Member Info for Cornishknocker

Darren is nothing but ego, so much so that he has come up with a handle aping Warren Buffett.

There us no point trying to educate him, he is too arrogant and is only ever right without understanding the first thing about what he is investing in.

Why engage?

Sorry, I'm thinking of the North Yorkshire Moors!

Dalesman, you missed building a new mine off your list!

One thing on the environmental concern side, is you need to look at the bigger picture.

If we are going to decarbonise, with moves away from gas, fossil fuels, going to electric cars etc, we need vast quantities of copper and other metals, so to achieve these targets we need lots of mines- this is tge main driver to tge current metal market boom.

Locally every mine has some environmental impact, but underground mines like Ming, have a far smaller impact then the large open pit mines.

Also in first world countries like Canada and Europe, the environmental protections and controls are far tighter than in places like China and South America.

While raking it with a pinch of salt just looking at tge numbers in the quarterly update for what the phase 2 expansion is targeted to deliver, at current prices it comes to $350 million per year PROFIT ATTRIBUTAL TO ATM!

that could give a valuation of $3 Billion, which would give a share price of £2.50! And that puts no value to the other projects.

If you want to go back further, go to the SEDAR site, where every news release back to 2016 can be found.

That is all obviously in my opinion and you should do some serious research of yout own.

If you buy into CUSN, you are primarily buying a tin play, but with exposure to other metals including Copper and Lithium - Copper as a secondary production stream, Lithium via an equity holding in Cornish Lithium and also equity is some Cornish Lithium projects.

You are buying into a company with multiple assets: -

1. South Crofty - an historic tin mine, encompassing in excess of 20 other tin mines, all with good grades and a sizeable resource. South Crofty could be bought into full production within 3 years. There are many opportunities to grow the resource base at South Crofty, with one location being drilled currently at Carnkie.

2. United Downs: - this area is being heavily explored by South Crofty at the moment, following a discovery by Cornish Lithium of a new Copper Lode, near surface withing Cornish Metals mineral rights ownership. It is likely that this area will prove a second sizable resource but no work has been carried out into minability at present.

3. Other areas. CUSN have a huge portfolio of highly prospective mineral rights, which could potentially grow CUSN into a globally significant tin producer, with protection offered from exposure to other metals.

At the moment I believe the biggest risk to investors in the short term is share dilution. South Crofty requires approximately £100 million to bring it into production, any finance deal is likely to be partly equity based (whether that be JV, convertible loan notes, rights issue etc), in the short term that will likely hit the share price, but it should rebound fairly quickly - but if you need the money you invest in tgat short term time frame you could find yourself sitting on a loss.

Thank you for the good wishes, I wish everyone here a merry Christmas. I think we can sit back and enjoy it and look forward to enjoying the benefits of this next year.

The plan is certainly a sound one, there's been a couple of hiccups, but on the whole the execution has been pretty good.

In 4 months time the contractors will be gone and this will be a fully de eloped mine.

2022 needs to take advantage of the high grade zones to maximise early cash flow, so that the ore sorting plant can be self financed from cashflow, which then gives a very secure mine going forward.

If it was me running it, I wouldn't be overly worried about the ore sorter just yet. Why?

Look at the updated resource, I would be wanting to target production in q2/q3 from the high grade MNZ, TARGETING 1500TPD at 3.5% Cu - you really don't want to run that material through an ore sorter. In 6 months that would create an extremely large positive cash flow: -
1500 x 3.5% x 96% x 180 x 9200 = $85 Million excluding gold and silver credits - double the normal annual cash generation in half the time, which would pay for the ore sorting plant with change, to then target other areas.

If you saw a miner working, you wouldn't have a clue what he was actually doing!

Thank you Blue Square, I was tempted to drag it back up myself this morning

I can put up with you being an idiot, but I will not put up with you saying I said something that I didn't. I have NEVER said ming mine is 45 degrees underground (it isn't, nothing like) you were on so.e crazy theory as ever that global warming would cause the mine to overheat.

That's firmly my belief MO.

http://www.tellusgb.ac.uk/

Indeed it's going yo be a case of wait and see, tge BGS carried out the tellus aerial survey in 2013.

The key word there is MAY, as in the maps may be used as wallpaper.

I did some research on the sensors being used last week and I struggle to see how the data collected will be any good for Lithium prospecting.

The sensors work by detecting micro changes in gravity caused by different rock densities.

In tge hard Rock Lithium granites there will be little or no difference in the density so it won't pick anything up.

It may pick up crosscourses, which would be useful for geothermal and Lithium brings.

The metal lodes will stick out like a sore thumb.

They said when they announced the previous month that they were going to revert to quarterly updates.

It is likely there would have been a production dip as development switched from driving to raising, in preparation for the first production blasts in December. Also in the latter stages of development when working at the edge of the high grade envelope the grade will be lower. So in all liklihood, November would have shown less tonnes at a lower grade - entirely expectedly, before a shift change in early December. If they announced that, the doom mongers would be out in force, in blissful ignorance of the reasons for it.