Member Info for Cornishknocker

If you took a conservative estimate of $3/lb AiSC, that would give a $1.50/lb margin. 7000t x 2200 = 14.4million lb = $23.1 million Operating cashflow. Its best that you decide what value that would attribute to the company, but I would argue that double or even triple the current valuation would be good value.

Unless there are any large capital purchases, I believe they will be cashflow positive.

Just going through the numbers for April, I am estimating a copper production of 560tonnes for the month, realising $5.35 Million of revenue.
Total gold production foe the month is likely to be 320oz, of which 60oz will be given to Sandstorm, 160oz will be sold to elemental at $380/oz and 100oz will be sold at $1,900, realising $250k, for a total revenue for tge month of $5.6 Million.

A 14 year PEA mi e life is pretty long, at an 8% discount rate there is absolutely no point going any further as it would make a tiny difference to the NPV. The resource also needs to be worked up to JORC compliant resource,..

What is confusing about it?

Just remember profit is made up of more than cashflow generation. In a mine you increase value by increasing your resource, you covert that value to cash by mining it, which depletes your in ground ore.

In short if you increase your inventory by more than you mine you create value, if you mine it for less than it sells you create cash.

So yes it adds to the bottom line now.

Basically shareholder approval to issue the equity for the funding package to be put in place.

If you haven't seen it, this is yesterday's research note from SP Angel, giving a current fully diluted valuation of 48p.
https://*********************/companies/canada/industrial-metals-nonferrous/cornish-metals-inc-/research/sp-angel/cornish-metals-cusn-ln-south-crofty-s-feasibility-funding-valuation-48p-s/7_2022042103495464773

Sorry that should have been Sulphuric Acid, not Cyanide. The proposed extraction method at LCCM is heap leaching, whereby a large heap is created (tens of thousands of tonnes) and sulphuric acid is drizzled over it to leach out the copper. The concern raised in the conditional approval was Acid Mine Water drainage.

Shipping until the issue, LCCM will be producing a high grade copper cement for transport to Burra. I think the issue is concerns over cyanide leaching on a large scale.

Have you seen the RNS from TUN this morning? This highlights the biggest issue with bulk low grade operations- the quantities of raw material and power required is huge per tonne of product compared with high grade operations

WPD started from the South West (SWEB), who took over SWALEC about 20 years ago and then took over the Midlands 10 years ago. WPD will cease to be later this year following the takeover by National Grid last year.

What part of the country does he work? No prizes for guessing where I am! In Canada land ownerships and consents are a lot easier than we have to deal with, which is a lot harder here than doing the actual job!

Just looking on satellite imagery the overhead line is about 10km long (40 - 50 spans of wire). What's not clear is where the system boundary between the electricity co and the mine is.

I don't think the power lines belong to us, se we can't sell the scrap!

If its a complete rebuild, they could build the whole new line parallel and then you're ranking 1 days outage.

At our depot, we are replacing around 500 poles per month, so its not that unusual a job

It means for us that once we're paying tax, we've made "loads a money!"

Hi Apollo, what is going to drastically alter the share price is financial performance.

From the CEO, Q1 has seen the company able to sustain operations from operating cashflows (however they will not be generating free cashflow due to capital developments).

Q2 will see a step change in production with a likely doubling of Copper produced over Q1, at the same time capital costs on underground development will reduce as contractors are demobilised, this will likely see significant positive cashflow and with depreciated costs and added value from updated resources, an operating profit for H1 is very possible, if that occurs then a significant rerate is likely.

Looks like a 30% tax credit on capex

I wouldn't have tge audacity to tell Toby what he should be doing,quite simply because I don't have all the information to understand the limitations that he is working to.

What I do know is it is clear that he his working to turn Ming into a text book mining operation, with exploration and development adequately advanced to sustain production long term.

Yes the should have critical soares close to hand and they know it, but if you have to choose between buying just in case spares and critical equip.ent,its a no brained.

He said finances weren't going to be discussed