Member Info for Preston55

Don't tell him bluegrass!

Incorperating last drill result and considering potential in DOC land

When I spoke to my mate Grok and asked they/them to update the forecast at each stage, they reckon 6 - 8p at MRE, 9.5 - 12p post PFS & 16 - 20p post DFS.

I'd say the MRE is largely written (99%) with some sort of sensitivity analysis worked in prior to getting last couple of drill results, with minor adjustment upon receipt of last drill results. Could drop any day?

Sorry, prop meant to respond to your despair post!

Https://lookingforgrowth.uk/

Non partisan org looking to build a better Britain, has momentum, won't accept managed decline

Https://link.springer.com/article/10.1057/s41311-026-00752-x

This article employs neoclassical realism (NCR) to explain the United Kingdom's persistent failure to secure its critical mineral supply chains amid escalating great-power competition, despite clear systemic incentives to act. While structural realism anticipates balancing behavior against threats, the UK displays pronounced under-balancing, remaining heavily dependent on China for materials essential to economic resilience, green energy transition, and military capabilities.

Prop: looking at my Grok query re three stages and projected share price at each stage, the extension of ecploration into Duchy of Cornwall (when incorperated into initial question) provides upside at each stage for share price. Whether or not at PFS, largely depends on if any desktop study / surface sampling of DoC zone has been carried out to date.

Reasoning & How to Arrive at EstimatesResource Base: Started with 2019 MRE (137kt SnEq). Adjusted upward based on 2025–2026 drill results (e.g., >10m @ 2–5% Sn/WO3 in SVS zones), targeting 200kt as a base case. If higher (e.g., 250kt), add 25% to all EVs.

Valuation Method: EV = (Contained SnEq tonnes) × (Stage-specific $/t multiple). Multiples derived from:MRE: Low end of junior tin peers (e.g., early-stage explorers trade at 0.01–0.02x metal value).

PFS/DFS: Higher as studies prove viability (e.g., Elementos DFS implies ~4% of metal value after discounts).

Gross metal value = Contained × $50k/t.

Share Price Calculation: Price (p) = (EV in GBP) / Shares outstanding. Converted USD EV to GBP at ~0.77 USD/GBP. Assumes stable share count.

Upside Sensitivity: If tin hits $60k/t (+20%), add ~15–20% to prices. Bear case (tin $40k/t): Subtract 20%. Success at each stage typically triggers 50–200% pops, but delays/dilution could cap gains.

Redmoor positions SML as a UK critical minerals play with strategic upside—watch the Q1 MRE for the first leg up.

Interesting take from Grok, when asked to forecast share price at the three stages

MRE 3.2 - 6.4p

PFS 7.7 - 12.8p

DFS 12.8 - 22.4p

Https://news.ycombinator.com/item?id=46951761

No name / author to the article, mostly factual but i could have knocked that up with Grok.

Would this be on Sandvik's radar?

With the placing do UK PLC match the placing with further grants? Listened to Andrew Neil yesterday reporting on Davos, a guest mentioned Europe looking for the equivelent chokehold that China has on the US via rare earths / critical minerals

In the sml chart from the presentation its shows 5 tungsten mines in Spain also, however the grades are much lower that that of Redmor

i just turned off the bull**** tap

May have posted this before but if you ever wantedd proof of the mining history in Cornwall;

https://www.facebook.com/100057140392417/videos/the-central-mining-district/1052482168226773/

It's great to see a new website, i always thought that would have been such a low effort win for the previous BOD (almost like Covid gave the excuse to work from home and kick back with the cats). My advice to the current BOD would to put an obvious link to the presentation on the home page, I found it without the link posted on here but it's slightly burried.

I'm holding 9,000,000 since 2016, my hands are very strong

Same, sat on 70k loss for last 6 or 7 years, my missus took a picture of a rainbow over oir house yesterday, pot of tungsten.

Who was the chap who used to post links to songs? Must be a few apt numbers!