Member Info for Lupidog

$30m macp based on my opinion and voiced in pervious posts on the subject of course.

The $30m mcap on PEPR and "funding" is looking a tad on the low side at the current copper price. When does this start to move up in anticipation?

Which would then also add $50m to the NPV unless costs change. $82m looks so much nicer than $27m.

The reason I am asking Cornish is that I get the $110m figure using $7000. The increase at $10k is $160m. Just like to know if I am calculating correctly.

Cornish. What copper price are you working that out on please?

It would be reasonable to be climbing to a sensible mcap prior to the PEPR announcement. We kept being told this was undervalued when copper was $7k. I can't predict a rise, but I am certainly speculating on one. Not using charts, just plain financial reasoning based on the figures we have been given inRNS Number : 6411E, Strategic Minerals PLC, 09 November 2020, when copper was $3500 cheaper at $7250. If it was commercially viable then, it is $3500 nearly all onto the "top end" now. The mcap has not moved so I reason that it should do over the net few weeks.

I like free shares.

Anyone else care to calculate? It's rather nice.

DVH you beat me to the live copper price, but I don't mind as it is all adding to our top end. My own opinion, based on my homework is that we are nearing the climax of a perfect storm. I have been both correct and incorrect in the past. I don't even think LCCM is even taken into account on our valuation as the pre and post purchase macp seems to back this up. You have to look critically at the present and the future, because the past has already happened and if people focus on that they may miss today's and future opportunities. Onwards and upwards.

Does the below help you? It appears that SML have responded in draft and that we are waiting for confirmation that the responses are adequate. In my experience, it is normal in business to thrash out contracts in draft so that on formal submission, it is just a box signing exercise. The RNS appears correct that we have responded in full.

"Could you please let me know if you are awaiting further information or if SARIG is not up to date to clear up my misunderstanding between SARIG and the Companies News releases"

"Thank you for your query regarding the status of the MPEPR2020/032 - Leigh Creek Copper (Mt of Light) Mine.
Strategic Minerals have provided updated documents/reports in response to the government’s request for further information. These documents are in draft format and are currently being revised by the government for adequacy, with the formal MPEPER 2020/032 submission to follow.
SARIG will be updated once the formal PEPR submission is received.

If you need more information, I would suggest you contact the company’s Board directly."

And no ones mentioning Iron Ore tickling $200T. Certainly a good time to speculate on SML, with the PEPR responses being assessed. Wonder where my BZT profit has gone :)

Yet the mcap stays stagnant. It can't be just me that sees a massive re-rate is due.

circa $3,500T increase since RNS Number : 6411E 09 November 2020, while costs remain the same and the exchange rate moves in our favour. Interesting times.

Yes $10,025.... all onto our top end.

Especially as it adds directly to the NPV as the costs should not increase.

That's how I got to Pre-Tax NPV @ 8% around $50m. I didn't include the exchange rate which has also become more favorable.

4p would give us an mcap of circa £75m which would be unrealistic on award of the PEPR. A more realistic £30m is not unreasonable on PEPR and funding. Production may push us up into £35-£40m, as it is also the key to Redmoor. Keeping it realistic at 1.5p to 2p is more believable and achievable IMO.

Pre-Tax NPV @ 8% around $50m. Which is nice.

Which is why I think we will see a large re-rate.

Perfect description Prop. There is little downside as we are sitting at an mcap below when we purchased LCCM. The upside is growing directly inline with the increase in copper price. Perfect Storm. 2p or not 2p that is the question.

$9991.40 Getting ready to hit $10k, then where does it go?