RE: And up we go2 Oct 2025 12:02
Tungstenman. Cornwall Resources Limited does not own a mine, the benefit being we have no mine overheads. We have a tranche of Mineral rights licences, including Kelly Brae (Redmoor) which they (we) are developing in agreement with the land owners. Any mine therefore would also have to be developed within an agreement with the landowners. We have other exciting areas, but Redmoor is currently the main focus. We have an estimated mineral resource and are working to expand this. My hope is that we move to an indicated resource that matches and/or exceeds the estimated resource (and values the company at the figures being bandied about) and sell either the rights or the company. I do not have the many years required left, to watch this develop into a mine and SML, without a significant funding and development partner does not have the resources to do this IMO. I can spare a couple of years to reach an indicated resource estimate and watch the currently developing situation with renewed positive interest.