Member Info for Cornishknocker

Neither British lithium or cornish lithium are conventional mine projects. Cornish lithium plan is to extract lithium enriched water from a 5.6km deep borehole tgat geothermal engineering gave already drilled, they will pump water from the borehole through a heat exchanger which will drive a turbine, the water will then go on to heat a rum distillery and cornish lithium will then extract the lithium.

For British lithium they are planning to remove lithium from tge mica in the granite, they are in an existing chiba clay mine with literally millions of tonnes of already mined material at hand

Not directly, CUSN own large tracts of mineral rights across Cornwall and have granted CL exclusive access to drill for Lithium Brides, if they find any CUSN will be free carried on the first project.

There is absolutely nothing wrong with the processing plant from a performance viewpoint - 96% recovery is top class and cant really be improved on.

The transition from room and pillar to open stoping will shave around 20-25% off the mining cost - its much more efficient and offers improved recovery in the mine.

The copper price is the immediate game changer.

The other big one to look at is the cad/used exchange rate. In 2012 it was at parity today it is 1.25:1

Our costs are in Canadian dollars whereas our income is in us dollars, so say in 2012 our costs were 40 million CAD and our income 40 million usd, the mine would have been breaking even. With todays exchange rate that would be a 10 million cad profit - with no other changes.

I like them pickled

If you check the goodyears cove section of the website, the warehouse there is effectively bonded and our offtaker pays 90% of the value on delivery to the port, with settlement after delivery to the refinery. As such the company is receiving nearly $1 million US every week

Looking at it either the 30th April or 4th May (3rd is a bank holiday)

The next production update is due in the next few weeks

I got to say i feel for the holders who were here before October last year and really hope they recoup somebif their losses.

That's a bit if a case of 'House always wins" LO were owed masses and rambler wanted refinancing, they had to have insider knowledge for the refinancing, sold their shares, were reissued a billion new shares at 0.2p (just sold most at 0.35p) - i think they've done ok - but hey we shouldn't complain, it's what created the current situation which we all stand to profit from.....

Hi f4f, in october the company had a very real possibility of going bust, they were financially crippled, the mine was in a pitiful state, most if the staff had been laid off and the company were cap in hand to their IIs who eventually recapitalisation the company a swapped the debt for equity.

That is frankly nuts if that was to happen, by 2025, ming will be at 2200 tonnes per day and little deer could be at 1800 tonnes per day, if you took an average grade of 1.75% (conservative), that would have rambler producing 67 tonnes of copper metal per day - 23,500 tonnes per year or just over 350 million dollars of revenue, if we said costs of $100 million that's $250 million profit! That would put us around 25p per share!

I would suggest that rather than reading the express (the paragon of truth and virtue that it is), you look at the newfoundland and labrador covid update site.

To reach full production Rambler will need between 200 and 250 employees.

Whats happened to all the posts?

Just seen that estate smelter charges, they are absurdly cheap, one of those big ship we send out carrying 6000t attracts a total charge of $125,000!, yet contains over $15 million.

What does US inflation mean for Rambler?

To me us inflation is likely to cause the fed to increase interest rates, which will see the value of the US dollar rise against the Canadian, raising the value of metals around the world.

Ordinarily this would dampen demand, however these aren't ordinary times, the demand for copper globally has a massive driver in the energy transition from fossil fuels to electricity and mine production is below demand.

Further there is going to be massive global stimulus, which us going to be a further demand for copper, all of this means an increasing copper price and an increasing dollar, meaning a double whammy for Rambler with tge canadian dollars recieved likely to increase massively.

An interesting one us looking at the company page on goodyears cove is it is effectively a bonded warehouse. Our offtaker, Transamine actually pay 90% of the value of the ore on delivery to the warehouse, so the company is actually receiving the best part of $1 million (us) every week

Looks likectgey may have sunk a couple of sellers!

I think we are getting to a point where the news flow is going to start in earnest, we-ve had the quiet build up now the ducks are lined up.

Thats actually more than 9 positions, if you read the mining position adverts, they are worded as multiples.