Member Info for Slurm

LOL, my advice is dont look, my break even was 0.47p, after a little derisk at 3.5p im staying on this one for the ride of a lifetime, i do believe SML has way more push in it.

I liked zeus's bit...."We put a fair value on the project at 4.8p per share by updating the tungsten price in our initial model to $650/t – still at a major discount to current spot. We will update our fair value in line with our new understanding of the tungsten price dynamic following the release of the new MRE. "

lol $650/t, not even close.....

Because they are the drilling experts and also reduces "salting" opportunities/concerns

I cant help thinking such posts are a less obvious deramp/confidence shaker, you might as well say the PFS has been priced in, whilst there is always a chance to some it has a bearing, SML is so under the radar of the market and the public that a strong good news story could have an extraordinary effect on the SP.

To compare to an oil company is just not on par, has oil increased in price by 5 times in the year prior to the RKH news that went a little flat? silver/copper/tin have also sky rocketed, i just dont feel there is enough similarities to take these 2 seriously

I think the response will be in proportion to the size of the MRE

I hate to say this but I think the MRE is going to be out of date the moment its released, some consideration will be included as the 12 month rolling price used for the MRE is woefully low....even with this in mind its going to be a banger of an MRE

....monday morning would be a great day for a big piece of SML news.....

Could be, a fair bit of volume on the buy side

@prop i would give you a kiss for an SP in double figures.......

You are of course welcome, just a reminder sarcasm and taking the p*ss not obvious all the time in written form

I agree with Danno01, this is about it being attractive as its on home soil, its more than likely that UK/EU will want this mines output to stay close to home, US has Idaho and Nevada tungsten mines being worked on so they will at some point have their own domestic supply, where as europe only has a smallish mines in spain and portugal.

I think "want" is more the word and GL with that, a fair amount of time its hard to work out if they were buys or sells, let alone the impossible question of who

Trades were made and then they were reported after the fact, what more do you need?

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Zeus's summary

The silver as "recoverable"

A new zone of untested mineralisation - this will be added to the MRE

Strong, repeatable intersections and grades of tungsten, tin, and copper (and silver).

I would think they are waiting for the MRE as any "guess" of value may just do SML a disservice.

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Wow, to that tungsten and wow to that silver, this is why I am a believer in the duchy lands

Yes prop, and im still waiting....

You can thank Donny.....as below nothing has changed, all good,

I think its quite possible the fuel price jump would factor in to a lot of miners, its up over 30% in the last week or so, and may get worse as no one can will risk passing the strait of hormuz.

it was only a week or 2 ago, when i was saying that fuel was reasonable and stable

Be smart, cheat or be first.....