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MM. I can't help with Savannah Resources, but I would make an observation about your CUSN thinking.
Although production at CUSN may be several years away, do not expect the share price to go sideways. The share price is at a huge discount to its potential future price for several reasons.
1. Time - Obviously you have a discount for money which may arrive in the future
2.Stock specific risk - Who knows what will happen in the future to the drivers of value at CUSN e.g. the tin price
3. Market risk - Who knows what will happen when / if QE is reduced for example.
4. Funding risk - Will the company be able to raise the finance to reopen the mines
But as time goes by, more of the uncertainties become known. More announcements are made which clarify the outlook relating to the company. The discount being applied for these has been and will hopefully continue to reduce.
We expect over the next 12 months or so a series of announcements about the lodes at United Downs. Hopefully each of these may boost the prospects and the share price.
The funding issue may be resolved with Government grants, off-take agreements, loans or equity finance. When this happens the discount for funding risk which in my view is currently substantial may disappear, leading to a sharp share price rise.
So, for the above and other reasons (bids, exploration finds, other company's news etc), I expect the next 12 months could see the share price move up quite strongly, well before any mining starts.
Hi Guys, been following Cornish matal for a while now. There seems to be a few knowledgeable people on here, I'm definitely an amateur investor and I have shares in Savannah Resources and through that have found Cornish metal aswell.
Now I know that this is a Cornish metal forum bit I just wondered what your view on savannah was as I think there closer to production that Cornish are, I'm hoping that the price goes up for them soon (after the EIA) and then I can then take any profit and invest it in this. As this seems a few years away from anything meaningful yet?
I think CL is aiming for the pilot plant at Trelavour to start producing in 2024, but I expect they hope to beat that. I vaguely remember a 20,000 tonne per annum output is aimed for, but I may be muddling up with British Lithium.
Good observation about valuations. CUSN is sub £40m, whilst EMH is £150m+
EMH is to start in 2025, ramping to full in 2028.
SAV in Portugal is intended yo start next year. Its open cast and about 1,3% lithium v 0.6% in Czechia.
Which company is it that you refer to that is exploring for Lithium North of Bodmin?
Your info from Germany /Czech is very valuable. Do you know when their production is likely to start?
My understanding is that Spain and Czech republic are likely to be producing at $3-4k / tonne, but Cornish Lithium’s cost of production will be less because infrastructure is already in place.
Also Germany/ Czech and Spain/Portugal, have both got problems with their local populations. Germany has got a museum on top of the resource. Whereas in Cornwall the population is very positive and supportive.
I think CUSN has far higher share price growth potential than EMH. It’s at a much lower valuation and will make much greater profits. Czech government will help funding but the profit will be further down the chain in battery and car manufacture, not mining,
It seems CL is powering ahead with the effort to produce Lithium in Cornwall. As shareholders in CUSN, we owe a debt of gratitude to Jeremy Wrathall who discovered and told CUSN about the Lithium lode (Copper and Tin) at United Downs. That discovery may make financing the return of mining at South Crofty possible. It is remarkable for someone to give up a successful career to follow up on a hunch and achieve what JW has so far.
My understanding is that the Trelavour site - North of St Austell will be the likely first CL project into production using a newly developed system. The drilling is going to determine the minimum extent of the resource, which is both in rock and in the spoil tips (Cornish Alps).
CL recently had another equity issue through Crowdcube which went extremely well (£8m raised giving a valuation of the company of around £80m-90m). This roughly doubled the valuation since the previous capital increase about 6 months beforehand.
The information available to CL investors is not as good as the information available to CUSN investors, as CUSN has to abide by both AIM and Canadian listing rules. However JW or Derek Linfield told me that it is their intention to float on Aim in 1H 2022 so information flow will improve as will their presence in the media - good though that has already been.
There is good info available on
and from its competitor British Lithium
I suspect when CL comes to AIM there will be a surge in interest, which will boost knowledge about Cornish Metals too.
Totally agree with Vii a 10 bagger
I don't know whether this will come to anything, but we'll see
Good to know that Vii and CornishK did not counter with a negative. Thank you for taking my post seriously.
The interesting part as a holder for me was brought up again buy the ceo. The tin & copper are by historical terms there for all to see.
I am also investing. Investing in what could be a huge lithium supply for the UK ( note uk when compared to Oz super mines Kali and Pilbara ). To have even a chance of cheap shares on issue or even freebies +++ royalties etc mean as an investor we have a loaded deck in our favour ?
I am extremely happy at this point in time.
Any thoughts on North Bodmin ? This IS when I buy £100,000 sub £1.00. CUSN or spin off could well be in excess of this if my reserach is correct. Very much like South Cinovic is pay day and the further North towards the German border becomes weak as depth increaes.
Bodmin North East is my choice and it should be the UK Gov's too to get Lithium.
The share price at present is at a huge discount to broker valuations. The latest Hannam, valued the shares at 22.2p.
But hang on, that 22.2p was on the basis of taking less than 50% of the NPV of the SC and UD projects. And those NPV's were calculated using way out of date tin prices i.e. too low.
Then you have the potential of all the ore which is not taken into account in the NPV calculations. Indicated and Inferred at SC totalled approx 4 m tonnes, but RW estimates that SC could hold 20m tonnes. The upside on these shares is massive if all goes reasonably well. So, my advice is, if there is a bid, don't rush to accept/cash in a significant profit unless you know of another investment that has a very good chance of being a 10 bagger.
For the majors to come back to Cornwall would certainly be interesting. In the past Rio owned South Crofty, Pendarves and Wheal Jane. Billiton (BHP) owned Mount Wellington. Generally they moved away from smaller mines to super mines, which is why there are no Major owned tin assets.
BHP are also trying to diversify into ‘greener’ areas
. See article below.
I watch Cinovec mine developments in Czech very closely as it is a for runner for Cornish Lithiums predictions/reports and leading to JORC.
I mainly get information regarding mine progress of Cinovec and their gossip from the emh forum here.
There is talk that Rio Tinto are looking around to begin to pick of duristictions of safe government and 'metals' assets, which has appeared over there.
Would there be a possibility that a mining major may pick off Cornish Metals and private Cornish Lithium considering most of the permit work is done and the brine carbon foorprint ( comparrison to Standard Lithium & Vulcan Resources ) will be low , allowing for most new technology adaptions on plant footprint and waste etc to come in at similar levels ?
To an amateur investor like I am , if I was looking round the world Cornwall has progressed over the last decade , is mainly pro and proactive for mining , employment and infrastructure improvements, so why would I not offer to buy both out ?
An interesting question that I can't seem to put aside ?
I have been thinking this for a few months now, but with Rio coming out this week and suggesting increasing investments in metals , it has turned me back once again to why would you not try ?
Either way I am in and upwards of £15,000+ so I am in.
Happy for Cornish Lithium to spin out and take my cut too.
Taken out by a major takes some if the fun away, but I will profit well from any deal, the metals are there at fantastic grades across Cornwall, no doubt in my mind.
It’s having a good day over here today so far. Up 8% to 27cents on good volumes.
Thanks for the links, I can't see a downside to this company. I just got "stop lossed" out of Syme so will use that money for an initial investment in this.
Just bought my 3rd £1000 in Cornish. Feel safe 10p is history now. 20p next
"...........................However, the Lords warned that this would be impossible without securing the basic materials needed for the batteries, as countries including China and the US seek to guarantee their own supply chains. It called on the Government to outline a “critical raw materials strategy” that made better use of domestic resources..................."
A good start point for your research is :-
I was reading about the soon to be urgent need for battery grade lithium in the paper today. It seems to me to be a wise move to invest in a company mining it in Britain and I imagine that the battery manufactures will need it in bulk. I am thinking of having a go in this as I can't see how it could fail to be an interesting ride in due course.
You mean all time high, 18 years ago it had never been near this price not even half of it.