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A fresh update on Cornish Metals: https://www.youtube.com/watch?v=zOUn04kdyak
With all the components used in the transition to renewable energy and EV, and the lack of tin commodity, it seems very much under priced. What's not to like? Good luck all.
Https://markets.businessinsider.com/commodities/tin-price?op=1
How long will it last?
If the US decides to re-build its strategic stockpile, it could be a long time. If investors agree that the market is going to be short of tin, they will buy in droves too. If Indonesia and Myanmar continue as they are that will also increase the shortage. In any case there has been a little investment in bringing new tin mines on stream in recent years.
Tiny amounts of tin are used in billions of items. The cost of making those items is hardly affected by the tin price. i.e. demand for those items is little affected by the tin price. You have a number of driving forces which could send the tin price much much higher as we have seen happen before.
CUSN as an investment has a highly geared exposure to the tin price. The conclusion is obvious....................
Gingy
that's the golden question,how long will it last.
copper aswell....https://www.bloomberg.com/news/videos/2024-04-10/copper-to-rise-30-in-next-12-months-bofa-s-blanch-says
but atm,the tin price,seems to be on pole position.
(tungsten miners?....getting them into production,is a nightmare,as a couple of posters below,will tell ya)
Hi Troajan, thanks for sharing this. It's all positive news, let hope it stays this way. Tin price looking strong which has got to help the cause. Good luck with your investments.
3 mins in.....john meyer on tin/cusn
https://www.youtube.com/watch?v=-LGCV1ccFOM
Also interesting that volume of trades in Canada today (1.2m shares) are by far the highest for the last 12 months
That hefty last trade looks like a buy from yesterday!
Definately something materialising. Interesting we were closer to 5p at the start of the week.
Be interesting to see who they have lined up as the new CEO to take this forward.
I know it's a silly question, but does anyone know, if all comes to fruition in five years time, where the share price could be? The more I research the company the more I get excited! Have a good weekend all.
Follow the yellow brick road ,
I would say: right time at the right place and "Say no more..." just use an opportunity....
I would say: right time at the right place and "Say no more..." just use an opportunity....
Looking strong, let's hope it continues. It's good to have someone on board with good knowledge like your good self. Thank you.
Https://markets.businessinsider.com/commodities/tin-price?op=1
I feel if all our ducks are in line we will see a re-rate of the current share price. I think a lot of potential investors are waiting for the PEA report, then they will pour in.
Jeffus888
Your timing looks great. The recovery from the shock news of the resignation of the CEO is underway, and the more recent erroneous rumours about flooding in the mine have been addressed by the company broker.
Meanwhile the price of tin has had another boost rising 3% yeaterday to $32,775.
Plenty to look forward to:-
1. The publication of the PEA, with a revised NPV. This is expected to arrive before the end of June. In my opinion it will show a valuation for South Crofty alone, of multiples of the current market capitalisation. As discussed before, to that NPV, the value of rights elsewhere (e.g. UD) in the CUSN portfolios should be added, together with value inherent in the arrangements with Cornish Lithium, when comparing with the market cap.
2.Feedback from the exploration programme. This is likely to come before the new PEA, as results logically should be incorporated in the PEA. The exploration programme will give a good idea as to the extent of mineralisation in the newly discovered Wide Formation and Great Flat lode splay. This will have a bearing on the likely mine life.
In my view, there is a good chance that the mine life may be extended with a considerable benefit to the NPV.
3.Interest rates. Next month the Governor of the BoE expects inflation to fall sharply. This will increase expectations for the first interest rate cut. This is likely to be beneficial for valuations of companies cash flows. Also it will be likely to increase those cash flows as interest costs or expectation are reduced. As CUSN will be moving towards its production decision, this is coming at a very good time for shareholders.
What might have an adverse effect?
1.If the disruption in Myanmar is resolved and exports pick up, there might be some relief amongst tin traders and tin pries might fall. However at present the opposite appears to be the case.
2. Faster use of cash than expected - Await half year results in the Autumn for this. The company had a net cash balance of C$25.8m at the Dec 2023 year end. So appears to be well able to complete the tasks set out - PEA publication, drilling programme and perhaps also some preparations for mining such as dewatering and shaft refurbishment.
3. Any signs of management disruption. The loss of the President and CEO came as a shock to the market. As long as the operations management team settles - especially that of the COO, CFO and CDO, all should be well. Any sign of further disruption is likely to be taken very badly.
I bought my first shares in this 9 days ago. I am 19% up. I feel like a crypto bro.
Bonkers99
Whilst a lot of costs are indeed up 50% don't forget that a big chunk of cost saving is likely to be achieved by using the XRT sorters. Their use will be likely to cut the cost of the the plant required very significantly, so big outflows of cash at the onset and thereafter will be removed from the NPV calculation. Hopefully, the saving both in capex and in opex will offset to a considerable degree the impact of cost inflation since 2017. All will hopefully be revealed shortly!
Thanks VII - I've no idea on the valuation of the other items but yes, as far as the NPV goes, it's out of the window with a likely +50% cost base but with tin @ 32k instead of 22k perhaps that comes out at least even after all at around $200m.
The share price for Tungsten West is up 27% today
Cheers Vii, will have a nosey as it's near to me
Argylerich
LovelyBoy is referring to the Tungsten West plc (TUN) tungsten/tin/aggregates project at Hemerdon, near Plymouth, which is awaiting the outcome of the public consultation over the Environment Agency's proposal to grant the operating permit.
The cut off date for comments is about 2 weeks away now. The permit has had the effect of creating a logjam in the process of obtaining finance to get up an running again. If the permit is granted there will be a huge sigh of relief from investors / those wishing to create a supply of a critical metal for the Western world
Vii what's the Plymouth project please?
And perhaps any shorters have been taken to the cleaners. Hope so. Erroneous rumours on boards elsewhere have been firmly squashed.
Hi LovelyBoy
Good to hear from you. It is a case of "least said, soonest mended". I agree the outlook is really good. Not only good for investors, but the whole project is worthwhile for Cornwall, and the UK.
The news out of the Plymouth area is also very encouraging. At last. Everyone has high hopes now for the final piece of the jigsaw which will unlock an attractive picture. That may help sentiment in all SW miners.