Member Info for Tungstenman

A simple distribution/ processing deal keeps us at arms length from TUN management. Tun won’t be the only processing plant in Europe that has capacity for our high grade product.

Good points Stevie. We really haven’t heard much on commercial partnerships or future plans but I’m sure this has to be going on behind the scenes. Share price in limbo at the moment as the market waits patiently for the MRE

Great management team in place here and I’m confident they will strike the right commercial deal on our tungsten asset

No milk and biscuits for Dennis this week. LOL

Don’t be surprised to see buybacks being introduced again and higher dividends. Far East assets performing ahead of expectations and will be confirmed in the coming days. I also think some serious corporate action will happen as the NS consolidation plan gathers steam. Serica tie up this time round could def happen. As for the share price - I’m expecting big things

1. Two more drill results

2. Leigh creek disposal

3. Listing on ASX of copper assets

3. MRE

4. Cobre sales and cash balance

New Orny. We are still waiting on 1 more drill hole . I think SP Angel are probably waiting to see this last result. We are also waiting on the Leigh Creek listing on the ASX along with the cash. Again SP Angel would probably like to issue their note with both of these corporate actions completed.

It’s going to be an incredible first quarter here. 6 weeks until the MRE.

SML market cap now only £78m making us the stand out investment in Cornwall based on the high grade Tungsten we hold. Compare this valuation to Tungsten west who will have over 1bn shares in issue on Friday 27th Feb. Tungsten West valuation will be in Excess of £300m !!!!

Best upside opportunity lies with SML based on the high quality Tungsten and current market cap compared to its peers. 5x upside min for SML whereas TUngsten West is probably now over valued.

And I think 20p is an acceptable and fair price. SP Angel is already at 13p pre MRE.

Surprised SP Angel haven’t released a fresh broker note yet. I would also like to see some heavy PR lined up for the day of the MRE release.

Good article prop. Just have a hunch the Americans will eventually bag our Cornwall asset. Any other views?

I wonder where we are on the Leigh creek disposal - can’t be too far off now

Business now scaling at pace along with a strong tail wind of contracts. Can’t see past this now - the market loves proof of scalability

Https://mol.im/a/15555127

Very latest broker targets from Peels and Cavendish are 24p and 26p respectively. Trading update is due within 10 days so we should hear more about their Far East strategy which is proving to be v fruitful. I see the price moving up past 20p in the v short term.

Im not a fan of Tungsten West but the fact Cornwall is attracting interest from Billionaires can only be good for the sector. Lets hope another billionaire pops up here at SML as a notifiable holder.

Hats off to Tungsten West getting Greg Coffey on board - absolutely WOW. thats really gonna set things off down in Cornwall. Wow

Greg Coffey worth

Net worth. In 2013, Coffey was listed on the Sunday Times Rich List with an assessed net worth of £260 million. As of May 2025, the Financial Review assessed Coffey's net worth as A$1.24 billion on the 2025 Rich List.

Looks like another Director buy. Chairman purchased 100,000 yesterday. Directors obviously clear to buy again

Is serica going to bid or have we found a transformational monster asset in the Far East. No smoke without fire

Valuation here is far too low - contracts and order books at highest levels for many years.

It now makes sense for TUN investors to switch into SML based on the potential upside for both respective companies. Institutions are selling out of Tungsten West as demonstrated by the last 4 RNS. I personally cant see past SML as the clear Cornwall winner. DYOR

Spot on Bluegrass. The price needs to be over 10p to make anything meaningful from the 3.5p base price.