Strategic Minerals PLC. Stock Analysis SML.L

Strategic Minerals Plc engages in the exploration and development of mining projects. The company has an operation in the United States of America along with development projects in the United Kingdom and Australia. Its Southern Minerals Group LLC segment is involved in the sale of magnetite to both the United States domestic market and historically transported magnetite to port for onward export sale. Its United Kingdom segment is involved in the investment in the Redmoor Project in Cornwall, United Kingdom. The Head Office segment incurs all the administrative costs of central operations and finances of its operations. The Redmoor Project is located between the village of Kelly Bray and the town of Callington in southeast Cornwall, approximately 25 km by road from the city and port of Plymouth. Its Cobre operation sells Magnetite from a treated stockpile. The Company’s subsidiaries include Central Australian Rare Earths Pty Ltd, Iron Glen Holdings Pty Limited, and others.