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Holy Macaroni 90K minimum!
I wish I had bought more at the previous CL private raise at around 7p!
Positive progress in the last couple of weeks tho!
CK
A really interesting presentation. Thanks very much for posting it. Were there any questions at the end? The U tube version stopped at that point.
It seems from what O.Mihalop said, that the United Downs drilling could be first of a number of new explorations, with the prospect South of Mt Wellington mine, the exploration at depth under Mt Wellington, and under Wheal Alfred at Gwinear. Do you know about the potential in North Cornwall that was mentioned earlier in the presentation? Whereabouts/proximity to Redmoor etc?
https://youtu.be/4FkGUOKLTac This us a really interesting presentation for those who aren't overly familiar.... https://youtu.be/4FkGUOKLTac
If you are interested in CL, then there is a demo at the site at United Downs for around 2 weeks. I suggest you contact the company first to arrange a viewing.
01326 640640
info@cornishlithium.com
It is all about Direct Lithium Extraction (DLE) from Brine at UD. The hard rock site at Trelavour is not open to viewing.
@Grizzle1, Thanks for the insiders info about the CL fundraise outline. It's very interesting, and I suppose they are confident on getting oversubscribed at those terms. They have a lot to prove to the HMW investors though!
Just recieved outline of rhe cornish lithium crowdfund.. £8M to be raised at 16p with minimum £90k investment!! There will be a 2nd round of £2.1m for subscriptions less than 90k...
Ive invested in Oz Li fundraises which are normally SPP plans for $30k max and with a detailed prospectus PFS with IRR projections.. CL Offer seems targeted at extremely HMW investors... Or those confident enough to chuck 90k with no Prospectus, Capex, IRR or risk assessment....
Correction apologies
The time line on CL's move to commercialisation is 3-5years for the hard rock and longer for DLE from Brine.
The pilot plant at Trelavour has to be set up yet and then tested so my guess is 2-3 years before a bank feasibility study for commercial production.
Cl is currently paying £50k p.a. to CUSN for its exploration rights which rises I think next year to £100k per annum. So there is probably scope to offset one lot of receipts against funding for commercialisation in several years time.
I don't suppose CUSN has decided yet whether to provide finance or be diluted.
It might be worth looking up the cost of the pilot plant (for Trelavour, not UD) and then scale it up ten times, and take 25% to get an idea of CUSN's possible outlay in 2-3 years. My understanding, like yours, is it is CUSN's choice.......whether to invest or not.
The time line on CL's move to commercialisation is 3-5years for the hard rock and longer for DLE from Brine.
The pilot plant at Trelavour has to be set up yet and then tested so my guess is 2-3 years before a bank feasibility study for commercial production.
Cl is currently paying £50k p.a. to CL for its exploration rights which rises I think next year to £100k per annum. So there is probably scope to offset one lot of receipts against funding for commercialisation in several years time.
I don't suppose CUSN has decided yet whether to provide finance or be diluted.
It might be worth looking up the cost of the pilot plant (for Trelavour, not UD) and then scale it up ten times, and take 25% to get an idea of CUSN's possible outlay in 2-3 years. My understanding, like yours, is it is CUSN's choice.......whether to invest or not.
Anyone know what happens to this when the bank feasibility study metric is reached. My understanding and I may be wrong is that then CM has to start paying their share of costs to keep the interest or renogtiate it. I’m wondering if they will keep it up and if so how as obviously they will need funds for their own interests. Also wondering what impact it will have on the SP if they do or don’t keep the interest.