Member Info for london_

So CRD034b and CRD035 results should be in soon.

And then visuals and then full results for CRD036, 037, 038, 039, 040 and 041 before the MRE (Q1 2026).

That's A LOT of incoming news. in the next 4 months (if end of Q1 is used as the date for the MRE)

Based on the current NPV from SP Angel, then 4p might be a better estimate - that would be a MCAP that is 30% of the NPV.

If there is news to show potential for a bigger NPV and/or government involvement and/or signs that planning is on the horizon, then that could increase.

Just IMO.

If over the next 3 months (or so), SML can show a high potential for increased total tonnage, higher grades and high recoverability - both with each upcoming drill result and then packaged nicely in the MRE then the SP should re-rate nicely, even just on the SP Angel NPV (even better if that NPV increases).

And IF, SML get some of the money from the recent government critical metals package, then that could mean even higher confidence and higher SP.

Discussion: IF the above happen, what could be the expected path to funding mine development?

Maybe the first goal is show the most confident estimate of what is in the current exploration area. Get that up and running asap.

And then explore the potential around the current area.

SP targets are based on the $400 million NPV.

If the confidence in that number increases (or the number increases) and funding/planning etc. come through then the number gets closer to the higher numbers.

I thought Tungsten West had a bigger mine, but lower recoverable or more challenging recoverable volumes?

Whereas Redmoor is showing high grades and high recoverability - therefore cheaper opex to extract?

"To enable the accelerated development of the Redmoor Project towards mining, CRL must enhance and improve the understanding of the geology at Redmoor and further establish geological infrastructure. By increasing the size and confidence of the mineral resources and improving understanding of the deposit, the project will deliver an updated Mineral Resource Estimation and a financially viable path forward, culminating in a prefeasibility study and investment-ready business case."

RNS comes in when results are ready......but Monday would be superb

When volume drops, MM's try to move things to get some interest/make some money.

Some people might've got nervous seen a 0.15p drop this morning

Because of a tiny amount of warrants that needed to be completed by year end (I believe)?

Tungsten is used in wind turbines, solar tech and EV batteries apparently. So green tech.

Also armour piercing rounds :/

It's new news. It's expected to be announced in next weeks budget.

It's a natural part of a share's trajectory. Big jump. Slow drop off until next news. And repeat.

And with Hemerdon only a short distance away, could this add even more interest?

If Redmoor shows enough promise with this drilling campaign and MRE, then the permitting and funding might be looking positive - confidence could be growing and growing through these next 2-4 months.

Volume down.

Price fairly stable.

Number of comments (particularly trolls), down on this board.

Weird.

Good spot Trout.

They all look to be above mid-price.

Consistent 500,000 or 1,000,000 delayed trades going through here since the positive turnaround in the SP.

The SP staying fairly stable atm is a good sign IMO.

Plenty of drill results to come, which will add confidence to the last drill results (if positive).

And then the MRE in Q1 '26.

Also, hopefully news on LC sale.

These should, if all positive, see the price bump up.

Assuming the results are positive and Tungsten prices stay stable, then the only big question is the planning + financing to get the mine up and running. Hopefully with the location and critical nature of the metals, then this should be announced sooner rather than later (and hopefully in a non dilutive way)