Member Info for Tungstenman

Serious value to out here at $1Bn NPV - convert that into price per share. Do the maths - 15x upside from current levels.

It’s amazing the amount of crap being posted here just to allow crooks to trade this stock. Long term holders look past this as they understand the true value. Short term this goes to 5p then onwards to 13p which is closer to SP Angel valuation. It’s frustration to see crooks being able to buy at these levels.

1.1p is overdone IMO but nothing funnier than the market. I think we need to see Leigh Creek bagged asap.

Cuprum Pty Ltd is laser-focused on reviving and expanding copper production in South Australia's copper-rich Northern Flinders Ranges. Our immediate objective: swiftly acquire the Leigh Creek Copper Mine (LCCM), a brownfield asset with proven JORC oxide resources, and restart operations within 6-8 months from full funding via low-capex heap leaching.

We'll ramp up to 100 tonnes of contained copper per month in the near term, then scale to nameplate capacity, leveraging the refurbished Mountain of Light plant — complete with filter presses, gensets, and labs — for efficient, low-cost recovery and an existing offtake agreement. The next stage is increasing output to 300 tonnes per month.

Backed by exclusive agreements and project finance discussions, we project robust free cash flows over an initial 9-year mine life, with off-take secured via Adchem. But we're not stopping there. Cuprum aims to become the regional consolidator, acquiring nearby deposits, exploring sulphide potential beneath oxides, and enabling toll treating to extend operations and unlock untapped value in this geologically promising area.

Join us in transforming legacy assets into a dynamic copper powerhouse.

It's no biggie if it doesn't as its on the books for Zero and the company has significant amounts of cash. The reason its a game changer is for the reason its on the BS at zero. $9M of proceeds to be booked as a 100% gain.

SP Angel had a note out after drill hole 2 which valued the asset at 13p. Hopefully they follow up tomorrow again after digesting these results today.

Leigh Creek disposal is a game changer for SML as the asset is on the books at ZERO. It’s worth $9m to SML as well as a 20% carry in a new copper IPO. SML has lots of strings to its bow and they all in play big time.

Leigh Creek disposal is expected to go through this month.

I think we can safely say this asset is exceptional.

If the Board has had an approach from China for our Tungsten asset then be rest assured there will be approaches from the USA too. I’m not really surprised to be honest but the right time to consider a sale is after the resource upgrade. The value should be more than double current values based in the data this far. Anyone care to put a value on the Cornwall asset for a standalone sale?

Hopefully we hear a bit more from the board about the approach and next steps. The article felt it was a real dig at the UK government to get their finger out - again there is 2 new Critical wealth funds announced this week, have we applied for any of them. Again maybe a board update clarification on this too would be useful. Have a good weekend all and lets see what awaits us next week - more drill results I suspect.

Is anyone really surprised SML is now "in play" as a takeover target. SP Angel has a 13p value on the Cornwall asset alone and thats just after only 1 drill hole. If we get 1 bid or an approach then watch all the others follow for the bun fight. 20p might not be too daft after all. That will leave us with Cobre generation £2m and a 20% stake in a copper play and c£300m in the bank. That will do.

So much nonsense being spouted on here now. The Leigh Creek deal delivers $1.9m cash immediately on execution of the SPA then a further amount of $4M and a 20% carry in the ASX listed copper vehicle. Cobre will be continuing to generate large amounts of cash on a weekly basis so the $1.9m isnt even required and remember - Leigh Creek is on the Balance sheet at ZERO. A $9m clean profit on execution before YE for a non core asset. Focus on the facts which LTH do.

Just to reiterate SP Angel have a 13p value on our Cornwall asset, Leigh creek sale pending for £9n plus a listing in Australia which SML will hold 20%. Cobre delivers £2m of free cash pa. Try compare that to some of our peers who badly need cash. What I’m seeing here is scammers piloting the board with false information for personal gains.

Management have huge skin in the game and have reiterated the business has more than sufficient cash. Cobre delivers £2m of free cash so why would they do a placing. This board is now being polluted by crooks and scammers which genuine holders can see . It’s a sad way of making money but London markets are full of these scammers. JBC etc

Managed to add c600,000 today in a few shapes all sub 1.5p. Hard to believe but it was there and I took it.

An arms length processing deal at best but only if Tun are the cheapest price for processing. There are lots of processing plants in Europe and it may well be cheaper to have it processed outside the U.K. . I wouldn’t worry about the share price for now. It’s only going one way following the quality of the assets in Cornwall. Let’s see what Zeus say in their next note . Lots of newsflow to come here before YE.

There is only 1 option available for SML with regard to TUN. That is for TUN to process SML's high grade Tungsten - full stop. Some kind of processing agreement subject to a competitive tender. TUN is vastly over valued and will be owned by the CLN holders who I am sure would welcome the opportunity for a long term agreement to process SML Tungsten. SML assets are in a different league and should NEVER be considered for a dilution/merger with TUN.

I am expecting a revised note from Zeus this week which incorporates todays news. SP Angel revised their price after the first drill result to 13p but Zeus will sure follow now and possibly even higher than 13p . Lots of experts on share price today but the asset is there and they dont make this stuff anymore. Slam dunk investment opportunity and a once in a generation AIM play

Poor Ralph - missed the train at 5 different stops now - LOL

Have a good day Ralph