Member Info for MajorOak

It will happen here one day as " there hasn't been enough lithium" since 2018, but man alive the money I could make v what I have made elsewhere in the 5 years has made perfect sense. If emh go up 1000% I've covered it. So that has paid for me.
Hope the ling term holders dont come unstuck as Putin puts 1m troops on the Eastern Block borders.

Imho VW are looking at the %ages and thinking the risk is too high. Just buy from battery makers like Tesla are doing. Even Musk has bent over a taken a chinese shot from behind over a barrel.

Trikidiki you say that but how thick or long was the seam? Yes they can hit but is it viable ?

VIS hit the nail when mentioning the extraction tonnage and work underground ? You want to avoid as much low grade tonnage as possible. As he said like at CL Trelavour cut off lithium grade 0.11%. ? WTF. Australians laughed at Cinovec with a cut off of 0.4% , as it IS low grade MICA not rock spodumene.
I have held back but the rock lithium although small is a bit embarrassing and a hell of a lot of dirt.
Example cinovec @ 0.4 min cut off ( mine ave 0.75 )
160,000 tons per year needed to extract 30,000tpa of Lith Hydrox. So do the maths. Looks pants.

HOWEVER the brines WILL bring you the love along with TIN.

There were some really wild figures being thrown about after the rns on trelavour. Rediculous figures from some, but I held back and didn't want to cause any trouble.

I am here to learn and cornishknocker and vis are doing one of the best jobs on any forum bar non.
Great job fellas and I really appreciate the levels if detail and your local knowledge. You often put the hard yards in to meetings and mine visits and for that we should be very grateful.

Oh ps the US Gov are now part backing Cornish Lithium tech on brines. These guys are not f ing about.

Why choose vulcan lol. Because they are getting on with business and actually doing stuff rather than chuffin' about since 2018 and making a right F up of getting this sizz together. It royaly naffs me off. Should of been actually mining at latest next year !!!

Stellantis also have chosen Vulcan and for US production Standard Lithium the most progressed new lithium production supply in the US.

Not far behind them in Canada is E3 with PEA of 8 mt Lithium Carbonate and expansion going from 20,000tpa lithium hydroxide to a possible 150,000 tpa of LITHIUM HYDROXIDE 24/7 fully sealed processing modular units. It is not mining rock, just filtering water. Seems simplified but they appear to now have the key to breaking filtration.

KMX Tech in the US showed their brine tech to Cleantech who did due diligence of ONLY 3 MONTHS then bought the tech. KMX then only 3 weeks later completed a deal with Cornish Lithium after again only a couple of months of due diligence ....

BRINES ARE COMING AND FAST !!!

EMH , the politics, the glacial pace - someone promised offtake back in March .... Still waiting...
Bag of old spanners here. Seriously about to take my fingernails out and my very small profit. Actions from a Bod speak louder than the very few words we get.

Get a life KC man up or Fbff. Shockingly slow in the face of getting to market when product prices are hitting premium. By the time they finally get to market in 2027 - their words not mine - there will be way more lithium hydroxide than people thpught only 6 months ago.

If they crack Salton Sands = Greenbushes in steroids 2018 most of these brine companies were not even around ffs.

STANDARD LITHIUM BRINES - VW Sign off take with vulcan brine operations.

MASSIVE News that VW powerhouse are happy with vulcan DLE PROCESSING :-)))

I would think NK34.00 in effect 13 days will be an amazing achievement. Unlikely tbh but happy if you are right.
3 pieces of very big news now overdue.
Possible to get 50% but only if Nikola Corp speak up big time.

Standard Lithium brine and E3 Metals brines will bring 300,000 - 500,000 TPA to US and Canadian lithium hubs.
https://doi.org/10.3390/en14206805

Hi. I value you very much for the knowledge you have of the mines and geology history. VIS you know I love you man , teehee.

My question that I can't get my head around. Like another poster on here years back I was in to oil mainly but gas too. I taught myself to read old historic drill reports and in the end called 3 new wells correctly before they were drilled especially 2 off the coast of Namibia - Chariot. Lots of bluster and hype but I did my research and was lucky. That kind of data is straight forward in most respects.

Here in most places in Cornwall I think many and certainly rainbow chaser herd types will not have a clue of the volcanic uplift and pressures involved in the cornwall granites and surrounding effects.

Take away S Crofty (?) I hope that is nailed on, but the other deposits being tested, how much more testing in your opinion will be needed to clear up a tin copper resource that will be totally bulletproof.
The lodes blow my mind and are extremely unpredictable in vein , distance , type and even CUSN got caught out when they found extra copper i think i remember ?

Anyway, question is about how much more drilling to prove up the next resource ? Maybe a stab at time but i know that would be pure speculation.

Thanks for any reply.
MO

Post of the day.
"You are probably looking at mining costs of around £60/tonne, processing at around £20/t and g&a of around £20. So a c1 cost of around £100/tonne. Which dodoesn'leave anything for sustaining capital and finance costs."

Dumbpunter also a great point about lode thinning out ? Question mark there !

Cornish 7.27 post - correct. Good post and my thoughts on the sp too.

Hahaha and whilst typing out comes an rns.

Interesting day ahead. Not my bag so over to cornish and vis

vis - you do a very good job and your history shows you have a very good balanced view. Now is the time to grab a few shirt collars and ask are they investing or speculating / gambling ? I know after a very quick 100% what I think. Maybe a few words from you may calm things down a tad ? No rush for 3-4 years.

Concern that those who are now rushing in on NO actual news ( I have posted my views on trelavour ) think a US/UK v China senario is fantastic and will bid up the value ? I think last week saw some very bad calcs being done on actual value AND as a note of balance look at what Bacanoro have spent to get to where they are and then think about all that tin, copper, zinc , silver and other ree's.
You have seen the reactions and sp surge.
Have they just walked past the Christmas toy window of Harrods ? Once inside you see just how much it costs to buy your English Teddie v a Chinese made one. From my experience just be careful what you wish for. There is no way any US / UK company will undercut a Chinese company on price but then it would be a cheap shot to poor production. US / UK will be done the "proper" way = always extra costs.
One last thing - Cinovec. The biggest single huge deposit of lithium & tin and fluorspar, so virtually no waste especially on the section in the PFS targeted area. Virtually total production = GREED. S America see TAX as a way to generate from great profitable businesses. GREED has killed many a "special" project.
All I am saying is people need to calm down. Just be careful and careful what you wish for. I've made a bundle , my mate with his first try of buying shares is well happy but I have suggested even to him. Things come at a cost to the land of the billion pound company.
"One of the planned pilot projects, funded cooperatively by the DOE Office of Fossil Energy with industry cost share, combines the resources of the oil and gas industry with PNNL’s technology.

Oil and gas extraction across the US and Canada pumps subsurface water to the surface as part of the extraction process. Lithium is present in much of this water, over a wide range of locations. PNNL scientists estimate that if just 25% of the lithium in water produced through oil and gas extraction were collected, it would equal current annual worldwide production.

To explore this possibility, PNNL, Moselle Technologies, Canada Natural Resources Limited and Conoco Phillips Corporation will conduct a prolonged test at PNNL’s Richland, Wash., campus. There, the team will stress-test the technology by subjecting it to extended cycle testing with the magnetic separator system, a needed step for full-scale industrial production."

Standard Lithium are miles ahead in brine production demo plant up and running with a modular plan & tech which can be bought to expand on royalties.

E3 have 7 million tons of lithium carbonate on PEA not sub 1mt although CL will come in at 3-4mt lith carb imho on PEA. E3 have something like 150,000sq acres of predrilled oil and gas. The wells already exist so much reducing cost of extraction. No towns or villages to worry about and an aquifer thst is 13 Kilometres ....think about that....13 kilometres in length and about 8 kilometres wide under the licence land and pretested brine levels. Pilot then demo next year

Bought more standard too - tick. The partners are too big to fail and I think kmx with CL have broken the dynamic on brines. In short time this will out with the other brine plays as gossip gets out.

Tyson. I was extremely disappointed by the trelavour grades and do not understand / am sure many posters do not understand the cut off point being used as viable is a joke. 0.11% cut off point ?
Cinovec is 0.4% and the Ozzies I know think its a carp mine , in that they deem 1.0% being basic average and north of 2.4% high grade lithium rock.
Why am I bothered ? The amount of dirt they need to dig out or using landfill tailings will be huge.
Cinovec will have to dig out 160,000 tons per year for approx 30,000tpa lithium hydrox. That is at minimum grade 0.4%. If CUSN are to use 0.11% as cut off that could be 4x the cinovec dirt required for the sane pay? Bonkers if you ask me. The values being banded around for the rock lithium are fantasy for rock mica. There are about 4-6 steps in processing v brine 3. The capex will be interesting too in that it can only be way way higher than brines. Then the infrastructure of mining is also bigger and more costly.
I see no reaaon for a rise above 22p and even that after last week I brought back to 20p.
Be careful, there is a shedload of capex to find for cusn too. The lithium is just rotalties of approx 4.2 m on brines. Rock will add little value imho unless they go open pit x 6 in volume.
Cusn need to process smelt copper , tin, zinc and silver and have separate processes and infrastructure and on a big scale. Watch out for a raise on a very fast move to 100% share price gain. It is very common for big money to be raised on the back of swift sp moves. They cash in in the high price giving the loanee a better % deduction rate. Seen it time and time again.
Still someone in canada likes them and they keep buying ??? US Gov backing UK Gov ? When it moves this quick its great but always ask based on what ?
I have no idea, 100% sure its not for the rock mica. So what could it be I have no idea ?
Tin and copper I guess their main assets. Why the rush in sp. We have known tin is vast there for years. Copper high grade since spring along with zinc and silver back in summer. Whats the driver.

I bought E3 at 2.20 today. Made a lot on cusn , took half. Way way above my target on poor lith results.
E3 are in the early standard lith phase. It will go soon enough.

Bubbles volume 2.7million, seen the trades today on aim. I bet a VERY big chunk is leaving the uk for Canada US funds

Wonder if that Red X on IG 11.30pm was any then ???

Well there was an RNS - who knows ?

Both red X have gone now

Torn between my gain and the E3 drop. No reason for it to drop.
Rebought here sub 12.00. could go down further 8.50's max but first to production in the US after current supplier Peak.

Hmm. Flip of a coin. Holding a huge chunk of E3 around 2.80. but down quite a bit. However SLI was like this for 2 years up to 2.50 then back to 1.50 then up to 2. Etc etc. Then 5.00 then 10 then 15.00. i did very well from that. So the sebsible buys are E3, then CUSN, then SLI if it hits sub 10 I'm back in again.
Nel can just sit and do its thing for me.
E3 has the value by far !