Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Lovelyboy, thanks for sharing this. Does this mean the next milestone is the installation of the processing plant?
Perhaps not of an immediate problem but could be why the SP is stubbornly low.
https://www.thetimes.co.uk/article/cc1ff242-ad35-4c65-9f76-985c5d1e1bdf?shareToken=12a2dc776fe017444463b75da05761d2
Follow up.... It appears the shaft lifts are now fully certified.
https://www.linkedin.com/posts/owen-mihalop-30942468_after-months-of-hard-work-both-the-new-winders-activity-7184617301705396224-2JH5?utm_source=share&utm_medium=member_android
ATB LB
All sounds very positive. Nice to see some progress on site. Thankyou for sending that lovelyboy. Have a good weekend all.
The market will soon wake up to the impact of the higher tin price on the outllook and NPV of CUSN.
Metal prices are melting upwards..........................Share prices to follow.
Thanks for this
I have added more today and now at my target weight.
Hopefully the recent slide will start reverse on news
Looks like the New Cooks Kitchen shaft lift cage has gone in and is nearly ready for use...
- - -
"PROJECT UPDATE: SIEMAG TECBERG UK Limited are thrilled to have assisted Cornish Metals Inc. in achieving the first Personnel riding on the New Cooks Kitchen shaft in 26 years!
The video below, taken during the final stages of commissioning of the newly supplied 2.3m diameter SIEMAG TECBERG single drum service hoist captures this momentous moment for mining in Cornwall. This will no doubt be the first of many personnel carrying hoisting operations that Cornish Metals Inc. will undertake in their planned shaft refurbishment works.
Next up, we continue commissioning of the hoist with the aim to certify it for full personnel and material hoisting in the next weeks, as Cornish Metals prepare themselves to gain regular access to the shaft for the first time since it was flooded after its closure in 1998.
The sound of shaft bells, emanating from SIEMAG TECBERG UK Limited purpose built Cerberus communications system, once again rings out in the historic Camborne and Redruth mining district, accompanied by the purposeful rotation of sheave wheels atop the headframe once again.
Congratulations to Cornish Metals Inc. on this momentous achievement – one which SIEMAG TECBERG UK Limited are proud to have played a part in. 👏😀"
- - -
Link with video
https://www.linkedin.com/feed/update/urn:li:activity:7183094804686217217?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7183094804686217217%29
ATB LB
PS, LSE Marked it down as an unknown trade, not for the first time !!
I don't have an opinion on whether to buy or sell. I picked up some 20,000 cheap shares @11.11am for my share ISA this morning to add to my 6 figure holding. This isn't a short term punt, minimum 5years for me. Let the lemmings go over the cliff !!
Hello CUSN holders. I picked up a starter holding in this company this morning. Long term holding (not trade) for me and not as "exciting" as many of the metal plays but I think has a decent chance over the medium to longer term. Good luck all.
Evening all, thought I called the bottom, obviously wrong! Must be honest I'm disappointed. 3 pence down already.
Gingy
The difference it will make will be very significant, but as you say, not in the normal way for a producing company.
CUSN's future relies on being able to produce a positive economic assessment and then an attractive Feasibility study, for the investors who will fund the building of the processing plant. The 2017 Preliminary Economic Assessment (PEA), whilst now out of date, gave an idea of the sensitivity of the NPV to tin prices. Not surprisingly the NPV is very sensitive to tin prices. Section 22.4 of the PEA, (available on SEDAR) starting on page 170, discusses key sensitivities. The first line of table 22.3 shows that a 10% increase in the price of tin moved the NPV of the project up by 44%. Whilst it is almost certain that the figures have changed since 2017, that does give a guide as to what to expect.
Since its low in November the tin price, as reflected in the price of the tin driven ETC “TINM” has risen not 10%, but 40% and more today. That price move, if maintained, will make a huge difference to the NPV of the project and make its financing much more attractive and less risky, to providers of capital, be it project finance, off-take agreements, debt, equity etc. i.e. make the realisation of the value of the project much more likely, and give the realisation a much bigger NPV.
I have never really worried about this stock but the current trades are concerning me
Hard to believe I exited this last in the 20’s, but how low can it go? Cash seems solid (though a raise required at some point), news expected on drilling but otherwise in a lull whilst they de-water.
Hold my cash for present
Don't think it's going to make much difference to us what price tin is until we get into production stage.
Bit boring isn’t it..
Up by nearly 10% in a day... meanwhile at CUSN...
Once again thank you valuation-it-is. Just watched the link, it sounds very promising. Looking forward to the coming news flow from Cornish metl. I feel now's the time at these prices. Personally I can see this being a top investment
Gingy
You might find Fawzi Hanano's comments at 8.20 onwards particularly helpful in this video.
https://www.youtube.com/watch?v=dEx8NGsfD4M
Valuation-it-is, thanks again for posting, much appreciated. I find the more I read, the more I like this company. After all, it's a proven mine, not exploration, so we know it's there. Let's hope it's feasible to extract it with the world going green, and all EV being produced. It's all positive for tin commodity prices. Enjoy the rest of your weekend.
Gingy
The Preliminary Economic Assessment (“PEA”) is expected to be published in Q2 2024 to provide interim guidance ahead of the publication of the Feasibility Study (news release dated January 17, 2024).
Source:-https://cornishmetals.com/news/2024/cornish-metals-releases-audited-financial-statements-and-managements-discussion-and-analysis-for-the-period-ended-december-31/
"At closing VBR will enter into a relationship agreement with Cornish Metals and its nominated adviser to ensure that the company can continue to operate independently."
Source:- https://www.vision-blue.com/news/vision-blue-resources-strategic-investment-in-cornish-metals/
Thank you for posting that Valuation-it-is. You can't believe how much activity there was when you see that. Let's hope we see good results from the PEA. Isn't it around now that it's released?