Ann: Results of Meeting, page-89

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Viper21

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25/06/17

02:46

Post #: 25474041
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Originally posted by Viper21 ↑

For any shareholders who need some confidence or reassurance in the company, here is a small update of Redmoor's progress from SML's directors.

When you have the directors of our $47 million dollar joint venture company calling Redmoor the "juggernaut" of their projects, you know the potential here is huge at a MCAP of only $4 million.

Looking forward to drilling results and seeing how big this resource really is.
Been very hard watching the SP come back to these levels but to me this is ridiculously undervalued.
Good luck to those still holding.

Both Wale and Peters think there is plenty more to come from SML.

At the recent shareholder meet and greet, management was frequently asked which of its projects offered the most upside.

Peters likened it to being asked to name which of your kids was the favourite, but he did give this synopsis of the SML portfolio.

“Cobre is like our short-term darling, because it’s going to give us the cash flow; CARE is probably our medium-term darling,” Peters said.

“Then we believe the juggernaut will come in, which is Cornwall,” Peters declared.

http://www.*.co.uk/companies/news/179077/strategic-minerals-spreading-the-word-179077.html

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No wonder why Redmoor is considered the "juggernaut" of SML's projects
With the size and quality of our high grade reserve, the potential of this project is huge.

"The project has been hailed as a revival of Cornwall's tin industry with reserves of tin and tungsten in the ground at Redmoor worth around $1.6billion dollars and the high grade material around $600million."
http://www.plymouthherald.co.uk/new...set-to-begin/story-30120638-detail/story.html

NAE Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Ann: Results of Meeting, page-89

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