Member Info for HoylesFitness

When I say no team of note, I’m referring to their ability to extract tin from the ground and sell it. Investors and awards are great, but what retail investors are interested in is their own ROI.

Ultimately they’re likely to be successful, but it won’t be any time soon. We’ve seen how long it has taken to get Cornish Metals to this point, and we’re still 2 years away from production.

If CT&L are mining anything within 5 years I’ll eat my hat!

I also received the email from CT&L, having taken an interest in them 18 months ago.

Whilst their finds are potentially exciting, the reality is they’re miles away from becoming a business. They’ve got no mining infrastructure or team of note.

We know from Cornish Metals how long it takes to get a mine online, even one that has much of the infrastructure in place.

It’ll be 10 years before CT&L becomes a viable business, and don’t be surprised if a buoyant Cornish Metals has already bought it by then.

Still, all part of a bright future for mining in Cornwall.

I think because all it has done has de-risked the project, not conclusively proven it’s going to go ahead. These are the buying times, because when it gets the go-ahead (which were essentially betting on), the share price should climb quickly.

What makes SC different to other mining projects is we’re dealing with a PROVEN reserve, we’re not prospecting. It’s a huge difference.

Huge global demand for tin

SC is a reliable, domestic supply

Constrained market availability

Investor demand

Government support

Much of the building work already done or under way

Well-financed

Limited environmental impact

Strong local support

Low share price

What am I missing here?! Looks like buying money - whatever you buy at this price will be doubled by the summer!

Mining hasn’t stopped, it just stopped there. Machinery and robotics will do much of what was done in the past, and the human hand will do the rest.

I’d imagine mining is more efficient now than it was before, so I’d expect the calculations are more pessimistic than the reality will suggest.

I believe the FID is expected this year. That's from various interviews and sources I've read.

Reading that makes me 99.9% certain we’re getting a positive FID.

@Anxiety is definitely AI. The account just seems to post an AI explanation of the company. Nothing ‘human’ about the posts at all.

Once we get confirmation of the FID all of those who have been patient will be rewarded. As we’ve said all along…

The world needs tin

There’s plenty at South Crofty and surrounding area

It’s a critical mineral

Only western supply of tin in operation

The UK gov have invested

The tin price is removing risk

There’s local support

There’s little/no environmental impact

Blah, blah, blah.

Don’t be surprised if this goes to £5+ when in full production. It’ll go to £2.50 purely on a positive FID in my mind.

@PR1K - there’s plenty of ways they can do a debt deal.

My personal hope is they do a straight loan - borrow an amount at a fixed rate of return. That’ll save any share dilution etc.

Another point... Money is about to get even cheaper.

As interest rates have dropped (and are likely to continue dropping in the medium term), the cost of finance will be reduced. That'll have an impact on the profit margins as well.

I'm holding onto my stock for the capital appreciation, but if there's a lot of tin to mine, it's easy to get to and the demand is high, dividends will be a nice bonus!

After such a long period of time bouncing around the 6-9p mark, I can’t help but think the city knows something we don’t.

I can’t attribute the 36% price rise solely to re domiciling the listing. There’s got to be more in that, because the shares weren’t difficult to buy beforehand anyway.

I wonder if it’s the announcement of financing being secured? If I recall correctly, the plan was to secure a debt agreement in Q1 2026, so maybe the team have agreed funding?

Either way, it’s nice to see the price climbing after years of stagnation.

We’re down in St Just visiting the in-laws, and I was flicking through The Cornishman (loc newspaper for those who don’t know).

There’s a huge spread on the several Cornish mining projects on the go, the local support and the government support.

Over the years I’ve invested in many businesses, some early-stage, but I’m yet to see one like this, with such strong backing from the community. It’s an absolute open-goal of an opportunity as far as I can see.

I don’t do any technical analysis, but it hasn’t escaped my attention that even in a liquidity crisis, CUSN is generally staying over 8p per share.

It’s nice to see.

Always good to see a director making a significant buy!

Fair price is nonsense - it’s a moving target.

A fair price now will be completely different to a fair price of a productive mine.

Join the dots…

Millions have been poured into this project, via private shareholders, the NWF and hedge funds. They’re not going to want to see that money wasted.

Tin is a critical mineral. It’s in short supply thanks to geopolitics. South Crofty will be the only western supply.

Just be patient. Your 7p per share investment will be worth multiple times more in a couple of years!

I think CHEATED is another AI bot. 'He' (assuming it's human) is almost a cartoon in the views expressed on the board.

I can't see it being a human account, because using earnings per share as a metric to judge a mining project that hasn't started mining yet shows literally zero understanding of what CUSN is or is going to do.

Or you could just tell us…

In all honesty, I'm not sure. What I do know is that there were almost 661,000 shares traded in two batches of 200k, and one of circa 261k. Not sure if they were bought or sold, but my hunch is bought for a couple of reasons...

1. The price spiked 5.21% in the last bit of trading yesterday

2. Price momentum has been higher for the last three months

We'll probably find out more when the market opens again shortly.