Member Info for MoodyBlue14-10-2

Quick question from a relative newbie... is the £300m peers equivalency a stretch target (short to mid term) or could Redmoor grades and/or size be a factor that drives sentiment on our side to surpass that ballpark market capital?

I'm all for releasing MR. E

Free the "Cornwall One" but no doubt he wouldn't want to be out over the weekend.

GLA.

Hopefully it's Pad 3 drills 2 & 3 Eve. Going to start leaving milk and cookies out for Dennis next month. LOL.

GLA

Agreed DBWN.

Pad 2 results posted 28th Jan then two together on 5th Feb. With the first of pad 3 last Thu I'm hoping for 2 and 3 before the end of the month and fingers crossed for the MRE by mid-March, well within the Q1 target date to reinforce further confidence in the Board's continued ability to under commit and over deliver on behalf of all of us PI's.

GLA

Yes, ditto.

Didn't think we'd ever see a day post FID with only one post count. Guess that's down to the news vacuum from Navitas whilst no doubt progressing with plenty in the background.

Oh well, plenty to be excited about on here in the coming weeks.

GLA.

Same but don't beat yourself up too much. We'll never be able to anticipate this kind of in-week movements.

Just reassure yourself that it's a marathon not a sprint and in "Quarterly milestone terms" it feels like we're kicking out of the last bend.

That question was around "The positive news to come is going to be huge in my opinion."

Keen to gauge the consensus of what the MRE might bring in terms of our Lassonde profile.

GLA.

Re the short term Q1 MRE or longer term milestones of feasibility and funding etc?

GLA

Appreciate that MRE is committed Q1. Does anyone have estimates for the follow on timescales for the stages thereafter?

GLA

Extending the outlook of +/- 30 days puts a whole different perspective on it. Looking in the rear view mirror of where we've came from and what milestones we might reach in the next 30 is anything but drab.

GLA

"With results from the remaining two 2025 drillholes outstanding and the results of the metallurgical testworks to come, we are quickly advancing towards the production of the new MRE for Redmoor, which we expect to further highlight, in the Company's opinion, Redmoor's place as the highest-grade, undeveloped tungsten resource in Europe."

Granted, we may still be a couple of weeks away from a flurry of back to back Pad 3 results but can't help noticing previous lab results shared on Thu 11th Dec, Thu 29th Jan and Thu 5th Feb.

What better way to reverse the retrace and continue the upward trend than announcing another great set of results from drill no. 7 of 9.

Tick followed tock. Good things come to those who wait.

GLA

*insights

Agreed ontarget. Thanks for any I sights.

I'm still keen on hearing the consensus opinion on confidence levels of reaching the £300m market capital or what would be deemed achievable for an MRE increase on the asset.

Seems like a lot of the risk factors around financing and permitting could be mitigated in the short-term given the appetite for UK and US Govt agencies to secure a robust Supply Chain. Remains to be seen how much market sentiment and FOMO effect bridges some of the gap between market cap and NPV but early indications suggest that the momentum is there. Hoping for continued newsflow shortly after MRE from The Treasury... or Capitol Hill.

GLA

Section 1 makes for good reading.

GLA

More background detail:

https://www.gov.uk/government/news/uk-and-us-sign-memorandum-of-understanding-on-critical-minerals

Great Exec takeaways and increasingly shouting it from the rooftops...

"The Company continues to believe that these positive results highlight Redmoor's position as the highest-grade, undeveloped tungsten resource in Europe, and amongst the highest grade globally."

All these Weller references on a mining board and still no "Going underground" pun. LOL

GLA

"Record tungsten prices this January underpin the strategic importance of our Redmoor project, the highest-grade, undeveloped tungsten resource in Europe, and amongst the highest grade globally."