Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@pawgee - From the penultimate RNS
'Commissioning of the MWTP is scheduled to commence in August, with dewatering of the mine expected to commence before the end of summer.'
https://www.lse.co.uk/rns/CUSN/cornish-metals-installs-second-submersible-pump-5l4qeok4ng5jf8t.html
ATB LB
@Del.
Thank you for all your efforts on collating the agm questions. I had a few that mostly overlapped with other posters concerns, but I had one specific one which you put forward and it got answered satisfactorily.
Result.
Thanks for taking to time to coordinate this. It's appreciated.
ATB LB
YouTube version of the recent presentation. For anyone who might have missed it. Been away and out of the loop so spologies if already shared...
https://youtu.be/Nrma26bzPB
ATB LB
Https://www.bnnbloomberg.ca/uk-needs-to-revive-rich-mining-history-to-counter-china-1.1942031
Quite old. Apologies if already shared.
ATB LB
Ahh yes. Cheers. I have actually seen that. Addled brain today.
Afternoon all,
I notice from todays RNS the installation of the 2nd dewatering pump mentions 2 phases of dewatering. I'm obviously behind the curve! I've never seen it referenced as 2 phases. Does this mean there is a plan to drain the upper levels and start production on the dry portion of South Crofty or is this purely for the extra drilling campaign?
Can anyone point me to where this has previously been documented. My understanding was an 18 month program end to end, with the infill drilling to start once certain areas were safe to access.
See 'timeline to production' here:-
https://cornishmetals.com/projects/uk/south-crofty/
Many thanks in advance.
ATB LB
Another cracking interview. Well worth a watch if you've not seen it. Looked to me like G had to reel it back a few times there.
@cadellin - Re the second 2m trade. Not totally sure it's two. I think the first was a non price forming (protected portfolio). Daily volume chart only accounts for 2m not 4m. Either way £280k looks promising.
GLA. Fingers crossed for all invested.
ATB LB
I'm with you on this fulmar. Just to add a full blown DFS is a handy tool to have in any combination of asset sale/JV/licensing scenario. With Phal and now potentially mosaic asset #1 there's a potential pipeline of projects forming. More so if you include further projects, mosaic or otherwise, as highlighted by SmartPunter.
It's going to be interesting to see what happens here over time. There's a multitude of ways this could evolve. All hangs on the pilot plant results and ultimately the DFS in my opinion. Bit more patience required.
ATB LB
A sign of life in the news void....
https://www.linkedin.com/posts/cizzle-biotechnology-plc_national-cancer-plan-activity-7086659460999323649-h8Bq?utm_source=share&utm_medium=member_android
ATB LB
Thanks for that. I agree a faster restart is a biggie in TUN's favor.
Back of my mind I wonder if Techmet / Mennell is sniffing about here. They already have a tungsten play but links to the Critical Minerals Association and the Lithium/Tin boys down the road may put this project on their radar.
ATB LB
@Troajan - found it :) cheers.
@SE. On the video linked below I heard George say 50:50 but I took this to mean on the PEA funding - Mosaic providing access to the resources - RBW providing the tech, and support via SGS and their current partners.
Bench trials, assays etc at this stage. I suspect, to see how this stacks up (no pun intended). Of course RBW could always ship some Brazil product out to the Mintek pilot plant to get some initial discovery numbers. ??
Looks like this could be a copy and paste of Phal, but the important difference is with ongoing feedstock from the remaining LoM (as pointed out by others). This link up with a giant like Mosaic could be a significant longer term development IMO.
ATB LB
Morning all.
Interesting rns. Mosaic are a gigantic Co. NYSE listed and circa $12b market cap.
Nice potential partner.
RBW seem to be sticking to their plan outlined below. Personally I like the diversification of territories.
https://www.linkedin.com/posts/rainbow-rare-earths_windpower-rareearths-phalaborwa-activity-7018248814553616384-3mL0?utm_source=share&utm_medium=member_android
ATB LB
Put them in chronological order from official LSE data:-
https://www.londonstockexchange.com/stock/RBW/rainbow-rare-earths-limited/trade-recap
1st one is almost certainly a buy. LRGS (large in scale deferred).
12.07.23 16:10:03 13.34 GBX 500,000 66,700.00 Off-Book P LRGS XLON XLON
2nd one was a probe / non price forming trade (TNCP) So not actually a buy or sell.
12.07.23 16:23:07 13.87 GBX 600,000 83,244.00 Off-Book TNCP ECHO XOFF
Then there was this oddity earlier @15p - ASK was 14 at the time ???
12.07.23 08:26:36 15.00 GBX 300,000 45,000.00 Off-Book P LRGS XLON XLON
Looks good to me.
ATB LB