Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Gingy - Given the extensive mining industry contacts of the largest shareholder (Sir Mick Davis - VBR) its almost certain that the potential of CUSN is known within the industry heavyweights, there is a good chance things would move that way. I'd expect Sir Mick would want at least x4, what he paid (18p).
In some respects, I'm not surprised the share price hasn't moved much since the PEA, as it only processed mainly existing information (old mineral resource estimate x £31k/t SN price x process cost, etc) , to arrive at not too dissimilar conclusions to recently published broker reports.
We now know getting the mine operational is economically viable, which should result in a positive investment decision to build the process plant, etc. What will really light the blue touch paper on the share price, is a hugely increased mineral resource estimate......imho.
What's stopping one of the big outfits making a takeover offer for us now they have a good idea what's in the ground. I? that possible or am I barking up the wrong tree?
Thank you for your reply Valuation-it-is. Do you have any idea when we will get the results back from the tests? Many thanks.
Gingy
Not sure it will be the next thing, but I am expecting more results from the assay tests, which may indicate the existence of more tin for future mining. If so, mine life may be extended and the NBV augmented.
Morning all. Now the PEA has been successfully completed, and de-watering ongoing, what is the next milestone to take place?
I think where it’s come from a sell off was very likely but as the short term holders move on and people see the real value there’s more to come here
Val it is..
Yes..and I would love to see our output rise to 2% of world market as tin market squeezes too !
A good presentation.
Nice to see a presentation were there was no attempt to over flower anything.
They were very careful not to comment in any over positive way in areas where it could only be speculation IE future share price and over projection of the mines resources and tin future prices.
I was positive before this presentation, and now even more so.
As for the presentation SP effect, it is as I expected, with many investors looking at the near term, whereas I am looking at the mid to long term.
Happy to hold, and will be looking to increase when I have the finances.
Before the impact of the Wide Formation, the value of the tin at $31k/tonne is huge and will be a useful addition to world supplies just as supply shortages are expected to bite.
All the positive news and up 1p, that's mad! I'm glad it wasn't bad news, but I was hoping for a better reaction to be honest. Hey ho....
The PEA NBV is $201m at a tin price of $31k. With a significant contingency already deducted.
That PEA NPV is worth £30m chaps - not sure where the other £30m of value is here?
I believe the real value here will be seen in the potential add on in further mining opportunities
And a strong price too.
Nearly 14% rise so far today - better than the near 50% reduction in SP over the last couple of years!
£84000 bought approx.
£37000 sold approx.
The PEA is not a total buy fest as the traders take profits already
When the US markets open I think from 11.30...there will be another drag up today and possible tomorrow, but we all know what happens on Fridays.
Profit taking so dont sweat the small stuff. Just buy and hold.
I would have hoped for a more substantial rise on this news .
Gingy, i feel many private investors have been burned in the "green energy" sector due to lack of UK & EU involvement to push the sector.
There have been negative headlines regarding Cornish Lithium - i am extremely positive but funding is difficult for many just right now.
My main thought on the lower rise is there is still how long to actual production and within those 3 years a hell a lot of global stuff going on.
With 3 years + to go its only the real long term investor who will be happy today.
Those short term chancers and players of the market will have bought at 7-9p and be using the old advise " sell on the news". They will have made good money in an hour.
Its all about 3 years time and actual production for me which will happen and the sp will show this accordingly.
Its simple really. Lots of news over 3 years. Literally tonnes of upside but to max your investment its 3 years for proper profit.
I always bought this as a long term investment. I've been an investor in CUSN for a couple of years, adding sporadically throughout.
I've seen the price in the 20's, and all the way down to recent lows. I feel that the PEA news today will kickstart the share price heading back up, and it's justification for the patience we've shown when a lot of people doubted the project and the investment.
A medium term share price of £1 would do very nicely indeed!
For me two key points are those highlighted by OM the Chief Operating Officer:-
The low all-in sustaining cost of about US$13,700 per tonne of payable tin is an important metric and potentially positions the project within the lowest quartile of the global tin industry cost curve.
“We believe the opportunities for mineral resource expansion at South Crofty, and beyond, are significant and this will come into focus when the current mine dewatering and shaft refurbishment project is complete by Q3 2025.”
The first point indicates that South Crofty once up and running, will be one of the least vulnerable producers of tin if there is a downturn in the tin price. More likely though according to most commentators is a shortage of tin which will cause a rise in the in price. SC will make large extra profits if that occurs, and be one of the biggest beneficiaries as its cost of production is expected to be low.
The second comment highlights that shareholders should not just think about the value of SC when considering the value of the CUSN business. There is likely a lot more to come from mine development - a particularly promising aspect will be the exploratory drilling from within the mine once de-watered allied to the prospects of large value in the Wide Formation. And all that is before we think about the prospects for United Downs Gwinear etc.
It will take a while for investors to get to grips with all the positives but we seem set for a good run in the period up to a production start.
Well that didn't go down like I was expecting. Not much of a impact was there? Something negative in the RNS that I missed??
2 questions ?
1 - No start year mentioned in the PEA.
2 - $31,000 per tonne ? I would have liked to have seen a LOM price more like $25,000-27,000 at most for LOM.
Just my initial thoughts.
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