Member Info for Cornishknocker

RMM is quite frankly a gift horse, so don't look the bugger in the mouth. Its a turnaround venture, well capitalised in the perfect market - its my largest investment too.

I have believed in SML from the beginning, Redmoir has huge potential.

https://www.ramblermines.com/goodyears-cove.php

Its our port and it doesn't get used by anyone else and we are due a shipment.

It looks like we have our next load of concentrate going out!
https://www.marinetraffic.com/en/ais/home/centerx:-56.1/centery:49.6/zoom:10
That should be 8000 tonnes @ 28%, so about $19 million US.

See they're looking to tge future now, advertising for an apprentice electrician.

Someone mentioned earlier about South Crofty being very sensitive to tge tin price, as a pure high grade tin mine its always going to be. Redmoor (at present) is not particularly sensitive to it (its more sensitive to the tungsten price). However if drilling west proves that the tungsten gives way to high grade tin (as the last hole showed) then tgat would put a very different picture on it.

No I'm not in AAU at the moment (not for any reason other than to put the money elsewhere). Its one I'll keep looking at, its a great company.

Hi Barrel, at present there is no tonnage associated with it as its not part of the resource, until its more thoroughly drilled you cant infer to much other than its a great intercept.

A 20 metre wide ore body is a bulk mining scenario and 9% is frankly huge. Each cubic metre at that grade would be worth over $2500. If it had 100m strike and 100m down dip extension and an average thickness of 19m thats $500 million - at todays capacity that could be mined out in 15 months at a cost of about $60 million. There's obviously a lot of ifs there and its purely hypothetical, but it demonstrates the potential of that block.

The company are aiming for a 2% Rom grade, which is pretty high, but on the last drilling round there were some exceptional intercepts (over 10% over a wide length) which is bonanza grade. And yes there is gold and silver.

Its on proactive investors YouTube channel

20p with 11 billion shares in issue, do you realise tgat would give us a market cap ofover £2 Billion? We would need to be generating profits o £600 - £750 million per year for that - its not going to happen without another 5 mines!

And I don't mean as far west as cornish metals

Depending on your feed you use different techniques, both wolframite and cassiterite are simple oxide ores, tgat separate easily by gravity, and you can separate the wolfram from tge tin magnetically. The cassiterute is also amenable to oxide flotation. But I wouldn't worry too much about that at the moment.

I suggest you go back to yesterdays interview and listen very carefully, and here's a hint - go west......

Broker, yes thats my background - the key thing is its easy for BoDs to come up with fanciful figures, but here there us a lot of proven data and its easy to make comparisons with other companies to see that the aims are achievable. Long term its a 4-5p share price. But share buy backs are possible in tge medium go long term.

Don't confuse this with an explorer, who need to do everything from scratch up front before they can become a miner.

The move will take 18 months to 2 years, so uou're looking at about $1.5 million a month. By the time that move starts, the ore sorting will be operational, with a mine production rate of around 2000tpd @2% Cu and a mill recovery of around 92% producing $117 million of copper per year (plus gold and silver) with costs of around $60 million ($5 million profit each month) - so no we don't need any more money.

The whole move cost us likely to be in the region of $25 million.

The $10 million DOES NOT cover the cost of moving the whole mill, what it covers is the construction of the new ore sorting plant, which will require some of the front end of the duck pond mill - primary/secondary crushing circuits along with screens and possibly wash plant depending on ore sorting technology used.

The main mill move will require extensive civil works before anything happens.

The mill is the processing plant, which contains lots of equipment such as crushers, grinding mills, clarifiers, screens, hydrosizers, hydrocyclones, and flotation tanks.

I couldn't resist another nibble earlier which us showing as a sell - and its nowhere near the top prices showing as sells

Nugget pond is not a mine, it is a mill.