Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Tyson, I think its worth holding cusn. I guess you are around 12-15p ave. I think 21-23p is about right BUT the first company to process mica could be a real winner. This could really open up the amount of lithium they can produce. I would not say its a screaming buy but neither would I sell with room to take a short term drop with headroom to still be up.
Buying above 18-20p at the moment is one to do serious research on and a persons risk reward attitude.
Hold and wait until Cornish Lithium spin off.
…and is you doing the buying? ;-)
Fortunately “lithium” is doing ok. The rest of the the world is taking a right dive.. shouldve cashed 2 month’s ago! Time to hold on and wait..
Keeping thinking about CUSN, but seems risky. I concur with your SXX comment. Been their.. lost too much!
Tyson, my guess is the double flow tests which will establish the actual single best way to process bulk brines from LeDuc aquifier , all 13 kilometres x 8 kilometres. These tests are not to solve a problem ( in my view ) they are to decide the best and cheapest way to production in the quickest way. Someone knows and is gently buying.
What a week so far.. heading back to 3?? Hopefully as dropped significantly( no ££ to buy more at 2ish $!)
Didn’t see any news for the decline or the move up- except an new appointment - is Mr P that much of a “catch”
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We have used these expansive data sets to quantify the Leduc aquifer characteristics & delineate resources ??
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E3 to finish final two step lithium brine filtration tests by early Jan. Strap in because that will confirm recovery rates ready for demo plant instruction to start building by H2 2022. The sp should shift very much like Standard Lithium who were $2.00 for a couple of years then boom, $9-15.00 suddenly.
Bought more standard too - tick. The partners are too big to fail and I think kmx with CL have broken the dynamic on brines. In short time this will out with the other brine plays as gossip gets out.
Tyson. I was extremely disappointed by the trelavour grades and do not understand / am sure many posters do not understand the cut off point being used as viable is a joke. 0.11% cut off point ?
Cinovec is 0.4% and the Ozzies I know think its a carp mine , in that they deem 1.0% being basic average and north of 2.4% high grade lithium rock.
Why am I bothered ? The amount of dirt they need to dig out or using landfill tailings will be huge.
Cinovec will have to dig out 160,000 tons per year for approx 30,000tpa lithium hydrox. That is at minimum grade 0.4%. If CUSN are to use 0.11% as cut off that could be 4x the cinovec dirt required for the sane pay? Bonkers if you ask me. The values being banded around for the rock lithium are fantasy for rock mica. There are about 4-6 steps in processing v brine 3. The capex will be interesting too in that it can only be way way higher than brines. Then the infrastructure of mining is also bigger and more costly.
I see no reaaon for a rise above 22p and even that after last week I brought back to 20p.
Be careful, there is a shedload of capex to find for cusn too. The lithium is just rotalties of approx 4.2 m on brines. Rock will add little value imho unless they go open pit x 6 in volume.
Cusn need to process smelt copper , tin, zinc and silver and have separate processes and infrastructure and on a big scale. Watch out for a raise on a very fast move to 100% share price gain. It is very common for big money to be raised on the back of swift sp moves. They cash in in the high price giving the loanee a better % deduction rate. Seen it time and time again.
Still someone in canada likes them and they keep buying ??? US Gov backing UK Gov ? When it moves this quick its great but always ask based on what ?
I have no idea, 100% sure its not for the rock mica. So what could it be I have no idea ?
Tin and copper I guess their main assets. Why the rush in sp. We have known tin is vast there for years. Copper high grade since spring along with zinc and silver back in summer. Whats the driver.
I bought E3 at 2.20 today. Made a lot on cusn , took half. Way way above my target on poor lith results.
E3 are in the early standard lith phase. It will go soon enough.
Despite the unpleasant situation with E3 and SLI I do believe that this will again come good. Lithium is there in abundance and the world , USA. , need it. It’s almost inconceivable that this could be left to fail by governments nevermind the companies and investors. When to get back in is the question. Fortunately for me , though I was tempted whenE 3 dropped to 2.6-2.8 , I errd. Now I’m seriously thinking of buying more E3!
The recent dramatic drop of BTC is thwarting my plans ;-(
On CUSN..well what a day. Is this another quick push to be followed by drops , ready for further push? Tempting to trade but I will ride CUSN and hope the U.K. government see the necessity of this area. In the news today - MPs are mobilising and trying to block the take over by the Chinese of the mines in Mexico!! Things are getting serious
Torn between my gain and the E3 drop. No reason for it to drop.
Rebought here sub 12.00. could go down further 8.50's max but first to production in the US after current supplier Peak.
Hmm. Flip of a coin. Holding a huge chunk of E3 around 2.80. but down quite a bit. However SLI was like this for 2 years up to 2.50 then back to 1.50 then up to 2. Etc etc. Then 5.00 then 10 then 15.00. i did very well from that. So the sebsible buys are E3, then CUSN, then SLI if it hits sub 10 I'm back in again.
Nel can just sit and do its thing for me.
E3 has the value by far !
E3… OMG. Certainly been hammered over the last week on… no news.
An opportunity to add further??
E3 Lithium brines are trying to keep costs down and use as much off the shelf industry plant as possible.
They clearly have their own filter type and have in the labs tested it on the specific brines at fifferent depths for differing grades of lithium brines.
The pilot plant is due results ANY DAY and will show whether they have kept costs down by doing it their own way thus when bulk production happens the margins are SO much higher !
Remember Standard Lithium are only 30% involved in El Dorado and can if successful buy in to 40% holding and buy some of the options on Tetra Tech land next door. BUT as yet we await those pesky results from initial demo plant production ! These were started up the back end of Sept so back end of Oct early Nov results a full flow would likely be hit.
3 weeks to get test results back , cvd allowing and that is now due !
Any sign od good news and US$18-20 imho.
Value wise E3 hold the keys to making the money now. Standard I tipped you back in Jan 2021 at around US$3-4.00 as it fluctuated. US$12+ now and as high as my summer target US$15+.
Next step up coming.
E3 are still back in the initial phases with this epic growth to come.
I’ve watched the video.. thanks MO for postings the link. Lot to digest but… although E3 are developing their own “absorption material “ do you think they may / could rent / lease / buy the modular DLE equipment from SLI????
Just am thought that crossed my mind whilst watching. They would then get their a lot quicker. And with all that Brine.. why delay??
https://www.redcloudfs.com/e3-metals-introduces-innovative-and-sustainable-canadian-lithium-project/
Any day now ! E3 testing results.
So far ,
I’m into E3 with a position a bit heavier than I normally do.. I tend to diversify a bit having my £ split over 12-15 stocks and funds. I’m not too brave but saves me losing on a big bet- happened once!
CUSN - pretty much the same situation.
I’ve a bit of liquidity atm and I keep thinking of adding more to E3 when it’s dropping to 2.8-2.9 but keep “passing”.
As you know I’m still bullish on (some cryptos) and apart for today’s little end of day drop , they’re doing well but I’m considering taking the money from some and it’s where it goes….I was thinking 3 dollars was getting a bit high..??
As for CUSN.. I really don’t have a handle on the markets value of it. For “rock” it might be right, for brines it’s probably a 10x IF they do the right thing.. but will they??
Maybe it’s time for a bit of “all in” ;-)
Keep filling that retirement pot!!!!
Tyson as he said 3 weeks ago in this interview , critical first step news is due in 4-6 weeks. So 1-3 weeks ONLY now. Typical CUSN is due to hear about CL project JORC which is massive news too...1-2 weeks.
Was it jack sprat who had to be nimble and quick ?
I added £10k and split refuced my CUSN by 25% approx to get a good E3 price as it seems to be bouncing between 2.80-3.10 in the last week or so.
With test pilot news due so soon the sp may well rise ahead of it? Today at 16.00 Pacific West Coast Time E3 are presenting at conference. I expect talk only BUT he will be pushing that limited time for investors/funds to buy in prior to lift off. Year highs for E3 US$5.00+ so at US$3.00 there is room.
Full pilot plant to be built Q1 22 so within only 5 months these guys are going from not a lot to a full pilot. How ? They have seen Standard's model and know it works as we have seen over the last 18 months. Its all modular for both and the pilot plant is to use off the shelf already in use parts so nothing to worry about. It is chemical liquid processing NOT mining the dirt which can throw up all sorts of unexpected issues. That is why I think CUSN is also very attractive. The guys there are looking at tin prices copper too, but right under their feet is near £1 Billion under their tin & copper with extraction 1/2rd the cost on CAPEX. Much more margin for all brine operations SLI here , E3 and CL via shares in CUSN.
WITHIN 1-3 weeks both E3 & CUSN will have major news. Happy times. Lets make some good money.
…and thanks for the u tube link for the E3 CEO interview. Interesting and he seems to have a lot of the bases covered.
Wait and maybe build a bigger position…
Saw a press release on this.. paving the way.. good for the state … and business!!
"Bill 82 would provide concrete regulatory certainty to the lithium industry in Alberta. This sends a strong message that the Alberta Government is supportive of environmentally responsible industrial development here in the province. The Alberta Energy Regulator offers a mature regulatory body with a clear and simplified process that highlights environmental best practices. E3 Metals fully supports the AER regulating the lithium industry."
Alberta put lithium brine up front and centre.
Results due within 3-5 weeks.
https://calgaryherald.com/news/local-news/company-behind-lithium-bid-applauds-albertas-move-towards-developing-rare-earth-metals
https://m.youtube.com/watch?v=nCST3D2p-uo&feature=youtu.be