Member Info for Cornishknocker

Cuckoo cuckoo. .....

I think tomorrow evening could be a new dawn.... .

I don't know whether this will come to anything, but we'll see

https://cornwallminingalliance.org/positive-project-progress-exciting-opportunities-at-cornish-lithium/

For the majors to come back to Cornwall would certainly be interesting. In the past Rio owned South Crofty, Pendarves and Wheal Jane. Billiton (BHP) owned Mount Wellington. Generally they moved away from smaller mines to super mines, which is why there are no Major owned tin assets.

You mean all time high, 18 years ago it had never been near this price not even half of it.

It's not totally unrelated, if they convert now they get more shares for their notes than if they convert at 50p

Indeed with no one talking to them, they'll soon get bored

That's not new dilution perse, that is riverfort converting some of the loan notes they hold (about 10%)

Hi Troajan, at the moment we have a mill with a capacity of approximately 1350tpd, as you say located 40km away at nugget pond.

The immediate plan is to add a first phase pre concentration with the construction of an ore sorting plant, which will cost in the order of $15 million, by matching the output of that with the input of the nugget pond mill, will allow the mine output to be increased to 1850tpd based on the test work results, which will increase the mines revenue by $27 million per year at a copper price of $9000.

The output of the ore sorting plant will be transported to nugget pond.

The company have stated tgat they plan to have it commissioned for q3 2022.

At present plans for a new mill at ming mine are on hold.

Of course there's a chance, read the RNS carefully. The $2 million is to tide the company over until the NewGen senior finance is cleared - there is the biggest risk laid out clear - what if Newgen decide against providing that finance? Or if its delayed?

Don't worry, I don't like the beer either, I had the nickname long before the beer and the brewery.

Cornish metals are at the stage where a major dilution event is likely, so I agree with you there.

As for knowledge Southwesterner has some pretty amazing knowledge- sometimes we lock horns on finer details, it doesn't make either of us right or wrong, just different opinions, which is all any of us have - opinions, as none of us ultimately have the insider knowledge to know exactly what any of these companies are going to do.

Spreadsheets are great at taking information published and translating to financial forecasts, but these go out the window as soon as something doesn't go to plan- and thats a frequent occurrence in mining.

I agree with everything you've said there Southwesterner. Personally I think we are going to hear some big news on crofty in the next few weeks, its nothing more than a gut feeling.

Behind the scenes they seem to have been lining things up with the resource update, securing Roskear shaft, working on Cooks (they're still working on it), sorting the waste sludge disposal, sorting the deferred payments, assuming shareholders agree to it on Friday (no doubt they will), I think its entirely possible tgat there will be an announcement shortly after.

Tin is at an all time high, yes crofty is technically challenging, but its literally shovel ready.

If anyone is keen on a bit of heavy reading, the full updated resource statement is available on SEDAR.

With all due respect helpme you are sounding a little like you have a gambling problem there. If you want quick returns definitely don't go all on on one share

Hey there, the reason I asked is being from Camborne, we refer to people from tge neighbouring town Redruth as Choppers. Its a bit like a Sunderland/Newcastle thing.

I spent a bit of time working at Boulby (20 miles south of Middlesborough- its really interesting)

On the Coal/metalliferous mining differences, coal is far more dangerous due to risk of gas causing explosions or asphyxiation as well as generally unstable strata - frankly coal mining frightens the life out of me!

Hi chopper (not from Redruth are you?) The second incident on this report bears more of a similarity to what happened in this collapse: -

https://www.amsj.com.au/rockfall-traps-mine-vehicles/

Take your tonnes per day, multiply by the grade, multiply by the recovery and multiply by metal price to give your gross revenue.

So here it's 1350 x 2% x95% x 9400 = $241k per day

I don't really want to get into that on this board but nothing like 50 percent

Hi Helpme, thats a mugs game trying to guess that.

I'll answer the second question first, yes it is more risky than RMM, why?

1. RMM has a producing mine, at present CUSN is an explorer, looking to become a developer.
2. RMM has all financing in place, CUSN only have finance for drilling at present.
3. CUSN are going to need a huge amount of finance to come to production - United downs is 3-4 years from production, South Crofty could come into production quicker, if there is a change in strategy.

Ultimately it depends what you want from your investment, RMM will accumulate if they hit their production targets this year - I believe they will.

CUSN is likely to see a steady rise as drilling results come in, but expect a drop when it comes to financing as their will be significant dilution.

https://youtu.be/n98SvyDdovU