Member Info for Davidious

Depends on the Ramper. Some of us still remember TWIS lol

Pilot mountain is a little ahead as its an indicated resource. Redmoor is inferred. You could discount 50% for being inferred but the size of redmoor resource is double. If you believe in the tungsten story unfolding SML is well on course to follow GMETs ascent.

Currently was 10 months ago. Easy to be patient when you draw a salary from your investment.

Given the current rise in tungsten i continue to hold.

Seems to be working for BMV

https://www.lse.co.uk/rns/BMV/board-appointment-and-bitcoin-funding-t3x4d1kdrle1v4y.html

I'd like to see SML adopt a Bitcoin treasury strategy. As a company holding cash and with cashflow. A conservative strategy to hold 10% of cash as bitcoin to hedge inflation could have a dramatic impact on liquidity and share price in the current climate

GST the latest to announce a bitcoin strategy

The makeup of the rare earth baskets is also important when gaging value. Again this is just my understanding

TREO - the whole basket

MREO - valuable Nd, Pr, Dy, and Tb.

DYTB - of which DY and Tb are more valuable

Nd and Pr both $97 per kg

Dy = $454 per kg

Tb = $1,983.40 per kg

I'm no geologist but as I understand it the difference is Ionic clays vs Hard rock.

Ionic clays are near surface and substantially cheaper to process.

https://www.youtube.com/watch?v=6SGqKT8hqGM

Maybe they need to source a 4x greater grade of tungsten to reduce the number of lorries shifting granite on some of those smaller local roads? The devil will be in the detail so it could just as easily be an opportunity for SML?

https://www.bbc.co.uk/news/uk-england-devon-66912556

Yep good news.

Money divested from Leigh creek can probably be made to work harder at Redmoor especially if more matched funding becomes available.

Deal activity today. Mentions the Tamar Valley

https://www.aquis.eu/stock-exchange/announcements/5124782

Also like the fact that they give a WO3 eq grade as it demonstrates that Tungsten is the main NPV driver for the resouce.

If the UK could get its act together we might get the same market attention as GMET. Our current inferred resource certainly bares comparison to Pilot Mountain.

Interesting that Mark Burnett is the RAB representative on the GMET board too.

You're right, there is more than 1 post with this slide.

This one has the correct date on it. I think!

https://x.com/CornwallRes/status/1904116689043603963

I read 4th April ? Maybe someones corrected already

Https://x.com/CornwallRes/status/1904083725089997042

NPV will already be above your figure at current commodity prices. If we double the resource and tungsten blows I can imagine an NPV closer to $1bn

https://www.lse.co.uk/rns/SML/redmoor-update-cih0r629f04ct6n.html

I think Stellar on the ASX is a good comparator for us.

https://wcsecure.weblink.com.au/pdf/SRZ/02889001.pdf

GMET felt recent Tungsten news was worthy of an RNS

https://www.londonstockexchange.com/news-article/GMET/tungsten-export-restrictions-project-progress/16767992

I believe PW has been instrumental to the progress made in Cornwall and was not taking a huge Salary.

It's easy to get carried away now that we are seeing some overdue changes but I think it's also important to have some continuity and Peter would continue to get have my support.

I'd love to know who made the loan. If I remember rightly it was from an existing shareholder. The ASX link makes me think it was AB but I'm just speculating.