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That's quite correct. We don't know who may be selling if, at all. However, the figures quoted on the the website appear to give a clue. Castle may well be right. If Castle is correct then once gone the sp should recover nicely.

Reducing at 1 to 2% per day they'll be out in 2 to 4 weeks I'd say. Not 6 months.

I think they had nearly 16% yesterday as quoted on the phe website. So it's definitely reducing.

Castle

I'm beginning to think that you may be right about the White family selling in the background. (Why they maybe selling I've no idea). Could the drop in the sp today be the mm's trying to fill a large order? Ie: a large sell from the White's?

I feel the sp is slightly down post event day due to the somewhat lacklustre feedback so far.

I think we've learnt more from the posts made by those who attended than anything else.

As yet no video interview, as far as I know,. The FTU fly through video is in my opinion not particularly interesting and doesn't really show anything happening. It's dull.

I was expecting an interview from Paul and a video showing the FTU actually in action. It's all been a bit underwhelming in my opinion. However, I'm hopeful some sort of update must be due next week backed up with at least some basic data/numbers.

Thanks Wilding. Another independent account that tries in nicely with the other accounts already posted. Excellent.

I'm sure, as you say, that some data and an update will be published soon.

Yes, dead 🐈 is a classic pattern. Now watch this rise.

Any good news next week and this will 📈🚀

So glad I topped up yesterday and today 1m.

This is too good to miss at 0.845 a share.

Just topped up again ahead of news.

I'm sure they have other showcasing events lined up for corporate and media alike. Justctakes time.

The main thing is we know it all works as planned and that they are now demoing the process.

Give them a bit more time. Meanwhile, top up at these low prices.

I've topped up this morning getting in under 1p before this starts rising.

Sounds to me like this will once again be ... heading north every day.

I'll be buying more tomorrow. This is looking really good now.

Each and Tatty

Brilliant news to hear your accounts. This just gets better and better.

Loving it.

Thank you for your account of today's event Castle. Most intriguing and sounds pretty impressive.

From what you have described so far, I'd expect to see the sp begin to rally as the official news breaks.

Very exciting.

If Reform UK continue to grow in popularity and win the next election then, I can see all this 'green' crap and anti oil woke movements being over ruled. Reform would get on shore oil and gas production up and running. Make UK Great Again!

It's easy to lose heart with this share but, at some point I reckon there's going to be a spectacular re-rate.

Ah! That's more like it $35k+ per ton and probably on the increase.

If our resource has doubled to let's say 120,000 tons WO3 then, that makes more sense @ c.$4.2bn.

If that's even partly true then ... wow!

Also, if USA, Europe and UK are looking to increase defence spending Tungsten will be needed more than ever. Just as China begins to restrict supply.

I think the $260 per ton for WO3 must be wrong because that's about the same price as a ton of milled oats! That can't be right?

We'd be better off making Cornish porridge!

Based on 11mt @ 0.56%. That equals 61,600 tons of WO3 and at approximately $260 per ton that's only $16m worth.

Doesn't seem very much to me and hardly economic to dig out the ground.

Are my calculations incorrect or are we missing something?

Also, if the metal is selling at $45k per ton then the oxide I would have thought be selling for way more than $260 per ton.

Any thoughts anyone?

Assuming that the actual price paid per ton by companies around the world equates to $5bn as stated in the article then,what does this mean for Redmoor valuations I wonder?

Let's say per metric ton it's somewhere between $45,000 and $62,000.

It's a lot more than perhaps we were originally thinking?

Actually. I'm now thinking that the $300 price is referring to Tungsten Trioxide rather than the metal.

The metal appears to be trading at about $45 per Kg. Ie: $45,000 per metric ton.

https://www.metal.com/en/markets/24