Member Info for pawgee

Some nice upward movement at the end of TSX trading. Will be interesting how UK market responds in the morning

https://cornishmetals.com/site/assets/files/4930/cusn_corporate_ppt_march_2022.pdf

Available on CUSN website

Does anybody know what the capacity threshold would be for establishing a tin smelter in the UK? Richard Williams has indicted South Crofty could produce 4500 tonnes a year. With future Cornish Tin production it may be worthwhile to do this than send it off to China

Agreed CK
Having such a SERIOUS investor as Sir Mick in the company, must be a huge boost for the long term future and imho far outweighs the effect of dilution. Given his past track record he's not the sort of person to expend time on projects with prospects of minor returns. As ancient proverb goes, better to have a little of a lot, than a lot of a little!

Like others, I'm a bit surprised at the SP reaction in the last 2 days since the RNS, but a great opportunity to top up which might not last too long. Imho the ESG funds will start to build positions even though liquidity is low in this stock.

https://www.telegraph.co.uk/business/2022/03/28/former-tory-party-treasurer-sir-mick-davis-invest-25m-reviving/

Good news already in The Times. They quote some interesting figures…….. Annual production 4,500 tons x $40k/ton = £180M pa !

South Crofty revival hopes are boosted by ‘Mick the Miner’

https://www.thetimes.co.uk/article/2738662e-add9-11ec-8570-b43daaf58ea1?shareToken=e22f765053c25abf5098102ab25c0b8f

The trading volumes on both sides of the Atlantic have been minuscule over the last month, with no noticeable individual trades, so difficult to see how a significant shareholder has sold. Do the trading rules allow private sales/transfers?

What are posters thoughts on next release of drill results? Will CUSN release multiple results from different sites in one go or site by site. Been a while since last results on 9 December

MO - totally agree with you here. One of the important character traits about Musk is that he is a visionary & to throw a couple of $billion towards the prospect of tying up security of lithium supply for his European operations would be chump change to him, albeit TechMet has first offer for marketing on Cornish Lithium’s output.
CL’s IPO likely Q2 2022, which will be very interesting to see how that goes.

PL - I’ll raise a glass to that! Happy Christmas to all posters & wishing you a multi-bagging New Year

All the more reason to get our onshore lithium and battery metal projects to the production phase.

https://www.telegraph.co.uk/business/2021/12/21/china-claims-victory-battle-british-lithium-miner/

Vii - I wonder if it is something to do with the BGS report from May 2020, as they identify huge gaps in the lithium resource potential of Cornwall . All helps to formalise data to put the south west on the global resource map.

https://www2.bgs.ac.uk/mineralsuk/download/cmp/lithium.pdf

Copper
Gold has been found at South Crofty, one of CUSNs sites - see Mail article from 2010

https://www.dailymail.co.uk/news/article-1273903/Miners-searching-tin-Cornish-pit-strike-GOLD.html

Any ideas why only 8,658 shares traded today on tsx?

Vii- It seems US DFC , Lansdowne Partners, Mercuria , together with Brian Mennel are noted as “largest shareholders “. BM holds his investment thru his Kemet Group of companies

https://www.kemetgroup.net/brian-menell/

I’d imagine US Gov has an influence in excess of the actual value of any shareholding

Apologies Vii - I see you have already posted much detail on this back on 2 Dec.

Vii - Not sure if you've had the chance to review CL's maiden JORC resource estimate for Trelavour (published 2nd December) , on the Tregathnan Estate, but it contains quite a mind boggling statement on high value co-products.

https://cornishlithium.com/company-announcements/cornish-lithium-announces-maiden-jorc-resource-for-the-trelavour-project/

It notes " 51.7Mt at 0.11%rubidium (RB), 3.93% potassium (K) and 66.1 g/t caesium (Cs) resulting in contained metals of 56,870 t RB, 2.0Mt K and 3,417t Cs as potential by-products".

Li & Cs are both on the US gov list of critical materials and no Cs is mined in the USA , and there are only 3 producing mines in the world, all controlled by the Chinese, hence they control 96% of the market. So if CL has identified 3,417 t, priced around $100k/ KG (Yes, kilo!!), that's about $340 billion of the stuff & about 60 years of current global demand. Not sure my maths is correct as those figures are enormous, but published data shows pricing of Cs.

TechMet's investment doesn't come as a surprise now, given they are majority owned by US gov & part of the deal was first call on marketing of Trelavour production, so they have a potential direct route for this material. Not sure how long it would take to get into production.

.........and the rubidium volumes are even higher. Not sure if this mineral has much commercial value.
Sadly, this asset is outside the area CUSN has royalties.

Can anyone identify the open cast mine is used in the article?

Another Telegraph article today, with a mention of United Downs geothermal lithium project which CUSN has an interest

https://www.telegraph.co.uk/business/2021/12/11/government-sued-frackers-unequal-treatment-energy-crisis-deepens/

CK (13.27) Some research is showing that tin also may have a huge part to play in the construction of next generation Li -ion batteries themselves, so another huge potential market...............makes the hole even bigger!

https://www.internationaltin.org/tin-boosts-silicon-performance-in-lithium-ion-batteries/