Member Info for Cornishknocker

6th March 1998, South Crofty in Camborne. I was a student mining engineer at the time. The pumping equipment has now started arriving to start pumping the mine out.

The duration depends on whether tge management gi for a PFS or straight to DFS. The part of the feasibility study that takes longest is the resource modelling, but we are building the model at present, which is why we opted for orientated cores. For DFS WE would need processing trials to put together a conceptual plant design. At present I think we will get an updated resource in February/March and a PFS in june/July. I personally think once that is issued, we become a take over target or certainly CRL does.
I just noticed who the competent person is, Paul Gribble was one of the chief Geologists at South Crofty in the 1990's.

Absolutey, it values the contained metal at £2.25 billion, the intercept thicknesses are indicating that the mine could use large scale equipment, massively reducing the mining cost per tonne, a 1% head grade would also permit really efficient processing and tge production of a high grade concentrate, which would see a better price recieves for it.

Next year I think we are going to see an updated resource of around 15MT @ 1-1.1%.

There's much talk of Cobre and leigh creek and those two operations are important as ultimately they prevent the board needing to go to the market, but they aren't big enough to get casual investors excited. Care could be huge but it could be a damp squib, when John Peters says highly prospective that's how I take it he means. The Redmoor feasibility study will be the game changer for this share.

I'm happy for the price to stay where it us for a bit, I can buy some more!

I'm not saying compare the companies, I'm saying compare the drill results, they are two very different comparisons. There results only have one intercept above 1% and that's only 0.29m down hole.

If you want to see a comparison, have a look at premier african minerals, (prem) who have also announced drill results today. Before you do, there are two very important differences in the reporting: 1. We are reporting estimated true thickness, they are reporting down hole thickness. 2. We are reporting in WO3%, the are reporting in kg WO3/tonne, where 1kg wo3/tonne = 0.1% wo3.

We're looking at over twice the tonnage at over twice tge grade. That mine is owned by Sandvik

https://www.tomra.com/en/sorting/mining/segments/non-ferrous-metal-sorting/tungsten To give an idea of a European underground tungsten mine, note the head grade they are operating at.....

Thanks for that, I think! The biggest thing I'd say at the moment with Redmoor, is at present NAE's releases are offering far more technical detail than SML's. But I think that is down the different backgrounds that John Peters and Gary Fietz have - JP is a financier where GF is a Geologist, but the two different backgrounds are going to complement each other well on this project. What they do both share is there attitude, both of them in them in there interviews have an almost child like enthusiasm and excitement for the project(that is meant as a compliment), which will take the project forward. JP has never made it a secret how he feels about this one and to be honest just over 12 months ago, I didn't think this had legs, but I think he's right, this project is going to gather its own momentum over the next 12 months and I can see a decision being made to build a mine in that timeframe.

It's a colourful analogy, but it's looking very accurate.

Oops fat fingers!

I've now spent a few hours going through the drilling RNS and last year's result. There is an awful lot to be excited about
. The first 2 holes look to have identified another 5 high grade zones in the SVS and the grades are stinking. The next 2 holes have also identified multiple zones. It now looks like we are in for 6 months of lots of newsflow on Redmoor.

1. There will shortly be an RNS confirming we are going ahead with phase 2 drilling.
2. In October, we should have the next drill results.
3. In November, weshould have the final 2 drill results from phase 1.
4. By Christmas the phase 2 results should be coming through, this will continue until March.
5. These results will be followed shortly by a resource update, which I think will at least triple the resource as well as increase the grade significantly.
6. By August we should have the PFS, which is when we will see a real valuation assigned to the project.

Exciting times - and that's without everything else.....

It's worth looking at the NAE RNS, it adds a little more colour with some sections through the ore body. The interesting hole is going to be 25

There are more shares on issue than there was then, which acts to reduce the value per share.

I've just plotted and calculated what we've been drilling on at Redmoor, plotting the holes (From NAE's news release), the first two holes of phase one have been drilled from North into the Sheeted Vein System, with the structure looking at being 12-20m wide, with a 1km minimum strike length, dipping at 80-85 degrees. Hole Location A hit the structure at about 400m below surface and Hole Location B hit it at about 640 m below surface.

The 2nd Hole from each of these location are aiming to hit the structure further West and East than the existing holes have, which should increase the confidence of the drill results.

The Next holes at locations C& D Look like they are going to be drilling down dip on the structure itself, from the South, those holes should give a good indication of the top and base of the structure, depending on how deep the drill goes.

But building yesterdays results into the previous model, I think we have a structure containing at least 14 Million tonnes of ore grading at between 1.5% and 2.5% Sn Equivalent.

At present the drilling hasn't extended into the granite, so we probably have at least anoth 100m of increasing grades down dip, which hopefully will show in the holes from location C&D.

All in all its fantastic news (If confirmed by the assays), as it would value the orebody at £4.5 Billion minimum, which could be ulk mined using Standard sub level open stoping with an 800,000 TPA operation, giving an 18 year mine life generating an annual revenue of £180 Million.

Cornwall certainly is mining friendly at the moment, the LEP AND Council have it listed as one of their 10 main opportunities.

Hell, you and Stockdale need to calm yourself down, my comment was purely in response to Trajans tongue in cheek post about Trump.

Fortunately it's looking less and less likely that trump will be around too much longer