Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
MO - very good points. If the U.K. gov doesn’t step in the drive the development of the Cornish battery metals asset base, the US gov definitely will once congress passes funding act for U.K./Australian projects. As you know Cornish Lithium already has US gov backing/investment thru TechMet & first call on marketing rights on production. (CUSN has good royalty exposure to CL) CL identified significant quantities of Cs/Rb in their maiden JORC resource at Trelavour & that must have got attention within US gov.
I’m sure Sir Micks majority stake in CUSN will now start to drive the projects forward. In the long run investing here is a good place to be over next 5-10 years. Also don’t forget Cornish Tin who have just completed a Crowdcube fundraiser, to fund drilling programme, which was 3 times oversubscribed & only went to those with pre-registered interest.
Good luck to all who have invested in Cornwall
Vii- I think you are right here, but for too long Europe and the west in general have been all to willing to chase the cheapest options of production & let all these dirty processes be undertaken in the east. Clearly this needs to change otherwise China will tighten their stranglehold & probably also invade Taiwan & the west will have no means to respond economically. I’m sure both government & industry realise this, Imho there will be quite a rapid shift to self-reliance. Having a stake in CUSN is a good space to be in.
Who owns the Earth? The scramble for minerals turns critical
https://www.thetimes.co.uk/article/3380a3e6-c89c-11ec-aec3-018778242ce9?shareToken=f39a13ea63cccc5b61878cb965f7b695
Crocqman & DC887 - Agree this is a long term play, but imho all the parameters seem that CUSN has the prospect for healthy future capital gains. I’ve been buying steadily since the ipo and haven’t sold a single share in that time. If price drops further I see it as another top up opportunity. Am also in with Cornish Lithium & Cornish Tin, so have strong confidence that the south west will lead the European green revolution. Recent lessons from the eastern side of the world show us we need to become as self sufficient as possible.
Vii - Very much agree that you can see why an industry heavy weight like Sir Mick has noticed CUSN’s future potential. What is curious is the weakening in share price after such a detailed broker note, (confirming what many of us can see in the progress of the company), albeit SP Angel are not independent, all data they use to base their assessment are robust.
For those still looking to build on their position it is imho a good opportunity before SP moves towards 48p target.
If you register on SP Angle website you can download research note. Makes very interesting reading with NPV of us$404m , IRR at 35% with 1.7 years payback, all based on $30k/t Sn, all leading to 48p valuation. UD project not included, so potentially more upside there.
Former Polymetal boss Ian ****erill joins Cornish Lithium
https://www.thetimes.co.uk/article/288536fc-b99f-11ec-94e5-2197dead5942?shareToken=e351c6f70defb081a0975deb5e9ba500
Natnrg- Fortunately I pre-registered, so was able to get my slice ahead of tomorrow. Hope you did as well. Quite surprised they set the fund raising target this low, but clearly any future raises or even an IPO will attract much interest
Imho, this could be another interesting hedge into Cornwall's new era as a top metals producer.
Just look who is the Chairman - Clive Newall co-founded First Quantum a C$29billion mining co and now seems to have his main focus with Cornish Tin. A geologist by background, looking for an exciting new challenge. Can't see him wasting his time, if there is nothing to this project. Their site is The Great Wheal Vor, described in the 1920s as probably the richest tin mine ever worked in the world, with grades between 3% to 5% Sn. Hasn't been mined since the 1850s, so likely plenty still in the ground. Probably, at the same stage as CUSN 2-3 years ago.
DYOR - but probably a good one to get in early if you missed out on early CUSN & will be a slow burner. A bit like a good wine - Buy now to lay down and rewards arrive in a couple of years. Personally, I'll be taking a good slice of this one as well.
Very interested to hear what others think.
CK - 101% agree
Imho its difficult think of a better majority shareholder to drive CUSN forward to the big time. The faithful will be handsomely rewarded - so pleased I topped up again at 20.8p earlier this week! GLA
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.
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