Member Info for Preston55

"Aligning with the Government's mission to drive economic growth by investing in the infrastructure required to support growth"

What mission?

Fundamentals remain, put another £700 in at 4p

The planning conditions are a formality for all proffessional geotech outfits, no big deal.

Long time since Duchy of Cornwall discussed, worth noting the area is almost three times the current footprint being explored.

See delayed report in the trades from yesterday 5.5m shares in one trade

Oversold territory?

I transferred 85% of my 9.25m sml shares into my share dealing ISA at 0.29p, my average purchase price prior to this was 0.75p, #taxfreeretirement

Post you dining exploits here

https://x.com/MiamKitty

Https://en.wikipedia.org/wiki/Noah_Law

MP and Chair of Party Parliamentary Group for Critical Minerals.

We'd or at least I'd hope for multiple bidders for a take over bid

6 months max, there are multiple holes at each drill pad, therefore no repeated site setups per hole. Add another rig or two, six months will reduce.

I've been looking at the programme for infill drilling, total meterage, no. holes, number of rigs, previous output etc. As they get underway, and as planning is approved for subsequent rigs, if one were interested and you had a spotter on site monitoring rig movements you could forecast RNS's with a reasonable degree of accuracy, unless SML sit on the results until PFS.

Https://en.wikipedia.org/wiki/Greg_Coffey

Novice Chunter zzzzzzzzz

(vs progress between 2016 and 2025)

Reading this at an unearthly hour this morning, I had a closer look at the timing of any note after an MRE.

It's not a quick exercise and they need more than a couple of hours to put it together, so releasing it "shortly" fits this.

Re yesterday, I had to switch off, the old crowd are few and far between these days. From my perspective Redmoor is de-risking at the speed of light (vs progress from 2016 to 2015). I think shareholder and prospective shareholder need to let that sink in, "I wouldn't want to be out of it over the weekend".

I've been here since 2016, 9m share at average of 1p ish, got another £30k on Tuesday. Long haul paying off.

Massive thanks and credit to new BOD and support teams, well done!

#TSUNAMI

Don't forget Mustang, that ball dropped and smashed

- A producing asset (Cobre magnetite in the US, generating modest cash flow).

- The flagship **Redmoor Tungsten-Tin-Copper Project** in Cornwall (inferred resource 11.7 Mt @ 1.17% Sn Eq, high-grade drill results in 2026, infill drilling underway for PFS, updated MRE/economic study targeted end-Q1 2026).

- Expanded ~88 km² footprint including the Duchy of Cornwall lease (~64 km²) for exploration upside.

- Recent funding: £4.7m subscription on 19 March 2026 at **3.5p per share** (134.3m new shares, ~16.7% discount to prior close, admission expected ~25 March).

No published company NPV exists for Redmoor (pre-PFS stage; prior 2020 scoping study outdated amid higher metal prices). Tungsten supercycle (~USD 2,000–2,400/mtu APT) dramatically improves potential economics vs. older assumptions.

### Published Third-Party Intrinsic Value / Fair Value Estimates (as of mid-March 2026)

These are mostly automated DCF or formula-based models (e.g., 2-stage FCF to equity, Peter Lynch fair value) and **significantly lag** recent catalysts (ultra-high-grade drills, resource/model updates, tungsten rally, PFS acceleration, fresh funding). They undervalue the story given current momentum.

- Simply Wall St (Oct/Dec 2025 models, still referenced): ~1.1–1.2p (2-stage DCF, based on very conservative FCF projections; share price then ~1.1p, implying fair value alignment at the time).

- ValueInvesting.io (Peter Lynch formula, March 2026): ~12p (but formula uses earnings growth × EPS; limited relevance for pre-production junior with negative/currently tiny earnings).

- Alpha Spread / other automated tools: Low single-digit pence (e.g., ~1.9p analyst-linked in some feeds, but inconsistent).

- Consensus analyst 12-month target (1 analyst, e.g., via Marketscreener/Investing.com): **4.8p** (range 4.8p; implies ~14–17% upside from recent ~4.1–4.2p levels pre-latest raise reaction).

Zeus Capital (lead broker/research provider) issued reactive corporate notes (e.g., Jan 2026 fair-value uplift after twin drills/model update; March 5 ultra-high-grade reaction; March 17 infill contract). No public new standalone target in March 2026 snippets, but they remain supportive of acceleration and view Redmoor as strategically valuable in UK/EU critical minerals context (no specific pence figure publicly quoted recently).

### My View on Realistic Intrinsic / Fair Value Today

Given:

- Recent share price reaction (trading ~4.2–4.7p post-raise, up sharply on momentum).

- Tungsten/tin/copper prices far above 2019–2020 study assumptions.

- Imminent MRE update (end-Q1 2026) with 40–60%+ resource upside potential from 2025/2026 drills.

- PFS path de-risked by infill + funding.

- Duchy exploration optionality.

- Junior mining peer multiples (exploration/PFS-stage critical metals often 100–500m+ mcap on comparable assets).