Member Info for WattaAMes

SECOND RNS!!

https://www.londonstockexchange.com/news-article/SML/redmoor-updated-economic-sensitivity-analysis/17520793

Any guess at what adding 20% more tungsten to concentrate does to previous economics? Nice to gain some precious metals exposure from the project too

There is an amazing headline 0.6m at 22%. I’m more impressed by the 12m at over 1%. Other projects mining dust compared to that

Looking at the image of the model….

If the hole went right through the gap in the model and has found the same good stuff…

Can we assume that the gap gets fully filled in? Look like it says so. How much does that add? It looks big!

Have been researching southwest projects for another punt. But really need to ask what has Tamar done, and what does it have to show for itself? Being cheap isn’t excuse to buy, if it doesn’t have legs to grow.

I can see Godolphin did nothing but buy up a database of mine models, but other than that, no exploration.

Tamar seem to be squatting mineral rights next door to two other companies hoping one of them may come for a sniff. Does anyone see that happening here if Tamar can’t put some money in the ground and show it has something worth buying! Where’s that money coming from, as to date, “the King of Tin” hasn’t found any, in fact seems to have forgotten this company exists and that he leads it.

It’s a target not a resource, and all they’ve found so far is a few grab samples. GWMO have a great track record of over promising ahead of a raise and not delivering. Tungsten their next carrot having not delivered any gold or copper

The Zeus review seems to have gone further into detailing the cost and time savings

“Incorporation of SWM drillholes a cost and time saver. The results of the three infill holes announced already will allow the full incorporation of the SWM drillhole database into the new Redmoor MRE. The continuity and reproducibility of grade and structure across the spacing between the drillholes is deemed acceptable. To put this in context the 9-hole (5,000 m) drill programme at Redmoor cost c.£1.5m to complete - 1/3 of that was twinning holes – so (back of an envelope) for drilling 3 holes for £0.5m Strategic Minerals can incorporate 30 more drillholes, which would have cost, taking into account depth of drilling and economies of scale, c.£5m and taken a year (Zeus est.) to complete. This is an impressive saving and accomplishment by the Redmoor team.”

Wow! Not sure I have seen anything like this before

Surprised to see the SP up today following a poor MRE. Tonnages and grades and therefore total contained metal have fallen significantly for tungsten silver copper and zinc compared to last resource. Last resource unreliable, if a year of drilling has led to a major downgrade.

Saving grace is the very high tungsten price which makes more of the resource economic, therefore the RNS highlight of 16% growth in tonnes within the pit ie the pit just got bigger to accommodate lower grade rock! Just a bit of spin to hide the bad resource numbers. So many other problems.

Cornish Tin is a joke only useful for some peoples EIS tax offsets.

They have no tin resource after spending lots of investor cash on two drill programmes.

Unless anyone knows any better how would they manage to bulk mine millions of tons of granite for potentially low grade lithium in an underground mine in Cornwall away from the clay pits where the other projects are based at surface. Not economical

Is it about time Redmoors value was recognized in the SP. Should be worth many millions with its resource.

Read the 5 jobs, salaries listed. Major new spend, bullish!