Member Info for DoBreWotNot

Dennis reminding people on X this morning .... 🙂

'Tungsten closed the week having smashed through $2,000 mtu APT, mid price $2,097.50 ....15-months of continuous upwards movement as a structural shift in tungsten markets and supply chains has become evident

More demand evident as US seeks to secure supply & boost stockpiles'

https://x.com/i/status/2030910390146630032

NewOrmy .... thanks for posting that which is confirmed in Jan RNS (apart from projected date) so is accurate ... however that's the 1st time I think we've seen a date & 'early July' would certainly be 'fast-tracking' it ... let's hope it's accurate.

I'm personally anticipating an RNS that will set out the PFS process, commencement of infill drilling, timelines & projected completion date as they did/have with recent drilling campaign & MRE.

I reckon that release may not be too far away IMHO ....Exciting times

Dobre

Prop .... 'They’ve already strongly hinted at a fast-tracked PFS.'

They certainly have & in January's Funding RNS indicated they'd already secured a drill rig with infill drilling potentially starting as soon as this month. Given we can also use the data from 30 historical drill holes the amount of infill drilling required should be significantly reduced further speeding up the overall PFS process ....

4p ..... 6 months ago we struggling to get to 0.4p ... what a transformation 👏

Speaking of record highs ....

APT CIF Rotterdam Port updated (European) price of $2100 - $2200 mtu (average $2150) +16.2% on the week ... quoted on Shanghai Metals Market today

https://news.metal.com/newscontent/103791572-European-Tungsten-Prices-Continue-Upward-Trend-APT-and-Ferrotungsten-See-Significant-Increases

'Gold Sets 1st Full Week Above $5000 as Silver's Giant SLV ETF Also Grows'

https://www.bullionvault.co.uk/gold-news/gold-price-news/gold-5000-week-silver-etf-022720261

Dennis getting it on X ... $1944 now 😮

'Tungsten prices reported by ChinaTungsten in China continue to see upwards momentum, even after the Chinese new year. Fastmarkets data for the week incoming, should be worth the wait.'

https://x.com/i/status/2027424730945376392

Stevie ... no problem 👍

'Wouldn't wannabe out of this during March' 😉

With all the hype re rising Tungsten price I haven't kept track of tin but below just copied from AI ...

52-Week Range: The price has fluctuated between roughly $29,603 and $56,636

I understand price today is $58,200, so it's virtually doubled in 12 months ... great for the MRE & what a time to find a new 'tin zone' 👏

Keep SMiLing, Dobre 😃

Stevie ... depends what price you're prepared to pay ... it's March next week & I feel there's a sense that the SP is likely to rise in anticipation of MRE publication as opposed to just waiting for release ... it may not of course.

Further news re Redmoor also expected on last drill result, metallurgical study & potential Silver economics all of which could have some impetus. Wouldn't be surprised if we hear more about the PFS plan as well.

Your call, good luck with whatever you decide 🙂

Dobre

Also out on Share Talk (Zak Mir) so news being spread 🙂

https://www.share-talk.com/strategic-minerals-discovers-significant-new-tin-structure-at-redmoor/

Ammonium Paratungstate (APT) (CIF Rotterdam): ~$1,800–$1,900/mtu (Metric Ton Unit). ... +$50 on the week 🙂

Posted on X this morning

'Progress at #MTL’s La India #gold project is advancing ahead of schedule! Take a look at how the site is coming to life, one month at a time ⤵️'

https://x.com/i/status/2026982506780577888

'Gotta love Dennis' 🙂

'A discovery for free! Given the need to drill through this newly identified zone to drill the SVS deposit, we have the chance to further define & potentially grow this new zone during our forthcoming infill drill programme.'

Will certainly keep us interested during the PFS process 😀

Exec Summary from Dennis on X ... will need to scroll down to see full post

https://x.com/i/status/2026566343714115597

BG .... 👍 similar will also apply post pfs & dfs ...

Ralph

I can understand your thinking regarding people selling & anticipate some of 'the sell on news brigade' leaving. Some derisking as well perhaps but that may well be 'muted' as some knowledgeable LTH's with really low averages may only have to sell 10% or even less to get original stake out, dependant on the sp at the time, if they do so at all.

Conversely it will also be a buying opportunity, unlike us 'risk takers' many people, organisations/institutions are risk adverse & won't buy in until investment case is clearer & the MRE may present that opportunity & prior to potentially accretive pfs.

We'll also get revised broker ratings for NPV & Fair Value.

I think Bod will hold another Investors Webinar to provide further info & address the future & last time that provided a significant catalyst ... influenced me to buy some more & really glad I did even though I'd sworn I wouldn't.

The Bod are clearly in 'a hurry' by fast tracking this & given we're saving cash required on infill drilling required I'm wondering that once that's completed we utilise rigs do some exploration drilling on Duchy land .... merely speculative on my part but would fit with trying to prove up as much & as quickly as we can.

It also seems likely that our commodities will continue to increase in value over the period.

Just a few thoughts IMHO, hope helps

Dobre

Moody ... have a care ... NPV & M/cap aren't necessarily the same thing .... you may wish to research it .... it'll be worth your time ....

Moody ... I think you're asking about the £300m ($400 usd) NPV given by SP Angel in October 25?

If so their estimation was based on resource size via data from 2019/20 Scoping Studies & used a Spot Price for Tungsten of $630 mtu. This week APT CIF Rotterdam hit average of $1800 mtu ... from RNS's it also seems increasingly likely that our resource size will grow & together with high grade be reflected in forthcoming MRE & updated valuations.

It seems inevitable that the NPV will rise accordingly IMHO ... not long to wait to find out by how much ... exciting times ... DYOR

Keep SMiLing ... Dobre 🙂

Absolutely Slurm, sp has consolidated nicely here & important to remember that it's only a month ago that we were at 1.3p ....