Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hi Vii.
Have just checked & the CUSN note is still there dated 21 March. Cavendish don’t allow you to distribute it ( as they watermark it with subscribers personal details) but it’s simple to sign up to access their research notes. A great resource for all companies and well worth signing up
Gingy
IMHO I think the route to build the process plant and further infrastructure will be down a project finance route, where debt is paid with future cash flow, or one of the big boys, Glencore/ Rio Tinto /BHP will come in with a buy out offer.
Can’t see VBR diluting their majority shareholding. Remember Sir Mick Davis has recently raised $650m, so raising capital for a project like this should not be a problem ( obviously he has many other portfolio projects needing funding) but it demonstrates finances are available to people who know what they are doing…….. not many have a better CV than him!
Interesting times ahead. DYO, but I’ve spent 3 years following this one and see more positives than negatives.
CUSN have never disguised the fact that their initial fund raising objectives were to reach the PEA and conclude the feasibility study, together with getting the mine in shape for an investment decision to enable production in 2026 ( obviously depending on positive outcome) The team at VBR , main shareholder, are mining industry heavyweights so imho don’t see any issue with the long term production funding.
Drop in SP on Friday with Richard Williams departure, only erased the 9% increase the previous day.
Time will tell with this one, but I’m staying fully invested
the departure of richard williams was not on my event horizon and will be interesting where he emerges in the sector, but comforting he can add in a consultancy capacity.
the pea is only a few months away and anticipate some substantial resource increases based on the last set of preliminary drill results. i’m sure we will all be doing some back of *** packet sums on potential after this. getting cavendish onboard for future placing sends out a positive message. will soon find out if my optimism is misplaced!
the departure of richard williams was not on my event horizon and will be interesting where he emerges in the sector, but comforting he can add in a consultancy capacity.
the pea is only a few months away and anticipate some substantial resource increases based on the last set of preliminary drill results. i’m sure we will all be doing some back of *** packet sums on potential after this. getting cavendish onboard for future placing sends out a positive message. will soon find out if my optimism is misplaced!
Any thoughts on the RNS today?
IMHO, it seems to be positive news to bring forward the refurbishment of the NCK shaft and the £4m saving involved. I can’t see why BOD would reschedule this aspect of the project plan ( and incur forward costs) unless the likely outcome of the PEA is extremely positive , preemptively moving project forward in most efficient way that will result in the reopening of the mine. We will all know in a couple of months time.
Interesting article in FT today on critical minerals in U.K., with mention of tin, lithium & Cornish Lithium. CUSN has positions in all of these but surprisingly doesn’t get a mention. IMHO, When it publishes feasibility study it will hit the headlines
Financial Times,
UK left vulnerable by government inaction on critical minerals, MPs warn
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Harry Dempsey in London
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Read the full article at:
https://on.ft.com/3RrcdNP
GEL are based at CUSN’s United Downs mine
UK geothermal developer seeks £600mn to expand into lithium in Cornwall
https://on.ft.com/3MIBguf
Company is well funded, on program and positive long term tin demand/price. All should become apparent when feasibility study published end of 2024. Markets aren’t rational at times of uncertainty, but take Warren Buffet’s mantra, when markets are fearful, be greedy. Good buying opportunity.
CUSN article in Times today about the start of pumping at South Crofty
https://www.thetimes.co.uk/article/752b99d6-6f76-11ee-b0f3-053d83492f27?shareToken=2190f65d97ade92ffab73d16d854f914
CUSN mentioned in FT article article about Cornish Tin
Financial Times,
Crown Estate grants Cornish Tin rights to explore for region’s gold
--
Harry Dempsey
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Read the full article at:
https://on.ft.com/3ZZi0xX
Interesting article in Financial Times today.
Copper producers warn of lack of mines to meet demand for metal
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Harry Dempsey and Euan Healy in London
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Read the full article at:
https://on.ft.com/46nJO1s
Does anyone know why the copper potential at United Downs does not feature in the overall CUSN MRE picture?
I realise the CUSN focus is on South Crofty and the tin resource there, but given the future Copper shortages highlighted in the FT article & the seemingly high grades noted in the presentation, it would be interesting to get a feel for the potential here. Will this form part of the end 2024 feasibility study?
Imho I suspect CUSN is being dragged down by TUN. CUSN Volume today pretty minuscule, so can’t be driven down by sales. Two totally different prospects. One fully funded, with gilt edged backers, on program & with a potential resource estimate that will rise well above recently published figures. Whilst it shouldn’t be ,TUN is a bit of a basket case.