Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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More progress made.... Nice nod to (uncle) Trevithick 👍
https://www.linkedin.com/posts/cornish-metals-inc_cornwall-mining-engineering-activity-7189660037177384960-hknA?utm_source=share&utm_medium=member_android
ATB LB
Yes... you have to think we will be grabbing the headlines very soon !!
Wouldn't want to be out of this, the PEA could arrive any time. That's when I feel there's going to be a re-rate of the share price.
BHP can now use the $31bn to buy out CUSN!
"How a global race to secure copper supplies sparked a £31bn bid for a FTSE giant-
Heightened demand for net zero minerals could trigger a wave of dealmaking in mining"
https://www.telegraph.co.uk/business/2024/04/25/how-global-race-copper-supplies-sparked-anglo-american-bid/
Is this the lighting of the blue touch paper for the sector? The BoD can see the potential ahead, it is likely others will follow.
VBR will be aware of the holding in CL , and also the royalty arrangements and annual fee. In the whole valuation of CUSN the exposure to CL is a small component but may become much larger if CL goes into production. It has the backers to do so.............................
Thank you Vii.
Rhetorical question really - Do we think Sir Mick has considered into his comments any value as provided by the interest held in Cornish Lithium?
Vii
Many thanks for reminding us of Sir Mick’s perspective when buying into CUSN. IMHO, given the trajectory of the tin price, I think Sir Mick may exit when the price is well above £. Just my opinion & a bit of time will tell where I am on this.
GLA
Natnrg
3 to 4 times his buy in price of 18p would equal 54p to 72p. That would be before the impact of the rise in the tin price.
ViI Thanks for reminding us of Sir Micks Comments. I remember this being shared before, but couldn't remember the comments. I think at the time someone worked out a rough share price based on his buy in and these comments for his exit.. can anyone recall this?
Https://investors.cornishmetals.com/
Just in case anyone needs it
Signed up.
Good to see a company that wants to engage with it's shareholders.
Sir Mick's game plan......................
Here s an extract from an interview with Sir Mick Davis, whose Vision Blue Resources put £25m into CUSN
Question :- Generally speaking, what kind of investment criteria are you using to look for these opportunities?
Sir Mick:-
It all starts with the rocks in the ground, just to be very simplistic. I'm looking for the best quality resources that I can find. I look for resources that have been well-defined.
Then, I'm looking for high-value, low-volume commodities. My experience in the past running large mining companies is one of the big drains on the value proposition because is if you have to establish a large logistics system. You can only make it pay if you have a very large mine.
I want to be in geographies in which I understand how to operate. They can be complex geographies ... but I need to know how to operate in them. I need to know that I can identify and mitigate the risks.
The third thing is [that] I want to be able to know that I can enter into that project at a 0.2x, maybe 0.3x net present value. Then, put in the capital required for the project to progress either to feasibility, or feasibility to construction, etc. and inject my team into the investee, so that I can make sure that they are managing the risks associated with bringing up the value curve.
By the time we get into early-stage production, which is the time I would like to exit and hand over to the major mining companies, I consider maybe 0.8x to 1.0x NPV and therefore make my 3x to 4x without having to make an assumption about what commodity prices are going to be.
I'm looking for commodities that essentially talk to the energy transformation and the [environmental, social and governance investing] narrative. There is a hell of a lot of institutions that want to fund those sorts of projects. I essentially want to be the person who feeds the ducks that are quacking for that.
I don't think Richard Williams has gone completely, he's still consulting going forward. Maybe the reason for this is when news of the the PEA comes out, someone's going to take us over. Was that the plan all along?
A fresh update on Cornish Metals: https://www.youtube.com/watch?v=zOUn04kdyak
With all the components used in the transition to renewable energy and EV, and the lack of tin commodity, it seems very much under priced. What's not to like? Good luck all.
Https://markets.businessinsider.com/commodities/tin-price?op=1
How long will it last?
If the US decides to re-build its strategic stockpile, it could be a long time. If investors agree that the market is going to be short of tin, they will buy in droves too. If Indonesia and Myanmar continue as they are that will also increase the shortage. In any case there has been a little investment in bringing new tin mines on stream in recent years.
Tiny amounts of tin are used in billions of items. The cost of making those items is hardly affected by the tin price. i.e. demand for those items is little affected by the tin price. You have a number of driving forces which could send the tin price much much higher as we have seen happen before.
CUSN as an investment has a highly geared exposure to the tin price. The conclusion is obvious....................
Gingy
that's the golden question,how long will it last.
copper aswell....https://www.bloomberg.com/news/videos/2024-04-10/copper-to-rise-30-in-next-12-months-bofa-s-blanch-says
but atm,the tin price,seems to be on pole position.
(tungsten miners?....getting them into production,is a nightmare,as a couple of posters below,will tell ya)
Hi Troajan, thanks for sharing this. It's all positive news, let hope it stays this way. Tin price looking strong which has got to help the cause. Good luck with your investments.
3 mins in.....john meyer on tin/cusn
https://www.youtube.com/watch?v=-LGCV1ccFOM
Also interesting that volume of trades in Canada today (1.2m shares) are by far the highest for the last 12 months
That hefty last trade looks like a buy from yesterday!
Definately something materialising. Interesting we were closer to 5p at the start of the week.
Be interesting to see who they have lined up as the new CEO to take this forward.
I know it's a silly question, but does anyone know, if all comes to fruition in five years time, where the share price could be? The more I research the company the more I get excited! Have a good weekend all.
Follow the yellow brick road ,