Member Info for london_

The high grades are what makes Redmoor economic, due to it being an underground mine as far as I know.

High grades + high recoverability

This is shaping up very, very nicely.

And fast tracking to the PFS.

The market is thirsty for tungsten, helium, copper.......

I am impressed with the ability to get funding like this and to see the SP jump a fair bit. That signals positivity about the resource and the board

I don't see why they would raise in the foreseeable?

2p on the bid for me now!

The recent funding has really added confidence for me to hold. I feel like the upcoming drills + MRE + now funded drilling and PFS could see the SP multi bag from here. And I'd assume there would then be a sign of how the production will be funded at that point.

DYOR of course.

According to Gemini:

2017 Mar - Dec. 20 holes. 7km of drilling. Initial SVS high-grade confirmation.

2018 Jun - Dec. 12 holes. 7km of drilling. Extension of resource at depth and strike.

2025 Jun - Dec. 9 holes. 5km of drilling. Infill and western extension exploration.

Assuming that the MRE is delivered by the end of Q1, does anyone have any idea of how long a PFS would take to be completed?

The Ask is knocking on the 2p door.

Would be great to see this rising ahead of upcoming drill news and the MRE

Agreed. TUN have size of resource their side. But they do not have any regular income.

Redmoor is higher recoverability. SML have income.

Also, I notice TUN who are SML's 'neighbour' have seen their SP increase by 100% with a MCAP of £160 million in the last month.

The funding through to PFS here is massive. Hopefully we can see a MCAP of similar value in the not too distant future?

Do we think that is it on the funding front until the PFS is completed and released?

And if so, what sort of time frame do you think the additional drilling and PFS could take?

Just 8 months ago SML raised £1 million (333 million shares) at a 25% discount.

What a turnaround this is!

I notice TUN are up on the leaderboard today as well. Is Cornwall warming up?

SP on the up. Being offered 1.4 now to sell.

Hopefully the fact that the news states the issue was oversubscribed and it came from a diverse group, that this means positive news is ahead and that could see the SP pop through the 2p mark.

My goal is 6-7p, and I (wishfully) hope that this could happen in the next 12 months.

Right. I've just had time to read the RNS properly.

"High net worth individuals and institutions"

More drilling to satisfy the PFS.

I feel even more confident about SML.

Hopefully the next drills and MRE see this jump.

And then, what, a year or two before further drilling and PFS is completed?

There will likely be more drilling after the MRE, which should lead to the PFS.

So a while off yet, IMO.

Hopefully income from Cobre, plus government grants and the sale in Oz can keep this a share that limits dilution.

There's not much going on here at the moment. There is news (and a fair bit of it) due this month. Whilst it's quite the SP is likely going to move up and down within a range. At the moment, the bottom end is being tested.

The MRE is due by end of March 2026. But it seems drilling results are running slightly late with the Xmas break. As far as I know, the PFS takes much longer.