Member Info for london_

Currently at 3.15 on the BID for me on HL.

The price initially jumped from 10p to 30p on showing the ability to refine their resource at a high purity which attracted £4.5 million from II's (SML recently recived £4million from 'high net worth individuals)

It then jumped toward 70p when new drills were released and in anticipation of the MRE

Both of these jumps happened over a month time frame. There was a couple of months between the two jumps themselves.

Could SML be in the 'sustaining phase' of it's SP before a surge on the anticipation of the MRE?

Or have we hit that surge already?

The end of Q1 statement keeps showing in the RNS's. That's just over 6 weeks away!

- Sheet vein system expands into a previously untested area.

- Tungsten, tin, silver and copper.

Just in :)

100 million multiplied by 100 is 10 billion?! Great British Pounds?!

All good again. Couldn't get a price for 15 minutes there.

Back at 3.45 BID

No quote to sell on HL currently.

Hopefully - it would be great to see the support at that 3.8-4.0p range.

Last week the SP dropped 20% back to below 3p and then surged back up

PFS by spring @jc330 ?! 2027?

The SP has flown North recently. Give it time.

Final drill results and MRE. They are the major catalysts in the next 6 weeks.

Whether that is enough for something like a buyout, more II's or a JV of some sort, I don't know.

Then it's the road to the PFS.

Haha.

Just a problem on LSE it seems - few shares in own have no trades showing after 230pm today

3.92 on the ask for me now.

Yeah, it's not really a comparison.

TUN have low grade, higher volume.

Redmoor is higher grade, higher recoverability.

Underground mines need higher upfront costs to get going.

Opposite ends of the spectrum.

Yep - the value of the grows exponentially when the grades increase also.

Also, I believe SP Angel quoted the payback as being achievable in 1.1 years.

Final drill results from the previous phase + MRE + future infill drilling + PFS.

If that remains the course of action prior to any more funding, then this should re-rate nicely.

Question: after a PFS, what % of the NPV would you expect the MCAP to be?

Don't look at the sell/buy data on here Stevie. It's all based on the mid price at the time. Think of it as a best guess that the software is making.

Yep, same pattern as before.

The data and interest is just too strong in this one. Onwards and upwards to the MRE and beyond.

The SP dropped to nearly 2p last week. It rallied all the way back up to 3p. I'd expect this to push up through 3p on this news and towards Zeus price when the MRE arrives.