Member Info for Tungstenman

Ironically SMK/Tungsten also acting as a decent hedge due to tungsten demand.

Https://www.foxnews.com/politics/trump-says-defense-giants-quadruple-production-exquisite-class-weapons-after-white-house-meeting.amp

£90m is correct - compare that to GMET and TUN . Min of 4x upside just to catch up . Current valuation is wrong in my opinion.

I think where SML comes into play here is on the M&A side. Companies already producing Tungsten (and already supplying the Pentagon) will be looking for continuity of supply. Those Tungsten producers are likely to acquire SML to insure they have high grade Tungsten in the Bank for future supply. The way this demand for Tungsten is going will probably see SML's Cornwall asset acquired. Just my opinion

Pentagon wants Tungsten asap -

Https://www.reuters.com/world/us/pentagon-sought-fresh-supply-13-critical-minerals-day-before-iran-attack-2026-03-04/

I’m told Redmoor is a Tier one asset - so glad it’s ours. Have a good weekend all

Https://image2url.com/r2/default/images/1772648029848-91c6b7af-0883-4be1-acef-8e9f0653ef91.jpeg

You can now count the days until the MRE. It always felt like an event in the future but the future is almost here. Once in a generation investment is old SML.

Does anyone have a spot price for Tungsten today?

Apparently it will take the USA 3 years to replenish weapons currently spent already in Iran. Factor in Ukraine and what Israel has depleted and the demand for Tungsten (even after these Wars end ) is going to be exponential.

Follow the money - Ask Central Brothers moving in here

With only the results from the metallurgical testworks outstanding, which the Company expects to further highlight the strengths of Redmoor's polymetallic SVS deposit, we are on schedule to complete the MRE and economic updates for the project by the end of Q1 2026 and move swiftly into the next phase of development."

And from a previously untested area. What the hell else is in that site that’s yet to be tested. I don’t think the market recognises just how good this site is. It’s exceptional IMO

$2200 - lovely

No smoke without fire - daily volumes ramping up

This MRE could be off the charts. Not long to wait now. Have a good day everyone - off to work.

Sp Angel note put a value of £300m on Redmoor. That’s the answer.

I think what’s incredible is the fact the 22% grade came from an”UNTESTED AREA”. That in itself is quite ana ing.

Trader boy - the big money always comes to those who wait. 4p is a nonsense for SML. 13-15p is more in line with our peers (£300m) and SP Angel has already suggested a valuation of 13p / £300m. Next leg up into the MRE should be more reflective of the true asset value.