Member Info for Cornishknocker

It could be that as they've entered the harder granite, they are using mobile crushers to crush granite for aggregate
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A trading halt is normally applied for during the finalisation if any deal that could have a significant impact on a company 's share price - the intention is to prevent insider trading. The significance of NAE applying for one (with regards to SML) is That NAE are our JV partner in Redmoor, who at present we are underwriting their share of the next phase drilling until they sort their funding. If they have sorted the funding then that is a risk gone.

I see New Age Exploration requested a Trading Halt on the ASX on Friday, with an Announcement due tomorrow in Australia (Tonight in the uk), presumably they've sorted out their funding for Redmoor.....

Looks like whoever bout 1.5million shares yesterday sold them for a quick profit.

I'd agree with all of that. For an investment decision, major funders aren't worried about long mine lifes, ultimately they are looking for a payback period of less than 4 years, beyond that it doesn't matter greatly whether the mine has a life of 10 years or 100 years.

It's just sound financial sense if it's your sole holding. If at the end of the year you want to transfer some of your portfolio to an ISA, Surely you would choose tge holdings likely to give the largest return, hence reducing your tax liability on that return....

Yes you could build the mill for 50 mill, but you still need a railings disposal facility.

Some people here have a completely unrealistic view of how long it takes to bring a prospect to production. To go into a prospective area like Hanns camp, assuming mineralisation can be found in retractable quantities (massive assumption), the typical timescale is 10 - 15 years.

I think it's entirely possible that RCF are playing the long game here. They have a major stake in Redmoor via NAE, if Redmoor makes it through to production, the plant at Hemerdon could be utilised to treat Redmoor ore - it's about a 45minute road journey for an artic. They could pre concentrate on site with a first stage dms plant, for a minimal capital cost, selling the rejects as aggregate, and blend the Redmoor partially concentrated ore, which would help drakelands plant. That would save the construction of a processing plant and waste facility at Redmoor, saving about £100 million on capital costs.

A minor correction there Stockdale, most mines in Cornwall never shut down due to depletion. The tin mines ultimately shut down due to the discovery of alluvial deposits in Malaya, which flooded the market with tin that could be extracted much cheaper than deep tin. Those deposits are now exhausted.

I had a meeting with a couple of mining consultants yesterday, where we ended up talking about this one. I truly believe this has the potential to be the biggest tin discovery in Cornwall since Dolcoath main lode 200 years ago. Generally in Cornwall, what you find is that near surface the lodes have a polymetallic Zone (Until the mid 1800s all of the mines were principally copper mines), as the depth increases the copper and zinc grades reduce, while the tin grades increase, reaching the best grades at the granite/killas contact - these drill holes haven't got near there yet.

There is no gold, it's a comparison grade.

I really don't understand why some people invest in junior miners, every exploration target is years from production, here we have 4 key assets: - 1. Cobre - Its a give me, it has next to no overheads, producing a steady income, yes there is a lack of certainty over its longevity, but that applies to every mining operation. 2. LCCM - Its a small mining operation, that will be in production within 12 months, yes we need more detail on it, but I don't see any real issues. 3. Redmoor - Its a medium term play, constantly increasing the asset value, with each drilling phase, with a PFS in 2019, at that point it will have tangible asset value. One thing the directors could do is commission a PEA, which would put some meat on the bones, although for the sake of patience, it could be spending money for no real benefit. 4. CARE - I'm completely confused why some posters see this as trumping Redmoor, its highly speculative, and at present nothing more than a prospect, its potentially a long term play, unless we strike massive grades in early exploration and sell it off.

Was that meant to be sarchasm? Tin? Try solder, the more things flying on electricity, the more solder is needed. Also lithium will be replaced in the battery market, no matter what technology replaces It, the tin will still be needed. The great thing about tin is that such a small amount is used in tge production of induvidual items, doubling the price of it makes barely a noticeable impact on the unit cost of production, meaning that there is little interest in spending money on substitution.

Johnson, I don't know where you got that figure from but it is completely and massively incorrect. At Crofty the total cost of reopening is $125 million Canadian. The water treatment plant is advancing to construction with diggers on the ground. The cost of the treatment plant is £4 million. The pumps are on order, due for delivery in September. Once pumping starts over the dewatering process, it will consume in the region £5 million of electricity and a similar amount in chemicals, so you are looking at a total dewatering cost of less than £20 million.

PFS next year, so I reckon 2022 - 2023

£150 million is the kind of cost you are looking at for a new build deep mine - if you take the numbers being used at South Crofty and add the cost of 2 new shafts, less the dewatering cost

Now this is looking good! From that we could be looking at a 1MTPA mine, producing the equivalent of 8000 tonnes of tin, with a revenue of £120 million per year, for 10 years - which will increase. Mine construction cost is likely to be in the region of £150 million and cost of production around £9000 per tonne, giving an operating positive cash flow of around £45 million per year and a payback of 3.5 years. It's looking superb!

I had a look on the Perseus release last night. If they don't admit to the LSE, they are already traded on a German Exchange for broker trading, which allows the Perseus shares to be included in an ISA wrapper. However it categorically states that the warrants can't be included in an ISA, so what on earth happens with these, I have no idea?