Member Info for Cornishknocker

I see Trafigura are saying $15,000/tonne ($6.80/lb), that would put the mine on for $150 million per year profit, which would make a share price of 15p achievable and we'll be rechristening DJ Elon.

https://www.cornishmetals.com/ If you look at the picture on the corporate presentation link, that us the rig that the company owns.

Absolutely, crofty own an atlas copies rig which they bought about 12 years ago - its not had much use, if youblook on the website there are photos of it underground at crofty.

All the kits at crofty at the moment, not UD.

Hi Marc, the drilling sites are centred around united downs industrial estate, with locations including PC Tonkin and Lasermaster as well as some of tge dereluct land and fields in the area.

It will look very different to that rig, that was a monster (it came on 80 artics and needed 3 cranes (including a 1000t crane) to erect - the top 100m was 1200mm diameter.

Its definitely 2 sizes of core on this drilling, as I said all the rods are on site.

Its going to be dependent on rig availability, from memory the top section of the hole are NQ reducing to BQ, so they may use one rig for each size - I would be surprised though. Both sizes are on site.

For anyone interested tge United Downs GPDO was approved today.

And they own(ed) around 1 billion shares

Remember Aubrey, Lombard are the only one of those issued the placing shares that are currently permitted to sell.

There's not much to prove in terms of maintaining a steady state 1350tpd.

1. The mine has achieved it in the past, the key is to get enough developed ore in front of mining. Availability of haul trucks is also an issue being addressed, with new trucks and stand by drivers.
2. The mill has hit that figure in the past, again any issues are likely to revolve around plant availability, which is being addressed.

By then the mine should be hitting full production for starters.

The GPDO has gone in, the contractor (priority drilling) is engaged. Drilling will definitely start in the next 6 weeks. They are shallow holes,so the first drill site is likely to be complete in 4 weeks and then 8 weeks for results. So I would reckon on first results in july

How much copper has been mined in Cornwall in tge last 100 years - pretty much zero, Cornwall pretty much stopped producing copper by the end of the 19th century.

The biggest problem with copper ore was benefication - the stuff being pulled out of the ground at the end of the 18th century was grading around 12-15Cu, and that was hand sorted and sent for smelting, as the grade dropped there was no way of processing it to increase the concentrate grade and mining switched to tin which was found at depth.

At the beginning of the 20th century froth flotation was developed which enabled the copper ore to be concentrated, but by that stage there were far cheaper sources of the metal.

Wheal Jane was a truly polymetallic mine as opposed to a tin mine, it produced 3 times as much zinc as it did tin, it also produce a significant amount of copper as well as silver - croftys mill was essentially a gravity mill while janes was principally a flotation mill. As a result Janes copper production was pretty much the only copper produced in Cornwall in the last 100 years.

I didn't disagree with you, if you read what I said.

Five candles, read very carefully what I said.

Let's be frank, talk of takeover is pure speculation. Ming mine to tge likes of bhp, newcrest, Barrick and Glencore is small fry - they.are generally looking to multi million tonne operations - that doesn't mean it couldn't happen. I would be more i tetested to see if the likes of Teck or Boliden become interested.

Actually DJ, you might be surprised, I've visited a few working mines and normally all it takes is to show a bit of interest - obviously I have a bit of an advantage there with my background and unless you're with a corporate person you need to show a bit of respect and not put them on the spot with tricky questions. If you're with someone on tge corporate end, anythings fair fame as they know what they can and can't tell you.

And now in the process of reopening. Its profitable to mine if you build a mill tgat can process it

Just looking at ore grades from United and consolidated mines in the late 18th to early 19th centuries. The grades in the 1780's were around 12% Cu and by the 1830's it had reduced to 9%Cu and works were down to 260fms (500m).

If this us a structure between those two mines, it gives a good indication of what could be there, in a world where 2% is eminently minable.

There's not many places you would find a relatively modern decline shaft thats within 20m of the structure.