media-djt-tae-fusion-merger.html

Yeah like how is the Tungsten price relevant to an undeveloped Tungsten resource stock with the 2nd highest grades globally.

GMET in the same place as us with a MCAP closer to $200M

Tungsten Price in China now $1100

https://x.com/METhompson72/status/2001453872166900150

Yeah think we are at a similar stage to GMET if you are looking for a peer comparison in the Tungsten Space.

Obviously there is an attractive difference in grade and MCAP to take into account DYOR ;-)

Remind me how much Tungsten they produce at GMET lol

What the well researched also know is that the board have skin in the game and Cobre generates close to $2M free cash flow per year.

SML is fully funded

With Tungsten mooning and Government money sloshing around some of those that took profits at the top may well be eyeing some buy backs on the dips?

Some long term holders will have de-risked. The stock was undervalued - sub 1p for over 5 years, that's a long time for anyone to be trapped in the red. There was a lot of frustration amongst shareholders before the board change and recent transformation. So Pure emotion! it's not easy to be stone cold/rational after such a long wait. It's great to have some fresh eyes on things

I can't look past our valuation against peers and the news flow to come. We also have a Tungsten bull market. Beyond Redmoor there is further exploration around old mines in the Dutchy of Cornwall land packages. All at a time when even the sleepy UK Government is scrambling to secure critical minerals.

Free Cash Flow is generated from Cobre magnetite tailings in New Mexico

More cash expected through the Sale of Leigh Creek currently in progress

Additionally the chances of Further Govt funding have improved with the Governments announcement yesterday

I think it's a weekly price but still would indicate an acceleration

Rotterdam APT today +9.88% / 757 USD/MTU.

China's APT now 817 USD/MTU!

If the price continues to rise at the same rate we will see 1000 USD/MTU before the new year.

Https://www.ft.com/content/70964f99-54e9-494c-861d-139259d33893