Member Info for Cornishknocker

Its looking like there is some excitement starting to build around Tin - it could get interesting as Redmoor does have a significant tin content, which I believe will increase with drilling to the west.

When you work out some of the ore values that drilling in the MNZ last came up with, they are quite simply amazing, just taking one: -

74.75m at 8.98% Cu, 2.16g/t Au and 14.24g/t, with prices of metal of Cu - $7900, Au - $1900/oz ($57.87/g) and Ag $30/Oz ($0.96/g) with recoveries of 95% for Copper and 70% for precious metals, that gives each tonne of ore values of: -

Cu - 95% x 8.98% x $7900 = $673.95
Au - 70% x 2.16 x 57.87 = $87.5
Ag - 70% x 14.24 x 0.96 = $9.57
For a total of $771.02 per tonne

Basically the precious metals there are paying for mining and processing, with the copper being profit - which is crazy money.

In some respects I would be delighted if the share price is around this level in June - I don't believe it will be as production results, I am certain will show climbing production towards 1350tpd. I am currently refurbishing a house which will be sold by then enabling me to buy a significant holding here.

Is it to be sold though?

The flip side of that Aubrey is knowing that Lombard can sell on the 8th March, someone else shorts the stock, anticipating that Lombard are going to start selling - and then they don't sell, which could see a hell of a short squeeze.

So on the 8th March Lombard Odier can start selling their 1.1 billion shares - should they choose to, but any sale will be managed. If they choose to sell the lot, its probable tgat they would all be gone by April.

So on the 8th March Lombard Odier can start selling their 1.1 billion shares - should they choose to, but any sale will be managed. If they choose to sell the lot, its probable tgat they would all be gone by April.

None of the placing shares can be sold yet CE mining III and Aether, own about 40% of the companies shares, they cannot sell until the 8th June and only then until the 8th of December through SP Angel, as they see fit.

Lombard Odier, own about 13%, they cannot sell any until March 8th and unless then until June 8th tthroughSP Angel.

Tge recruitment programme is stepping up, these roles are key to increasing mine production. https://www.ramblermines.com/career_listing.php?id=280

Its all there read the presentation

20p? What planet is he on? The problem with some "chartists" is they completely decouple from the fundamentals- that would value the company at £1.6 Billion. On 1350 tpd@2% that isn't ever going to happen, as its only $75 million of copper per year. With the turnaround plan, we could get to $130 million per year revenue, which would see about $50-$60 million profit, which would put a ceiling of about $600 million (£450 million)on the valuation so its a anxious if 6p without another operation - which is the long term plan.

There is some confusion here on the companies processing plants, here's what the situation is: -

1. RMM owns the nugget pond mill, which consists of two different processing plants a copper flotation plant and a hydrometallurgical gold plant. The hydrometalurgical gold plant is not used by RMM, as it is not designed for treating mined ore (A hydrometalurgical is the kind of setup you see on gold rush). As a result RMM are selling the gold plant for $2 Million.

2. All run of mine ore is trucked 50km to the nugget pond 1350tpd copper flotation mill, which produces a concentrate containing gold, copper and silver that the refinery and smelter pays for.

3. RMM has an option to purchase the duck pond mill, which is another copper flotation mill (2000tpd), the plan is to move this mill to ming mine, which will enable the mine to process its ore on site, saving around $18 per tonne of ore in transport costs. A tailings facility will not be required, as a paste fill plant will be built and tailings placed underground, allowing recovery of pillars.

4. That then leaves options with the nugget pond mill - either continue in use, boosting mine production to 3350TPD; scrap the mill retaining anything usable for spares or relocate the mill to little deer - assuming a mine is viable there - it seems highly unlikely it wouldn't be.

So in short, RMM has NOT shut its mill and will not be shutting it for the foreseeable future.

The link between all of the projects in Cornwall appears to be Mark Thompson.

Current directorships: -
Tungsten West (Hemerdon)
Godolphin Minerals
Treliver minerals trustees

Past directorships
Godolphin mining (uk)
South Crofty Ltd
Cornwall tin ltd

There's no link to SML that I can see at the moment

There's the link - Mark Thompson, he's been looking at projects in the South West for a while, he was involved with Treliver Minerals (Now Anglo Saxony mining) and with Tungsten west at Hemerdon, both projects that she has long history with. I can't see she's a main shareholder in reality, she's acting for somebody - she's no longer working for Stephens & Scown, yet is still based in their offices (Osprey house). Its pretty opaque.

https://businesscornwall.co.uk/news-by-industry/appointments/2011/04/lawyer-strengthens-corporate-team/ She doesn't really strike me as the type to suddenly say stuff this, I'm going mining.....

https://www.stephens-scown.co.uk/business/specialist-sectors/mining-and-minerals/

Indeed how? The company has one director (a solicitor), which suggests to me its a facade for someone else.

Funny, I can see it from my office as well!

That would be the one although it was owned by Anglo American at the time (who funnily enough own the new one down the road now!)

The key part of that post Whitney, is that is HALF the targeted production! So double that plus gold and silver credits and its approaching US$ 70 Million