Member Info for Cornishknocker

Yeah, I've read all of tgat, what I want to know is, who is paying the piper?

Drilling as now moved to the second drill site at Carnkie.

That's some big late reported trades in very thin trading

That would be thee right ball park for sure

6 million tonnes at say 1.2%Sn Equivalent with 70% extractive recovery and 85% metallurgical recovery ar a tin price of $35,000, thats a total revenue $1.5 Billion. I've intentionally gone conservative on all of the inputs.

The survey area is centred on the Central Mining District, so very much Cornish Metals mineral rights areas. The information could be used for Metals, Lithium and geothermal.

From the Metals viewpoint it could be extremely interesting- miningbin Cornwall has centred around mining from surface outcrops and then following the lodes. Many Lodes don't outcrop at surface and many that do, are not visible.

The density of lode material is generally around 50% higher than the country rock, so thus should be able to identify lodes below surface with pretty good clarity.

Isn't that the million dollar question!

I've had a quick look - you want to keep a close eye on the tin market dynamics - at todays price it profitable, but its survivability if the tin price went to sa $22,000 is questionable AT PRESENT.

It's low grade bulk mining so will be sensitive to oil prices as well.

Ultimately at present its a profitable tin mine and if those profits are used to reduce the cost of production as planned it could be a very good company.

The biggest tin play at present is Alphamin, but for many people (myself included) the jurisdictional risk of the Congo is way to high.

Afritins vein hosted project looks like it could be very interesting.

Looks like we have some geophys surveys being done down here at the moment: - https://www.cornwalllive.com/news/cornwall-news/plane-fly-above-cornwall-minimum-6347462?fbclid=IwAR0UENqPTDK17SVTOHARGKWc8_Dn-K8BDWBOAwFTaJyoMbeJOcvWP8Z03U0

This explains the process quite well: -

https://www.agg-net.com/resources/articles/site-reports/dry-mining-cornish-china-clay

The first stage of processing is to remove the mica, which is in a liquid sorry, this deposited into the mica dams over time these dry out. Ultimately they are going to have a very high mica content

I find that unlikely, if as I understand it the Lithium is in the mica, then the richer source will be the mica dams

I was reading the summary of a report on predicted solder market movements until 2030, where they are predicting a demand increase of 50% by 2030. Solder accounts for about 50% of the current tin market - so about 180,000 tonnes per year. That means an increase of 90,000 tonnes per year - modern solders are between 97% and 99% Tin.

All of the the tin deposits currently known, if they were to commence production would only add 45,000tpa.

That's a big hole to fill

Heat? I'm not sure what you're talking about - I've worked in mines that are 45 degrees c underground- it's knackering. At rambler they pre heat the air entering the mine to warm it up, so unless you think the temperature in newfoundland is going to rise by 30 - 40 degrees c, I really shouldn't worry about the mine getting too hot.

I expect in the January quarterly update

https://news.metal.com/newscontent/100918902/%5Bdry-information%5D-throughout-the-global-tin-ore-distribution-development-supply-situation-demand-increases-resources-limited-tin-prices-rise-for-a-long-time

The Chineese are very concerned. The Cornish deposits are typically quartz vein deposits .

The guy who put the model together, is superb, he was one of lecturers at uni before that he worked at crofty for several years and spent 15 years at crofty from 2001 as assistant mine manager, when he spent a lot of time putting the model together. Just as impressive is the physical model at the mine, which is enormous, with scaffold around it, so that you can see it from all angles.

There will be some slashing out of drives required, in order to allow larger machinery.

In terms of the stopes, due to the cut off grade being so high in the 1990's, there are lots of areas of ore left in situ that will now be vert payable, so there is some recovery work, but there are lots of areas available for completely new stopes.

It's not a case of dewater then refurbish, as the lower levels are being dewatered the upper levels can be refurbished. The workings they are aiming to work arelate20th century as opposed to victorian.

Interesting today in tgat there were quite a few expensive cars in the car park that aren't normally there.

I suggest you all listen to this: -

https://omny.fm/shows/dig-deep-the-mining-podcast/tapping-into-the-rich-metal-resources-of-cornwall