Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Refinery ....
What an opportunity to be able to have a smelting factory in our own country ,hundreds of jobs and long term aswell
Pawgee - totally agree. The UK needs to be able to smelt ore. When mining re-starts we will be faced with the unpalatable likelihood that concentrate will be shipped half way around the world for processing. UK energy and manpower costs will necessitate that unless there is some Government intervention. It would be great news if smelting too resumed in the UK - that is something for Kwasi Kwarteng to consider perhaps.
Pawgee and Bubble. Thx for your kind words.
There is a big difference between metal mining potential in Cornwall now and in the past. The very many mines with different owners have now consolidated under the ownership of a very few companies... CUSN, SML, with a possibility of Cornish tin unlisted at present. Furthermore, deep mine exploration was rare in the past and very expensive. As a result deep levels ( where the ore grades are often the best) have not been explored or discovered. It was price collapse that brought an end to much mining in the past, but now prices are resurgent. There is plenty of mineralisation left to mine. Technological improvements mean output per man hour can be vastly higher than in the past.
CUSN's market capitalisation indicates a huge discount to NPV of known resources. The discount represents the risk that funding will not be raised to enable resumption of mining. Once finance has been raised that discount will reduce - hopefully dramatically. As the tin price in particular rises the probability funding will be found also increases. There are a number of drivers behind the resurgent tin price:- (Source Company presentation)
Tin is essential for the high-tech, low carbon economy – the “glue” in all electronics.
Tin projected to be the metal most impacted by growth of new technologies (batteries, robotics, solar power generation, power storage, IT, electric vehicles).
Tin has a “Critical Mineral” designation – USA.
There is no primary tin production in Europe or North America.
75% of mined production in Asia (China, Myanmar, Indonesia). subject to conflicts, ethical concerns and waning deposits
There is growing demand for “Clean Tin” – not funding conflict, not exploiting child labour, with a low environmental impact.
Technology supercycle starting in 3-5 years (International Tin Association).
The outlook for CUSN is very promising............................But I guess we are agreed on that already!
Vii- observations as always on point.
As a nation we have in the recent past failed to learn the lessons of security of supply of critical resources ( ppe, vaccine supply, resilience in gas storage, etc) I think it will be different with resources needed in battery manufacturing, especially as unstable nations currently supply the world. Cornwall will be key & investment will start to roll over the next few years
Vii,although am miffed at share price drop indeed drill updates are pending which should in turn if good lead to cusn reaching new highs next few weeks imho
I think there will be quite a lot of information flow over the next few weeks. We are likely to have more drilling results, the decision over the new drilling exploration request at Carnkie, and exposure at the Mining Conference. The levelling up portfolio has just passed into Michael Gove's hands, and HMG is flush with cash to spend on Greening industry having been I think it was 10x subscribed for its £10bn Green bonds. Meanwhile EverGrande worries appear to be receding, allow tin and copper prices to resume their upward trend making the resources under SC, UD and CUSN's other 15,000 hectares of mineral rights ever more valuable. And Tungsten West is coming to the market - which will put mining in the SW back under the spotlight.
The big miners had a bounce today - which may be reflected in the smaller companies' share prices tomorrow. Any thoughts?
Typical daily trading volumes only between a 0.1-0.3% range and rarely over 1%, so imho other geopolitical or economic sentiment effecting price .
As Warren Buffet once said when others are fearful be greedy - a good opportunity to top up.
Will be interesting to see feedback if anyone is able to go to October conference.
Some positive updates running up to the Cornish Mining Conference on 18/19th Oct would be helpful.
More like buying opportunity with future tin price forecast to more than treble over the next few years.
Via,need an update here t bh,or some institutional news
Unless you look them up on a Canadian broker's website, it is easy for new investors to miss announcements made prior to the AIM listing as UK brokers seem to show announcements from Aim listing onwards, this site being an example.
One of the announcements, which new holders may have missed, was this one relating to SC exploration at levels below the mine workings...... Because only one hole was drilled, it is unlikely the results had any impact on either the calculations subsequently stated for indicated or inferred resources.
The accompanying comment included:-
High-grade mineralisation also intersected below historic workings of the No. 1 and No. 8 Lodes.
Five new lodes encountered in historically un-mined area s , highlighting the underexplored nature of the South Crofty mine area.
Richard Williams, CEO, stated “The Intermediate Lode structure was predicted by our geological team to
be in this area but such a high-grade intersection so far beneath the old mine workings was not
anticipated, it does reinforce the exploration potential at South Crofty and our ability to find economic
structures within areas of the mine that have been previously overlooked.”
The full announcement is here:-
https://money.tmx.com/en/quote/CUSN/news/5570565770434456/Cornish_Metals_Reports_HighGrade_Tin_Mineralisation_From_South_Crofty_Drill_Programme
or
https://cornishmetals.com/site/assets/files/5359/2020-10-07_south_crofty_drill_results_3.pdf