Member Info for Davidious

My swerve ball...

Given the critical nature of our resource could we see the government step in with more money for SML and regionally to boost mining in the region

Reassuring to see the SML price tick blue when most of the other resource stocks I follow are red.

SML is still undervalued compared with other Tungsten resource stocks

Last drill results received over 1 month ago. Next results could drop any day which could see this go mental again. A bit of consolidation and de-risking just lightens the load for the next move up.

Probably best to ignore the demented troll who has been posting negatively since the 16th Oct. Can only assume he sold for a penny.

As everyone who has actually researched SML knows. SML ships magnetite form its Cobre operation in New Mexico and therefore already has cashflow.

Always good to hear on these boards when the Tungsten price goes up. Each tick up will add to the NPV.

Nice update. Early indictions that the resource size will increase from the current jorc

CRD039 - "This demonstrates the validity of the Exploration Target and the potential for resource growth, subject to analysis"

And we still have the imminent results of the 2nd drill to look forward to.

Drilling started on 26th Jun. The first 3 holes completed by 11th sept (Less than 3 months drilling or 1 month per hole) We also know that all 3 holes intersecting the full thickness of the sheeted vein system.

Results from the 1st hole arrived on the 13th of Oct almost 1 month ago. If the 2nd hole completed less than a month behind the first we can expect the next drill results fairly soon.

Lots of emotions in play when a stock becomes this exciting. Time for cold logic. Surely the interest and potential price grows over the next 4 months as we receive results from a further 8 drills and approach a new MRE.

Good luck all

News due on multiple fronts now. Just compresses the newsflow into the future.

Wouldn't want to be out over the weekend.

Thanks Prop, Yes averaged down aggressively/maybe recklessly over those oh so long years.

Nice to see GMET strong blue again today. GMET are a great gage of just how undervalued we still are.

RAB now below 3%

Reasons to be positive

Conservative NAV of £400m valued by SP angel

GMET inferior Tungsten resource/grades is currently 5x our MCAP

Results of 8 drill holes to come in the next 4/5 months

All drill so far have intersepted the sheeted vein system. Including a hole that extends the current resource

Tungsten prices have continued to rise

The current Redmoor drill is fully funded including match govt funding

Europe’s highest grade undeveloped tungsten deposit and the 2nd highest globally

Tungsten important to national security here and for western allies - this will gain further financial support

My advice if you are looking to build a stake.

Slow and steady. Scale in. Buy the dips. Resist Fomo and wait for an entry you are comfortable with.

By my counting 6 drill holes have completed (CRD033, CRD034, CRD035, CRD036, CRD037, and CRD038)

2 drills are currently underway. ( CRD039, CRD040)

1 further hole planned/pending.

Nice if we can continue to get the government to give us £1 for every £1 spent

Once leigh creek is sold i'd expect SML to apply for further matched funding. The last round was limited by our mcap and cash position. The situation is developing nicely.

Once leigh creek is sold i'd expect SML to apply for further matched funding. The last round was limited by our mcap and cash position. The situation is developing nicely.

I think Peter mainly focused on Cornwall in his time. Redmoor is the Crown Jewels but SML significantly increased there exploration license footprint around the area during PWs tenure.

Who knows what else we have in those land packages that include old tin/copper/silver mines