Member Info for littlered66

Prop,

It really is a question of 'Ask the right question....'

Continued...

Strategic value multiplier (this is huge for tungsten)

Tungsten and tin are considered:

• critical minerals (defence, semiconductors, energy)

With:

• China dominating supply (especially tungsten)

Western projects like Redmoor gain:

• Strategic premium

• Potential government interest / funding

So rising prices aren’t just economic—they’re geopolitical tailwinds

________________________________________

Market reaction dynamics (what actually moves the share price)

Here’s the key nuance:

If MRE comes out with:

• Bigger tonnage

• Strong grades

• AND prices are high

Then you get a compounding effect:

bigger × richer × more valuable = re-rate potential

Interesting ChatGPT response specifically about SML's upcoming MRE......

What the upcoming MRE will likely contain (Redmoor-specific)

1. Bigger tonnage (very likely)

Evidence:

• “Expanded modelled orebody” from drilling

• Previously untested zones now mineralised

Expect:

• Increase from 11.7 Mt → potentially materially higher

• Especially from:

o extensions along strike

o deeper zones

o new vein systems

________________________________________

2. Improved confidence categories

They’ve done:

• Twin drilling (validating historic holes)

• Infill drilling programme (ongoing)

Expect:

• Conversion:

o Inferred → Indicated

• This is huge for valuation (not just size)

________________________________________

3. Potential grade uplift (or at least maintained high grade)

Recent results show:

• High-grade tungsten, tin, copper intersections

• Some very high-grade hits (multi-% WO₃ equivalent)

Likely outcome:

• Grade stays strong or improves slightly

• Reinforces Redmoor as:

“one of the highest-grade tungsten projects”

________________________________________

4. Better polymetallic value (tin + copper upside)

Earlier MRE was tungsten-heavy, but now:

• Strong tin + copper zones confirmed

• Even silver being investigated

Expect:

• Higher tin-equivalent grade (SnEq / WO₃Eq)

• More emphasis on multi-metal economics

Most realistic outcome:

• ✅ Tonnage increase

• ✅ Better confidence categories

• ✅ Strong grades maintained

• ✅ Improved polymetallic story

If all four hit → that’s when people start talking about a re-rate

1.8 was multiplied by 2.66 to get Zeus's 4.8 figure. If they multiply again by the same factor we get very close to a lot of peoples 13p target (12.768) 😁

That will do for starters!

Methinks that the Friday FOMO crowd may well push this to 6p later today, or at least close to it!

Do the job well for less!

Forensic505,

Correct, but nice to see another small milestone. Next estimate will be very interesting, imagine what this will do if it is at around 12p (or more) 🤔

So, isn't that the 'fair price' estimate, now just achieved (beaten) ???

More likely level seems to be spoken of as about 5x, so 10x might be a bit hopeful......but look at what it's done so far, nothing is impossible!

It's hard to believe the share price movement since I made my first buy at 0.76p in mid-October (5 months ago), subsequent buys at 0.79p, 0.94p, 1.04p, and then several more between 1.25p and 1.5p, followed by a few more during the climb to 3p.

I think that this may well end up being one of my best investments in the last 10 years in the market, and it is especially gratifying to see that so many more have been on that journey for what is shaping up to be a World Class British success story.

Hold these tightly!

Is it just my excitement, or does the share price feel like a coiled spring right now?

Any minute now.........!

So now, 2 hrs after I bought them 444,506 gets reported as a sell just to change the view.....SAD!

Another 444,506 in the bag, nice!

Another 470,000 top up......up now please!

242603 top up, lets see what it says this time as the last one I did showed as a sell!

Nicely put Chesh, I think most of us are feeling our way with the technical indicators here 😉

RSI looks primed for a turnaround...... 🤔

I really do not see how anyone can fail to be impressed with their progress and communication to shareholders. Surely these are exactly the sort of updates bulletin board warriors are always crying out for, and rarely get!

· CRL notes that the outcomes from Stage 1 metallurgical studies are encouraging with mass recovery to flotation feed of approximately 43.9%, and stage metal recoveries of 94.3% tungsten, 95.6% tin, and 90.7% copper to an average 2.1x upgrade ration. Full metallurgical study outcomes will be released when completed, including updated metal recovery assumptions, and will feed into the planned Mineral Resource Estimate ("MRE") update.

Well said Warrie ✔️

36800, I'm sorry but I have to disagree with your reasoning!

I bounced into RKH after the 'Oil! Oh no it's actually water' debacle with Desire Petroleum, and bought a large tranche at 13 to 17pence.

As the SP started to rise I thanked my good timing, and then watched as the MM's dropped the SP (in quick time, over a matter of minutes) from mid 40's back to high teens, for no other reason than to hoover up the stop losses.

Shortly afterwards the price started rising again and many investors who had been robbed by their stop-loss decision found it impossible to get back in!

Fortunately I didn't have a SL in place, and watched as my shares climbed, (No skill, I was very lucky)I sold out at £4.80ish, and since that lesson I have never used them.