Member Info for Tungstenman

Thats £100m profit pa x 20 years.

2 great articles GGG. £100m market cap for SML is just a nonsense now. $120m to build the mine and $1.5bn top line sales using $1200 Tungsten price. Spot price is already 2.5x that so Top line Revenue closer to $5bn. Thats about £200m pa based on 20 years and PBT likely to be over £100m. I am looking forward to seeing g this Zeus note

Remember GMET market cap is £530m market cap Vs SML market cap at £105m. SML has 4x more Tungsten than GMET at a considerably higher grade so based on like for like Tungsten asset our share price has 5x upside just to draw even. Also remember that SML has a $4m annual income stream that delivers $1.5m profit and strong cash inflows. GMET has no income stream. SML is about to dispose of Leigh Creek for $9m in total and will enjoy a 20% carry in the listed vehicle in Australia who is acquiring this asset. c$2m cash to come from Leigh Creek in the next 4 weeks to add to the coffers. I reckon we must have about £12m in the bank now - and don't forget Coffey who wont be content holding 3.3%

Enjoy your Easter -

"unrisked" not "unranked"

Hi Bluegrass - Still here and still fully invested. I just stepped away for a break following the arrival of some crazy uneducated clowns from EEE and OMI.

I had the privilege to be invited to the showcase event on Friday 27th March which was spectacular. World Class asset, World Class Management Team.

Fair Value Prices to be released by Zeus and SP Angel very soon. I am going for 20p based on Zeus valuing the unranked model at 9.8p and the risked model at 32.6p. Leigh Creek disposal to come and I reckon Cobre cash and sales update must be next week too.

Have a great Easter everyone. Still some very big Rabbits to be pulled out of the hat.

You hear it here first - 20p fair value

Institutions know this is a tier 1 asset and will now get behind SML 100%. Zeus note I hope will show a fair value north of 13p but true value is north of this.

Long term holders deserve to enjoy this ride from retail to institutional blue chip and I wish all LTH the very best of British . A British home grown blue chip co on our doorstep .

20p is my personal target but DYOR

Yes, not worth reading or contributing. Institutions are arriving so these crooks who have arrived here will be meaningless. Regardless- DYOR , read the research notes and don’t be influenced my morons and crooks.

I’m signing off and exiting LSE now. Good luck to everyone

I would encourage shareholders to read the 2 research notes coming out this week from SP Angel and Zeus in their investment decisions. Reading crap on this board from moronic posters is not helpful. SML is a high quality blue chip play.

Board is still polluted with morons hence my limited contributions.

Just the job. Hopefully he moves up towards 14% like he did in TUN in pretty short order. Big players arriving and more will follow.

Drug Addick - you best to nip back over to solg / clueless

Wrong

Mark has the mining background- corporate management experience viz a via structure, PR. More importantly challenging and acting independently when considering new shareholders being brought in . Are they investors or spivvs looking for a. 6 week turn

I’m very relaxed but seen this too often over the years. Just didn’t envisage SML being sucked in yet again.

6p to 3.9p in 3 days. Bent brokers, placees and management not doing DD on who they are bringing in as shareholders.

The non exec should be taking a more active role in the corporate PR and the plc structure including PR and screening placees. New investors ripping the arse out of the company having only invested for 20 weeks max whereas as most of us have been here 10 years or more. Board needs beefed up at the corporate level imo

agree hoppa - wrong shareholders in here. you have to question both placings and who was involved. the most shares that was issued was in the jan placing. seen this **** for decades and management never learn.

Preston the board is overrun with rats and spivvs now. Lowest life scum

Zeus first indications suggest 9.8p risked and 32.8p unrisked. Fair value to be released shortly so so somewhere in the middle - 20p most likely.

Taking our forecast tungsten price of $850 mtu APT and using Strategic’s NPV figure of an NPV(8%) of $0.88bn equates to a share price of 32.8p per share (unrisked) and 9.8p per share (risked at 30% of NAV). These are quick calculations and not our fair value but set against the current share price shows what could be achieved as Strategic go through the study stages. We will publish a new fair value based on Strategic’s new MRE numbers plus our own internal assumptions of price, costs (operating and capital) and throughput shortly.

Spot on Forensic. It was good to hear Mark confirming that both institutions and family offices are now on the shareholder register although not quite “notifiable” (yet)

This is what’s needed now to tidy up the register and clean down the wrong type of shareholder.

TUN is now institutionalised and SML will be next - that I have no doubt about after today’s MRE.

Zeus revised price being worked on. I’m going for 15p min having now fully read both RNS twice.

Hopefully Zeus go nap with their revised price this morning.

Hats off to this board of Directors- ingathering that quantum of info and executing in a timely fashion.

Don’t forget cobre numbers next week and Leigh Creek news pending.

Still to unmask the strategic investor.

Really can’t see a better investment on Aim especially when benchmarked against TUN and GMET.

Market has this priced WRONG and that’s how investors make serious money.

Thank you Board

4x more tungsten than GMET and at significantly higher grades. GMET £450m market Cap and SML is £150m market Cap. Do the maths - rocket fuel this MRE is