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It is strange this being one of highest tungsten grades globally no one is talking about the last few weeks on tungsten price, has gone through the roof following China controls last week.

Only adds to the giant potential here.

Yes exactly RAB have been selling BRES and a few others, everyone has their own reasons.

97million volume today and RAB had less than 60million shares yesterday if you assume they have 2.99% holding which is being very generous.

Either out already or out in next few days, a sub 3% RNS is actually very bullish as means seller is on fumes.

Atleast we know what held it back now, RAB crossed below 3% yesterday so are probably close to being out now.

Just to add 15% increase in tungsten price since $400million NPV broker note last week has already added $60million. $1billion NPV on maiden resource?

Tungsten price up another 15% in China since angels broker note of $400million NPV on the old resource numbers.

Just to give you an idea of how crazy the market is currently.

You might be able to buy back in soon 36800, I hope you get your target price before news lands.

Subtle deramps getting obvious at this point.

Similar to last month who can they shake out before the rerate continues.

2nd highest grades globally is a company maker. Eyes on the prize.

Worth reminding 1.1 year payback $400million NPV before maiden resource upgrade and increasing tungsten price. Blue sky potential is that upgrades closer to $1billion into maiden resource early 2026.

Let us see who bites into the shake.

Will separate the men from the boys.

I would be very happy with a new base around 1.5p give or take, with some more cash at the ready.

Build a new base shakeout the traders and derampers then a move to 3-4p on what I am assuming will be continued positive drill results.

Tungsten price looking very strong.

SML holding up very well in todays market.

As traders exit the true value will be seen over coming months, nothing goes up in a straight line.

Government meeting with SML involved is about as big of a clue you will get on the direction of this tungsten asset.

I do not see a play on LSE with the potential we have here. If tungsten keeps going up and drilling proves up a bigger resource then $1billion npv is possible.

Bluegrass tin results should land anyday, next tungsten results probably in a few weeks.

I would hazard a guess we see 3 drill results by year end.

A bit misleading there gordon, news is not taking longer than expected. Some of the drill results are in lab and will be rnsed shortly.

I do agree market makers will shake out traders.

Been an a nice run so market makers will try to shake it at some point.

Next set of results will see it towards 2-3p I think.

With director having a large holding snd more cash in the bank it adds greatly to the fact they probably do not need to raise anymore.

Warrants have been a great help.

Yea they already have part funded this, only takes 5 minutes research.

Amazing statement from director.

Also 2nd rns another £110k in the bank + the previous £160k.

Perhaps they will not need to raise for at least another 6months now. A huge positive.

Critical metals supply crunch is not going away, I think seeing what next drill results say and if positive it is an easy hold.

UK government meeting is another big hint.

Shakes a long the way and derampers will return to test people at some point.

MILA fantastic to see full licence option agreements being exercised.

12 month lock in period is also nice.

Great post and this why I am here, once market fully grasps the desperate need for tungsten this low market cap rerates above £100million by maiden resource early 2026 in my opinion. You can make money trading it and that is fine but the serious money is longer term.

“ As global demand for responsibly sourced critical minerals continues to grow, this forum provided a valuable opportunity to engage with policy makers and industry experts shaping the UK’s Critical Minerals Strategy. Dennis Rowland provided key insights from #SML’s flagship Redmoor Tungsten-Tin-Copper Project, including its receipt of UKSPF funding and strong support for the project from local stakeholders to demonstrate its potential to support UK supply chains and defence applications.”