Member Info for Propinquity

Don’t forget our incoming resource-upgrade - perhaps between an NPV between $1.5 - 2 billion!?

According to Google AI, every 10% increase in the price of tungsten, adds another $80 million to the NPV.

Https://www.reuters.com/world/americas/tungsten-rises-record-highs-export-curbs-turn-up-supply-heat-2026-01-29/

SML will only raise to increase the overall value of the company - such as the recent one to fund the PFS - and absolutely NOT for daily operational experiences, an unfortunate addiction afflicting many other AIM companies.

One word for this - diabolical.

Could this mirror SML(still a lot to go up there) - languishing at a silly market-value, then multi-bag before the good new starts? Quite possible now that it produces a critical mineral.

Mark Burnett says, ‘ "The positive results from the twinning drilling and previously reported outcomes of the continuity of structure and grade have provided the possibility for significant time and cost savings as we accelerate towards another phase of drilling operations at Redmoor. For the cost of drilling three twin drillholes, the programme has allowed for the inclusion of data from 30 historical drillholes to the model. The Board applaud the CRL team on delivering these positive results and outcomes.’

With the twinning-drilling now validating the thirty historical drill-holes, perhaps a lot of information for the PFS is already available, thereby reducing the time and cost to produce it.

Since Q4 25, this company has been leaving crumbs of clues throughout its RNSes, social-media posts, and interviews, from the oft-stated ludicrously undervaluation of SML compared with its peers’, to its various meetings with UK govt bodies, and to buying a drill-core cutting machine and conducting small ore-sorting tests - Benoit Blanc need not apply to unravel this story.

£2.2 million is cheap - for a critical-minerals company.

Maybe the UK govt’s tacitly encouraging SML to not sell out, because it’s planning on not only disbursing it further grants, but also on an expeditious journey through the regulatory quagmire of our beloved state, to chivvy it along into production.

Same to you, Muldoon, if you’re not already in it

Majortennis, Message in a telegram.

Tro, Standing order.

Lots of moving parts in SML - the pending five results from last year’s drills aside, the recent fund-raising allows further recruitment for accelerating the agile approach to SML’s project-management methods: highly likely that the team has already competed a significant number of requirements to complete the PFS. Without overly fast-forwarding into the future, I should imagine the results from PFS-specific drilling - starting soon, no doubt - will be plugged into it as they are revealed; read GMET’s RNSes from July 25 to December 25 on its approach to preparing its own one.

Yes, I know we still await the MRE before the PFS, but I am highlighting that SML will not wait for its publication before starting the PFS - it will start and complete the components that will not need drilling results.

DoBre, A splendid follow-on.

Our chairs are well resourced - with lots of spare legs.

Surprise, surprise - sellers participate in a stock-market; who would’ve thunk it?

To think that when GMET finishes its PFS - at the of H1 26 - it will re-rate again.

Which Ralph? LOL

Tro, Crypto.

Risible that SML, despite its significantly higher tungsten grades, stumbles along while both GMET and Tun West briskly walk ahead,