George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Electric vehicles contain about 1 kg of tin. So Tata alone, might take around 600 tonnes of pure tin per annum in the future.
Then there is the lithium for the batteries perhaps from Cornish Lithium, in which CUSN has an interest. All shaping up nicely.
Tata would not be sourcing from Cornish as yet as it's not set up fully, but it could be an option in the future, in particular WITH the drive to source within UK to meet both EU Rule of Origin Standards and Carbon reduction targets ( with reduced transport costs etc )
Looking more stable so looking to re-enter, seems to be moving in a sentiment range and now at lower end. Good news on drilling etc might give some uplift
Agreed the outlook is good, especially re the recent tin price rise and ITA forecast increase in tin demand over the next few years.
When current drilling results are out and the new feasibility study is complete, a decision will be made as to whether to proceed. If a go-ahead decision is made at that point further funding will be needed to pay for the process plant and re-furb of shafts etc. A mix of plant hire, debt and maybe royalty finance may accompany an equity issue. The warrants, if exercised, would cover a significant proportion if not all of the latter. So there is clearly a motivation to get the share price back up to the warrant exercise price of 27p. Not that any additional motivation is needed.
Bough in here again. The tin price, Myanmar events, MLX and AFM action, all supports another rise in sp.
Also, they had $31m as of 31st Oct 2023 so they don't need to raise.
After 3 w's put dot research-tree dot com then the rest.
https://*********************/media/cornish-metals-company-update-12-02-2024
Nothing not to like really....upwards and onwards.
A good interview, but the actual time target for production start, is about 12 months longer than I estimated when I bought in 3 years ago.
I put that down to me not understanding as much as I now do about tin and other mineral mining.
Not knowing much about Tin (I learned a lot about oil drilling/wells and how to value), the latest exploration/test results still look excellent.
With current Tin futures priced at March of £25,000 per tone, and the latest figures from the RNS at near 100, 000 ton contains, Cornish Metals is looking a great investment.
Of course the Tin still has to be extracted and until then investors are always wary, but it can't be long till mining starts, and then I can see the sp flying.
Saw that matey. Reposted the public domain info. Can't see how that bit is controversial...
Cheers LB
Our comments have gone over at TUN.
Cornish Metals, is a company that others could learn from, in the way that they keep their shareholders informed.
Everything, still looking very promising.
Magicallena
A cracking post. Thanks. CUSN starts at around 44 minutes. The interviewer was well prepared, punchy and one of the best .
However, one point which I felt was left unclear was whether CUSN has all the permits it needs to get into production. I understand that it has.
Another point which RW brought out at the end was to correct an erroneous perception that South Crofty is linked to many other mines hydrologically. However, RW expects pumping to continue at a rate of 6,500 cubic metres a day once the mine is dewatered and will then need only one of the three pumping streams currently being used to dewater the mine. (De-watering is currently removing and treating up to 25,000 cu m a day)
It sounds as if exploration news may be coming through in April onwards. And it sounds as if CUSN has several parties interested in providing debt finance. Most encouraging.
Thanks LB. It was great to scroll through the earlier info too. One link takes a drone camera flight to the water treatment plant
Thanks for that LB, looks like sleeves are getting rolled up !
Hi all. Happy new year. Noticed this little cusn related snippet...
https://www.linkedin.com/feed/update/urn:li:activity:7148309426725167104?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7148309426725167104%29
ATB LB
Https://www.telegraph.co.uk/money/investing/stocks-shares/investors-look-ahead-2024-optimism-gains-miner-glencore/
"For example, in the first half of the year it spent $1.3bn on acquisitions across “transition” metals such as copper and nickel. It also announced a $1.2bn share buyback programme and a special dividend of $0.08 per share. "
New updated stock analysis on cornish: Metals https://www.youtube.com/watch?v=hCSLLrTRxAg
Interesting article in FT today on critical minerals in U.K., with mention of tin, lithium & Cornish Lithium. CUSN has positions in all of these but surprisingly doesn’t get a mention. IMHO, When it publishes feasibility study it will hit the headlines
Financial Times,
UK left vulnerable by government inaction on critical minerals, MPs warn
--
Harry Dempsey in London
--
Read the full article at:
https://on.ft.com/3RrcdNP
Valuation-it-is, thank you for your reply. Looks very interesting. Are we waiting on news of how things are progressing at the moment? Looking like a good entry price at the moment.
Hi Gingy
Cornish Metals exposure to Cornish Lithium
The Cornish Metals Pre IPO presentation states:-
----------------------------------------------------------
Lithium exposure through Cornish Lithium
Cornish Lithium has the right to explore Cornish Metals’ mineral right areas for lithium-in-brine & geothermal energy. Cornish Metals has a 25% free carried interest on the first project advanced to completion of a Bankable Feasibility Study within its mineral right areas, and a 10% free carried interest on all subsequent projects advanced to completion of a Bankable Feasibility Study.
Cornish Metals will receive a 2% Gross Revenue Royalty on all metals produced from brines or geothermal energy produced from within its mineral right areas.
From January 2017, Cornish Metals benefits from annual cash / share issuances from Cornish Lithium of US$50K per year in years 1-5, US$100K per year in years 5 –10, US$500K per year from year 10, and US$1,000K per year from year 15.
Refer to Company news release dated January 19, 2017 for further info.
Hope that helps. Unfortunately CUSN has taken its annual cash payments so far in the form of Cornish Lithium shares.
Those have recently been diluted by a deal CL did exclusively with Techmet, EMG and UKIB. Others and existing shareholders were offered a far inferior deal. It will be interesting to see if CUSN accepts shares again or now goes for cash for future annual payments.