Member Info for Tungstenman

Just need to see this seller out today., Looks like they nearly finished based on the RSP and order books. I am expecting 5 RNS 's before month end and a share price considerably higher than 4p.

All part and parcel of a re rate process. 2 steps forward 1 step back. SML has a very long way to go as part of the re rate

1. TUN - £290M Market Cap

2. GMET - £335M Market Cap

3. SML -£90M Market Cap

And SML has higher grades than both GMET and TUN combined. We also have monthly rashly of $350k and about to list our Copper asset on the ASX

I wouldn't worry about a "W" type pull back. All part of the re rate to 13p min

Take your point but its all about Grades and the cost to get it out of the ground - ie gross margin. TUN needs to lift 6x more out of the ground (at a substantial cost) than SML based on the grades. I might be biased but I'm a high gross margin investor and SML ticks all my boxes

TUN now up 19% which is 3x the value of SML yet our project dwarfs TUN on grades and tonnage. That 13p looks about right

Give me a shout when someone pays 10p. Nothing to get too excited about yet. Still miles behind our peers yet our grades and tonnage is the second highest in the WORLD.

Nice controlled re rate towards 13p. TUN motoring faster than SML at the moment but we will catch up , that im sure about.

Tungsten West heading for 40p after an 18p placing. Cornwall is on fire and we are yet to catch up despite being the best mineral play in Europe let alone Cornwall

I reckon 5 more RNS before the MRE valuation. Roughly 2 per week looking at the calendar. Agree - £300m market cap is fair value. Big difference with SML is the £4m income stream from Cobre which deliver £1.5m profit. All the other Cornwall plays don’t have income never mind profit. Further more our copper listing in Australia will generate huge value along with the £4m of hard cash.

Outstanding news

Note that Zeus see 4.8p as merely a “stepping stone”. I personally see 13p as a stepping stone. DYOR but this is a once in a generation investment for sure.

Strategic Minerals is still significantly undervalued against its peers, some of whom are not as high-grade or as advanced and we see a tremendous opportunity for Strategic Minerals to improves its perception and therefore valuation in the marketplace...

...We raise our fair value today to 4.8p (from 1.9p) which we view as only a stepping stone. We look to properly revalue Strategic Minerals on the release of a new Mineral Resource Estimate and updated scoping study. We expect Strategic to fast-track its Feasibility study. There are many new tungsten projects being discussed in the junior exploration world, but none have such a high-grade potential as Redmoor has in our view. Redmoor continues to deliver on its promise and we have no doubt the remaining five drill holes from the 2025 drilling programme will continue to show elevated, high-grade tungsten assays"

Excellent week for SML holders.

Not getting too excited yet as we nowhere near SP Angel target. However the gap is begging to close and another 10p will do the trick.

Cornwall really is on fire following TUN placing and Cornish Metals working on a £225m facility. Interest is ultra brisk.

Roll on next week.

Wall st up 2.7% tonight

Well up again overnight. Kick on on towards $70

Only 6 weeks now until the MRE. A bit like getting your house revalued after 15 years.

More drill results expected before that event though - roughly 1 per week.

I’m personally hoping to see a double digit share price on MRE day.

Bluegrass - again most trades from yesterday. I see a 3.25 x1m and a 3.29 x1 m . Buys

Lots of drama, lots of volume and mega interest in the mining sector in Cornwall. Right place, right time , right asset and all that. Roll on tomorrow. 59m volume and shares unchanged.

Tree Shake didn’t work as planned but some weak holders succumbed to their dirty tactics. Lots of gyrations as part of any large re rate and SML is no different. 13p min short term target using the data that’s been published this far. The MRE might take our price past TUN now . Keep the faith - brilliant management team in the saddle here .

These grades are just superb

Strategic Minerals PLC has announced positive drill results from its Redmoor Tungsten-Tin-Copper Project, with drillholes CRD038 and CRD040 confirming the presence of Sheeted Vein System (SVS) mineralisation within the previously untested Redmoor Exploration Target, expanding the modelled orebody. Notably, CRD038 intersected 18.80m at 0.38% WO3, 0.15% Sn, and 0.32% Cu, with high-grade intervals including 0.70m at 5.49% WO3. CRD040 provided positive twinning results, reinforcing historical data and potentially reducing future drilling requirements. These findings are expected to positively impact the forthcoming Mineral Resource Estimate update and support the company's view of Redmoor as a high-grade undeveloped tungsten resource.

Looks like hairspring increasing stake

TUN always had the sword of Damocles hanging over them with that mountain of debt. Sml has £4.8m of cash, no debt and a£4m annual income stream. Debt can be useful but not when you don’t have an income stream. SML has the right model, best Asset and is the plum pick out of all the mining plays in Cornwall.