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Published on Aug 26, 2016
When
pushed to answer the question of whether the Cobre project in New
Mexico or the tin and tungsten prospect is the more favoured by the MD
of Strategic Minerals PLC (LON: SML), John Peters is torn.
Describing the magnetite tailings operation at Cobre, Peters reveals that business with a major new larger client has “the potential to almost double our sales volumes. On a marginal revenue basis we’re going to be significantly up.”
Cobre as the first son is always ‘beloved‘ says Peters. “We don’t need to go out to raise to meet our overheads. We’ve got an ongoing cash flow and what looks now a good chance to possibly push into our maiden profit in this year.”
In terms of the Redmoor tin and tungsten project in Cornwall, the boss says “We’re looking to start that drilling programme in 2017, so we’ll expand the resource and reconfirm some of the higher grades.”
And here’s the cliff hanger and one which might see Peters’ favoured son demoted “the real upside could be had with Redmoor.”
http://www.4-traders.com/STRATEGIC-MINERALS-PLC-8137773/
Describing the magnetite tailings operation at Cobre, Peters reveals that business with a major new larger client has “the potential to almost double our sales volumes. On a marginal revenue basis we’re going to be significantly up.”
Cobre as the first son is always ‘beloved‘ says Peters. “We don’t need to go out to raise to meet our overheads. We’ve got an ongoing cash flow and what looks now a good chance to possibly push into our maiden profit in this year.”
In terms of the Redmoor tin and tungsten project in Cornwall, the boss says “We’re looking to start that drilling programme in 2017, so we’ll expand the resource and reconfirm some of the higher grades.”
And here’s the cliff hanger and one which might see Peters’ favoured son demoted “the real upside could be had with Redmoor.”
http://www.4-traders.com/STRATEGIC-MINERALS-PLC-8137773/
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