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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Strategic Minerals Plc | SML | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.225 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.225 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 20/3/2024 07:48 by iceagefarmer 20th March 2024Strategic Minerals plc ("Strategic Minerals" or the "Company") Mineral Rights Agreement Signed with The Duchy of Cornwall Tamar Valley Licence Area Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a profitable producing mineral company, is honoured to announce that its 100% owned subsidiary Cornwall Resources Limited ("CRL") has finalised an Exclusivity and Prospecting Agreement (the "Agreement") with The Duchy of Cornwall ("The Duchy") that will increase CRL's footprint in the East Cornwall/Tamar Valley region almost fourfold. Highlights: · This agreement between The Duchy of Cornwall and CRL represents the first agreement of its kind in modern times aimed at advancing commercialisation of The Duchy's mineral rights through an Exclusivity and Prospecting Agreement. · Agreement provides exclusive mineral rights to certain areas, adjacent to CRL's Redmoor licence area, located within the Duchy's mineral rights in North and East Cornwall, covering over 6,427 Hectares (64.27 km²), including the historically mined and highly prospective Tamar Valley Mining District. · CRL's regional exclusive mineral rights footprint increased almost 4 times to 87.95 km², up from 23.68 km². · Initial exclusive exploration period of 3 years, effective from 1st April 2024, with an option to extend further. · The Agreement provides CRL the exclusive right to negotiate and implement with The Duchy of Cornwall a further exploration deed and option to mineral rights lease (for mining) over the Agreement area. · Within the Agreement area, CRL has the exclusive rights to undertake exploration activities for all ores, minerals and metalliferous substances, alongside other stores of metals at surface, with the exception of those reserved to the Coal Authority, the Crown and Mines Royal. · Exploration activities will initially focus on a desktop review prior to the continuation of the low-cost, high-impact, regional exploration and targeting program, following on from the activities undertaken as part of the successful Deep Digital Cornwall Project. · Further additional targeted work programs are currently being designed and will be announced in due course. · The terms of the Agreement require CRL to pay an annual rent to The Duchy of Cornwall. · CRL commits to working with The Duchy of Cornwall to further the Duchy's development strategy to enhance economic, social, and environmental outcomes within the Agreement area. · Agreement further secures CRL's significant mineral rights position in the Tamar Valley of east Cornwall, with further announcements to follow. Commenting, Alan Broome AM, Chairman of Strategic Minerals said: "This agreement with The Duchy of Cornwall materially strengthens CRL's mineral rights footprint in the Tamar Valley Mining District by increasing it by a factor of almost four times. Strategic Minerals and CRL are honoured to be trusted to deliver progress in compliance with The Duchy of Cornwall's strategic objectives. The CRL team is excited to progress initial reviews of the data and historical information available aimed at determining the design of the most logical work programs, with further announcements to follow. "CRL's regional presence has been significantly strengthened with the addition of these prestigious mineral rights in areas that historically supported active mining within the Tamar Valley Mining District. This development further underwrites the Company's strategy to be part of, and benefit from, the resurgence of mining activity in the UK and directly contribute to the deliverability of the UK's Critical Minerals Strategy and Cornwall's ambition to be a world-class region for metal mining and georesources." Commenting, Joshua Conibear of Wardell Armstrong LLP, the Duchy of Cornwall's Mineral Agent, said: "The Duchy of Cornwall recognises the importance of the potential resources of Critical Minerals located within its mineral rights holdings and grants appropriate agreements with companies wishing to explore these opportunities." |
Posted at 07/3/2024 07:18 by sleveen Good update.""Discussions continue with another potentially large client at Cobre but, due to recent increases in activity, such discussions are now focussed on future years supply. "At present, we anticipate further news flow from projects this month and beyond." Looks like SML will have to increase capacity to accommodate the new large customer. Which is fine by me as I've no wish to see the Cobre either financially or operationally overstretched. |
Posted at 21/2/2024 19:52 by troutisout Looks like Golden Cross time here at SML, coincide that with some positive news soon and the share price could easily get up to the 0.4-0.5p area.free stock charts from uk.advfn.com |
Posted at 15/2/2024 13:59 by sleveen Large customer returns with a vengeance, a new large customer likely.SML priced to go bust, unlikely now. |
Posted at 09/2/2024 14:37 by ajmace Great podcast.Q1 sounds to be a very positive news time for SML |
Posted at 06/2/2024 16:39 by parob #SML - there it is. Clean break of a 3 year downtrend . Looking for that horizontal level around .4 as the next stop . News forecast could see it push through that level .hTTps://x.com/style |
Posted at 05/2/2024 09:40 by slingerman I total agree and also SML used to have leaky news.. has someone DRIPPED news out to friends (traders).... surely NOT! |
Posted at 18/1/2024 09:08 by ajmace What fabulous news.Old major client has already bought 30000 tonnes for 2024 and another big client may follow.The tide is turning for SML.Cannot wait for the Redmoor news in Q1 |
Posted at 28/9/2023 13:21 by texaschaser SML Leigh Creek production in 2020Read it again. |
Posted at 16/1/2023 12:31 by aimbagger Great post on LSE:SML is currently trading at a P/E ratio of 70.253 year average for the metals industry is 31.2 so 31.2/70.25 = 0.44 x 0.28 (current SP) = 0.12p is what the share price should be on average based on current income (cobre) only - does not take account for redmoor or LCCM assets.Revenue estimation is 300 tonnes per month x $9,000 USD = $2,700,000 per month x 12 = $32,400,000 per year. Lets say we actually make 10% of that as profit after funding/labour/BOD costs, missed targets etc = $3,240,000 per annum.$63,500 is last year's Cobre profit so $63.5K + $3,240,000 = $3,303,500 annualThis is 3,303,500/63,500 = 52.02 x higher than current profits.52.02 x 0.12p = 6.24p est share price once LCCM is rolling & producing. This is quite a conservative estimation too (based on 10% of expected revenue being profit).I am hoping that SML have learned from the mistakes of previous tenants of LCCM and hope the facility is up to scratch after phoenix's $20m investment into the facility before they left it (+SML's adjustments). Hopefully if they adhere to the DEM's recommendations and have the support of a major copper supplier they can make it profitable. I have a good feeling about the next month or so - GLA |
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