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Can anyone float an expected NPV number for the PEA?
Regardless how the market reacts now I've just topped up and will wait till the"tin and the other metals mentioned start leaving the mine" as you're saying. You can't lose here, imho.
Rooky
Very much agree with you .
Cavendish released a brokers note this morning reiterating that the sum of the parts valuation of CUSN is 25p, so should see some healthy upside on sp
This share is so far under the radar, that you wonder is a thick seam of gold, and a several Cullinan size diamonds were found, the SP would still not move.
I appreciate that when (not if) tin and the other metals mentioned start leaving the mine, the SP will zoom upward, so not worried, just somewhat puzzled, as surely now is the time to get into this share.
If I had a few quid spare, I would be increasing my current holding.
RNS out...
Looks positive on first review.
Good luck all.
Tin price looking strong.
What news is it going to take to push us north? Seems every day we drop that little bit lower.
Gingy Good point.
Some sort of fund raising can be expected if the preliminary economic estimate is supportive of a go ahead as expected. This would be to pay for the process plant.
I think there may be an element of an equity issue and if you want to take part I suggest you contact all the following people to let them know.
Fawzi Hanano and Irene Dorsmann at CUSN investors@cornishmetals.com
Matthew Hasson at Hannam and Partners cornish@hannam.partners
Derrick Lee at Cavendish Partners 0131 220 6939
Richard Morrison @SPAngel 0203 470 0470
Good luck, Vii
VIS, do you think at some point there's going to be a placing to drum up funding, to push on to build processing plant? They must be burning through the money now with installation of new plant and wages.
Gingy - I agree But lets look to see
1.if the price of tin stays above $30k/tonne.
2. If the exploration results continue to be encouraging
3. How the finance for the process plant is structured.
Given the rise in metal prices, other areas of exploration - UD, Gwinear may be worth bringing forward
And another report
https://www.msn.com/en-gb/money/other/lme-bans-russian-origin-metal-after-uk-us-impose-new-sanctions/ar-BB1lzrPg
Hi valuation-it-is. When you start reading about all the positives going forward, what's not to like about this? I personally think at this point in time, with how much we've progressed, this share price should be sat at the least 25 pence.
I do think all the talk about interest rates not going down hasn't helped the share price.
Hi Pedrov, i must be honest I'm a bit disappointed with the share price. I did think it would hold up a bit better then it has with how things are progressing.
Lovelyboy, thanks for sharing this. Does this mean the next milestone is the installation of the processing plant?
Perhaps not of an immediate problem but could be why the SP is stubbornly low.
https://www.thetimes.co.uk/article/cc1ff242-ad35-4c65-9f76-985c5d1e1bdf?shareToken=12a2dc776fe017444463b75da05761d2
Follow up.... It appears the shaft lifts are now fully certified.
https://www.linkedin.com/posts/owen-mihalop-30942468_after-months-of-hard-work-both-the-new-winders-activity-7184617301705396224-2JH5?utm_source=share&utm_medium=member_android
ATB LB
All sounds very positive. Nice to see some progress on site. Thankyou for sending that lovelyboy. Have a good weekend all.
The market will soon wake up to the impact of the higher tin price on the outllook and NPV of CUSN.
Metal prices are melting upwards..........................Share prices to follow.
Thanks for this
I have added more today and now at my target weight.
Hopefully the recent slide will start reverse on news
Looks like the New Cooks Kitchen shaft lift cage has gone in and is nearly ready for use...
- - -
"PROJECT UPDATE: SIEMAG TECBERG UK Limited are thrilled to have assisted Cornish Metals Inc. in achieving the first Personnel riding on the New Cooks Kitchen shaft in 26 years!
The video below, taken during the final stages of commissioning of the newly supplied 2.3m diameter SIEMAG TECBERG single drum service hoist captures this momentous moment for mining in Cornwall. This will no doubt be the first of many personnel carrying hoisting operations that Cornish Metals Inc. will undertake in their planned shaft refurbishment works.
Next up, we continue commissioning of the hoist with the aim to certify it for full personnel and material hoisting in the next weeks, as Cornish Metals prepare themselves to gain regular access to the shaft for the first time since it was flooded after its closure in 1998.
The sound of shaft bells, emanating from SIEMAG TECBERG UK Limited purpose built Cerberus communications system, once again rings out in the historic Camborne and Redruth mining district, accompanied by the purposeful rotation of sheave wheels atop the headframe once again.
Congratulations to Cornish Metals Inc. on this momentous achievement – one which SIEMAG TECBERG UK Limited are proud to have played a part in. 👏😀"
- - -
Link with video
https://www.linkedin.com/feed/update/urn:li:activity:7183094804686217217?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7183094804686217217%29
ATB LB
PS, LSE Marked it down as an unknown trade, not for the first time !!
I don't have an opinion on whether to buy or sell. I picked up some 20,000 cheap shares @11.11am for my share ISA this morning to add to my 6 figure holding. This isn't a short term punt, minimum 5years for me. Let the lemmings go over the cliff !!