Member Info for london_

It seems to have gone quiet all around on here - including trolls/de-rampers.

And a T1 definition, apparently, is NPV of $1 billion at decision-to-build stage.

And from Gemini:

Industry Note: Some definitions go further, suggesting that for modeling purposes, the weighted average value of a Tier 1 deposit is notionally set closer to US$2 billion.

CLN. Not good.

My thought is ~4p after MRE. This, of course is my mindset as a PI seeing an amazing asset from recent RNS.

If the NPV remains at ~$400,000,000 then 4p is a MCAP that is about 20-25% of the NPV. Seems fair in England, and the importance of the metals in the ground.

If that NPV is boosted significantly (based on it being tier 1), then maybe 8-10p could be seen?

Is it official -official? It's not until a PFS or FS is completed, surely.

But, anyway - from Chat GPT, a tier one asset is:

- Low OPEX

- 10-20+ year life

- NPV usually exceeding $1 billion

- Expansion potential

Someone said on here that the unknown/delayed trades are often in sizes of 500,000 and up.

The fact that SML has regular income is a big positive. I've dipped my toes in the water with AIM shares in the past that had no income at all, and the outcome wasn't usually very pretty.

Fully funded until end of 2026, no?

LC sale.

Government money to be received for the drilling?

Do you think these are someone accumulating at lower prices?

Someone selling i.e. old directors or warrants.

Stop losses being swept up?

Is there something more to all these delayed trades?

The classic 1,000,000 delayed unknown trades coming through.

And hopefully the sale of LC.

I don't want to sound rampy.

But it's rare for an AIM junior explorer to have:

- Drills completed ahead of schedule.

- On budget

- Exceptional results

- Board with 'skin in the game'.

For me, that's enough points to see this as a hold (at the minimum to the MRE, or beyond)

DYOR.

So the drill results leading into the MRE in Q1 is all about increasing confidence and reducing risk.

The PFS and FS will give a higher probability of what is in the ground.

And after that you'd expect permitting / funding to be announced.

So a fair old journey ahead.

I'm hoping that the drill results and MRE see the SP increase nicely and that there is some news from the board re. government relationship.

But all in all, if Redmoor were to get to production it is many, many years away.

I know that the thought of a sale is getting well ahead of ourselves, but IF Redmoor were to be sold, how does one value the sale price of a mine that hasn't had a feasibility study, yet alone a MRE completed?

Can the NPV be used to give an estimated sale price at this point?

Late trade maybe that will show up Monday?

Genuine question. How much confidence does 1 drill add for now?

If Redmoor shows to be truly exceptional or world class, I cannot see how this doesn't get permitted/funding or bought out sooner, rather than later?!

It's the classic drop off IMO after the initial exciting news.

Now it's time to add confidence to the numbers and show a route to production.

Holding. I don't want to risk selling and buying back in, because this could move quickly if/when it does.

DYOR.

Is the funding through 2026 reliant on LC?