Member Info for Propinquity

Spot, Thanks for your post; my aim is to be helpful by presenting as many facts as I can muster - rather than engage in childish spats - to aid in building an investment case for PIs.

Https://www.mining.com/tungsten-west-produces-first-trial-concentrate-at-hemerdon-mine-in-uk/

Anxiety, Thanks for the comparator - I’ll take a look at it.

It may as well be written in cuneiform - all gobbledygook to me - but, the main points: more tungsten, tin, copper, and silver equals more value.

Gingy’s worried me into selling up my whole lot - tomorrow morning!

Https://discoveryalert.com.au/china-export-restrictions-tungsten-antimony-2025/

For a quick, comprehensive insight into SML’s current position - and hints on its future: https://www.youtube.com/watch?v=WVv3RgH2F_I

Ivor, For clarity on whether SML would push through to production - Mark Burnett stated in the recent investors presentation that that is their intention.

If Tun West is valued at a fully diluted £200 million, and SML reaches a similar price after its resources’ upgrades, then how about a merger between the two to create a new nigh-on £500 million polymetallic British company that mines on its home ground? Not fantastical, at all: they are less than twenty miles from each other, have easily accessible sites via existing transport-links, have economically mineable quantities of tungsten, and have lots of explorable territories.

A lovely little sweetener sprinkled on top, perhaps - Myles Campion mentions that shareholders should look out for a potential rare-earth project in the making that would introduce a third party jumping on board.

Difficult to disagree with those numbers.

For clues on those mutual benefits between the two companies, analyse their previous RNSes and investor presentations.

Cannot reiterate enough how important the Hermedon plant is to pushing Redmoor to production in a much shorter timeframe than would be otherwise expected - just my opinion, of course, but some form of synergy will naturally manifest itself between Tun West and SML.

Less than twenty miles away from Tun West’s Hermerdon is SML’s Redmoor - both have respectively declared about benefitting from further tungsten deposits and existing ore-processing facilities; synergies abound.

Stocks, I was thinking the same about Pure Tungsten buying us - I’ll drop their CEO a message on Monday morning. 😂

Were they buys or sells?

The following presentation from a company called Pure Tungsten highlights the paucity of non-conflict Tungsten producers - those outside China, Russia, and Vietnam (tungsten mine owned by China) - and how much upside potential they can produce: https://static1.squarespace.com/static/639b3dc962dac22466431077/t/6892572354c3ca2ef8e4429f/1754421041164/PureTungsten+%26+GBI_Merger+-+July+2025.pdf

An insight into Tun West non-conflict tungsten producers - only three in the world outside China, Russia, and Vietnam: https://static1.squarespace.com/static/639b3dc962dac22466431077/t/6892572354c3ca2ef8e4429f/1754421041164/PureTungsten+%26+GBI_Merger+-+July+2025.pdf

Spot, Good summary - and he said it was six million tonnes of learning, which is unheard of in the mining world, from which all processes can be improved and refined.

Thanks for taking the time to sit outside the drilling site and taking the photos to update us all.