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Production from the well is far higher than expected. Great result and ridiculously undervalued now

He should concentrate his fundamental research on palladium instead of gold.
Palladium is primarily used in catalytic converters for petrol engines. The price is high now but will likely tank over the next few years due to the switch to electric vehicles. Who is going to want to buy Monchetundra now given that it will take several years to get it into production?

Very annoying that they are a persistent seller and still have a very large holding

The drilling results to date at Eclipse have been excellent. The company keeps finding more areas of gold mineralisation at high grades. At current gold prices anything above 0.5g/tonne will be economic for open pit mining and the average grade at Eclipse is many multiples of that.

Another big advantage for Eclipse is the location in the heart of a gold mining district. The cost of getting the mine into production is very low as the company doesn't need to build a processing plant. The ore will be trucked to a local plant for toll treatment.

It's definitely worth reading the PEA (preliminary economic assessment) if you're considering an investment.
The IRR (internal rate of return) is only 23% which is low and the capex is a high percentage of the NPV. I like to see a much higher IRR . Above 100% is good

The PEA is from 2017 and is based on a $10/pound price of tin. The price is over $11 currently but when preparing a PEA/feasibility study it is better to use conservative commodity prices

That's a hefty payment to make if South Crofty goes into production.
The PEA gave an NPV of $130.5m so based on that the vendors would need to be paid around $33million by Cornish Metals.

I found the information I was looking for:

Cornish Metals will issue 2,000,000 common shares to GSSF / Tin Shield on delivery of a
positive South Crofty Feasibility Study or commencement of commercial production,
whichever occurs first;
x Cornish Metals will make a cash and / or common share payment to GSSF / Tin Shield equal
to 25% of the Net Present Value (“NPV”) of the South Crofty Project upon making a decision
to go into production. In the event that Cornish Metals’ market capitalization is less than the
NPV of the South Crofty Project when a production decision is made, Cornish Metals will pay
the equivalent of 25% of its market value to GSSF / Tin Shield and the balance (between the
25% of market value and 25% of the NPV of the South Crofty Project) will be paid out as a 5%
Net Profits Interest from production

Isn't there is an offtake agreement for MKA's rare earth concentrate to be sold to a Chinese company?

Just doing some research on this.
Can anyone tell me what payments are owed by Cornish Metals to the the vendors of the projects in Cornwall?

I think this will recover quickly now.
People were cautious about buying shares as they thought Artemis may sell its entire holding. However, it transpired that Artemis only needed to sell less than 3% because one of its funds was liquidated, and it continues to hold Mycelx in the other 2 funds.
The share price was 70p when Artemis started selling so think it could get back there without any news, especially given the recovery in the oil price.
It's also more likely now that the company will win some new contracts which would lead to a very big increase in the share price.

I think we might see Mr Magic return now ;-)

Worth listening to this podcast which discusses Mycelx and why it could be a multibagger
https://share.transistor.fm/s/ff3ba574

Ed had already disclosed in a recent interview that completion would be at the end of this month

Looks like a good time to buy in or top up on the pullback given the progress the company has made and the forthcoming newsflow

Presumably the AISC is higher due to an increase in CAPEX and exploration to increase the mine life. This should reduce in future years. The market cap is still hugely undervalued given the cash generation and potential of the other projects

Just what we wanted to hear :-))

Many speculative traders are in now hoping for a big contract RNS. Those who have followed WSG for many years will know the probability of closing a deal is low given all the lockdowns and problems in the aviation industry. How long will traders be prepared to tie up their funds in WSG?

Today's RNS confirmed IAMGOLD have completed 10,000m of drilling at Fare. Results are likely to be excellent given the sudden increase in volume of trades in ORR. Drill results are often leaky especially if they are spectacular!