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Makes Cornish a HIGH CASH generating machine. This has to go much higher from here. Good price for Tin and that looks to go higher in makes this project more and more profitable. The biggest source in Europe. What is not to like. STRONG BUY
It doesn't make the blindest bit of difference until we start mining. Let's hope it stays around these prices in around 3 years when we start extracting it.
Ilovesushi
Great post.
I wonder if the news has been logged as NT at the mo.
The Company will release its unaudited financial statements and management discussion and analysis ("MD&A") for the three months ended March 31, 2024 by May 23, 2024.
There's still someone dropping these in the background.
Dream catcher - LSE has a fairly basic model for deciding buys/sells it’s not manipulation just not very accurate - only use as a general guide not detail - I certainly wouldn’t be buying/selling on the strength of it
Gingy
YOU SAY: $34,625 does not make a bit of difference. You are reading this wrong. It makes every difference. The whole plan was worked out on $31,000 a ton. The who project is worked out on the price of Tin today. The higher the price goes the more the project becomes viable and the more the big guys will want to invest. This needs cash to start production. This allows cash to be raise. The good thing is as stated it is 3 years pay back. A big investment house can now raise funds for the project. The rising in price is super prospect. As costs should be fixed a rising price of tin makes this very quickly even more profitable. Yes profits are some way off. However this price makes the whole prospect very very attractive. It makes all the difference. This will turn strongly up soon. Great entry and recovery is in store. Mick Davis would not be in on this if it were not a great prospect. We can get in cheaper than he got in. Turning up soon for sure imho
STRONG BUY.
This is a takeover target for one of the big outfits. But at what price?
Right now at PEA level + nothing else like hard cash in bank?
£33m
Surprised this hasn’t moved up today imho
It should have but this is AIM 🤷♂️
Yes very true
Gingy
I think that yours is a negative view. Clearly CUSN is not yet in production so the tin price does not affect the trading results, however the tin price will make a huge difference in a way that many may not expect.
When it come to finding finance (US$177m) for the project a high tin price will provide a much better project NBV and a bigger cushion/insurance policy against price volatility. All of that adds up to more finance providers being willing to invest and at a lower interest rate. Which will also boost the NBV. So brokers will use a greater factor between 0 and 1.0 when valuing the shares. e.g. 0.75 x NBV rather than 0.5x NBV.
Gingy ttoday 13.42 "This is "a takeover target for one of the big outfits. But at what price?
Take a look at previous posts referring to what return VBR looks for in its investment. ===>54p to 72p
Hi valuation-it-is, maybe I am a tad negative, but I'd say I err on the edge of caution. If it comes to fruition, happy days. Hopefully it does for everyone invested. I'm looking to top up. That should give me a million shares, so I think that says it all about my thoughts on this company.
£33m PEA/tin price + £10m cash says this should be at 8p to my eyes unless there's some other imminent liability that nukes that cash in short order?
This has got takeover target written all over it.
Holy moly, one million shares, I dread to think what your average price is!!
I hope you're using good investment discipline in no more than around 5% of portfolio in any one stock.....
Good luck to you, I fear you may need it
I hope that’s not financial advice you are giving? 😉
Bonker99 please be so kind as to provide an arithmetic explanation as to how you came to that deduction..
Good grief, this share was 10p, steady, a week ago? - then it dipped and the company issued a retaliation RNS saying quite clearly there was no reason for it, now we have another 2 good RNS's in succession, so I M O we should be back to 10p, will it be interesting when Toronto market opens later today?
Industry standard metric of a PEA/PFS valuation of NPV * 0.16 = £30m + tin price 10% over the PEA tin price should add another 10% (maybe significantly more) + c£10m in cash = £43m / 8p.
"· All study components of the ongoing Feasibility Study, with the exception of infill drilling, expected to be completed by the end of June 2024;"
This means a PFS, not a DFS I assume?
Thank you