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Interesting. LSE only showing 5 mill currently.

5 million traded today? Not a great deal compared to recently.

Would anyone look at TUN and SML together? One low grade, high volume. One high grade, low volume.

Remember the board were granted options at 3.5p - of which they can exercise 50% after a year and 50% after 2 years.

I think that they will be motivated to get this moving within a year.

Who told you this? Just curious

With PFS, environmental approval etc and other infrastructure, how long could it take to get a mine like Redmoor online - you know, if there was a real taste by someone to get the Tungsten out ASAP.

It's always going to be shaky during these times of wider conflict - particularly for the AIM juniors.

But, SML seems to be holding up okay.

That MRE on the horizon is the big one. And one more drill result before then (although the most recent drills haven't done much to the SP).

Every AIM exploration company on my watch list is down today.

I don't know why people focus on the micro here? The close price. Whether something was shown as a buy or sell on LSE. If you believe in the company, the board, the asset, then you focus on the macro for now. The next big catalyst could be the MRE in 4-5 weeks.

Is that 4.8p based on a juicy MRE?

Company said it is on track for it's initial goal date end Q1 2026.

Agreed @bluegrass - those who have been in for a while / have done their research (and hopefully the 'high net worth investors) are here for the news over the next 6 weeks - 18 months.

I didn't know about the need for tungsten for fusion. IF nuclear fusion becomes commercial and the need for tungsten is high, then god knows where the demand for and price of tungsten could go. But, as far as I'm aware that's a way off and would be a retirement play for me.

The focus for now is the remaining drill results and the MRE. And then the PFS. For me, that's about as far as my investment goals go here.

Agreed.

10p+ is wild in the shorter term. 20p is very, very rampy.

Maybe the broker note of 5p could be reached in anticipation of a successful MRE? Infill drilling and PFS could see above that.

SML are revenue generating. The recent raise showed strength.

The higher grades here Vs TUN means less earth needs to be processed, but the setup costs of an underground mine are higher.

Buy outs, JV or government input change all of this.

Does that sound more realistic?

If there were a sale, could it happen before measured or proven resource results are released?

I'd been out since 0.4p last year, having got in at 2p. So hesitant to get back in as my money is sitting elsewhere.

I've got a bonus coming in next month, but if this is going to blow it might be too late.

I've got to think long and hard as to whether I free up some money this month in the hope that this doubles in that time frame.

Also, the timeframes should align with the PFS completion and potential news on production.

And the fact that they cannot be touched for 1 and 2 years. That's a positive. Work for that reward in a year + time.

I thought this was Tungstenman posting for a second there. I was surprised.

For me, it's a sign of confidence from the board. A small dilution to see them try and drive the SP as far north as possible.

If the SP is 10p + in a year, would you not take that small dilution?

The board have worked wonders here.

Confidence from the board there.

These share options can't be exercised for 1 & 2 years.

They see this going one way, and one way only! Especially in a years + time.