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The dewatering process will only be achieved on time if the volume of water entering the mine is less than that being pumped out .Who is going to plug the holes?
Https://www.bbc.com/news/business-67332093
Sadly at the expense of a huge number of jobs
Crude tin is obtained by electrical arc furnace smelting.
The outcome(s) of the feasibility study will be another focus. The recent increase in JORC resources can be used to model extended mine life or an increase in throughput, both of which are positive for the project NPV.
I’d imagine so. There’ll also be updates on the progress of the de-watering. 20% complete, 50% complete etc. That, fund raising and tin price updates will determine SP to a degree I’d imagine.
That's the target for2026?
So other than the gushing of water over the next two years focus will be on the possible new find?
SPA's valuation per share is now 48p..........................................
All looking good from hereon !
Good to see VBR out in force at South Crofty today. Sir Mick gave an enthusing speech and pressed the "official start" button for the de-watering plant. It them poured with rain! Good to hear that unofficially it has been de-watering for some time now. The feasibility study is progressing well and two rigs are drilling on the 9km exploration programme South of Carn Brea.
Fingers crossed for finding more "Blue peach"
OK, so it's only BBC South West, but it's some coverage.
https://www.bbc.com/news/uk-england-cornwall-67217615
Sp...dunno,but full ask paid,just there
A good revenue stream, should give them over a million pounds a year.
While my 25p average is high compared to current SP, progress is clearly being made and Comms are good here. Schedule seems pretty much bang on for now too. Obviously a long term investment, it's just a shame overexposure in small cap space means it is not possible for me to add further at these levels.
Keep up the good work
RNS today......" Mine dewatering is expected to take 18 months."
Lassonde curve etc etc.
My thesis here hasn't changed, despite my position being worth half of what it was a short while back.
The world needs tin. South Crofty has tin in abundance. It's UK based, meaning security and reliability of supply are a given. With recent global events showing how quickly supply chains can be destroyed, this can't be under-appreciated. Tin is it vital metal, and it's here.
The management team are very, very impressive. The updates to market are more frequent than any other company I invest in. So far it has been nothing but good news. Seemingly every infrastructure project is delivered on time and on budget (another sign of effective management).
The global economy is dragging at the moment, but that won't be the case forever. When global growth upticks, and the need for tin goes with it (those electrical items aren't built from cheese you know), a productive South Crofty will see the Cornish Metals share price fly.
I trust Richard Williams and the team. They've been quietly getting on with the job of turning SC back into a productive asset. I'm not especially interested in the share price. I will continue to add, and I'm very confident that when we look back in 2-3 years, we'll be glad we stayed the course.
Own thoughts (obviously), do your own research (obviously), but my advice is to ignore the current share price and focus on the long term. There's no other tin project in the world with these advantages.
IPO was at 8p if I remember correctly.
My guess is that a vendor who was paid in shares and was tied in for 12 months is in the process of cashing in their chips. I think the tin price is a little higher than it was a year ago, the indicated and inferred reserves are much higher than they were on IPO, the Water treatment plant is now in place and has gone through commissioning and the official commencement of de-watering + ceremony is this week. The CUSN team at SC has proved itself extremely capable so chances are the true value of the company is much higher than at IPO. Perhaps some investors do not want to wait for the commencement of mining but that gives those with a longer term investment horizon an opportunity. We will soon hear about the feasibility study which will hopefully bring good news - and perhaps further increases in reserves.
Bear in mind also that CUSN has a big backer -VBR -who having come this far is unlikely to walk away.Sir Mick clearly thought CUSN shares were a good deal at 18p because VBR invested £25m at that price. Recent moves by the Chinese over Gallium, Germanium and in the last few days Graphite for anodes have emphasised the need for Western resilience in critical metals - tin being one. So much has changed for the better - an opportunity indeed.
Company is well funded, on program and positive long term tin demand/price. All should become apparent when feasibility study published end of 2024. Markets aren’t rational at times of uncertainty, but take Warren Buffet’s mantra, when markets are fearful, be greedy. Good buying opportunity.
Fear there is going to be a major war with severe economic hit. Oil shortages etc
Can someone explain to me why the share price is now below IPO I don’t see the volume of sales to reflect this?
Another historical one
https://www.thetimes.co.uk/article/cornish-tin-found-in-israel-is-hard-evidence-of-earliest-trade-links-wg8qt6hhj
CUSN article in Times today about the start of pumping at South Crofty
https://www.thetimes.co.uk/article/752b99d6-6f76-11ee-b0f3-053d83492f27?shareToken=2190f65d97ade92ffab73d16d854f914
Tried to buy several times today, but couldn’t get a price