Member Info for Tortoise123

I noticed one of the people who commented on the LinkedIn post has a photo of a tortoise against his username - it’s not me by the way!

In case you missed this LinkedIn post…..

https://www.linkedin.com/posts/cornish-metals-inc_southcrofty-ukspf-ciosgoodgrowth-activity-7350403793617903620-Ujdy?utm_source=share&utm_medium=member_desktop&rcm=ACoAAC8LU_IBr3uXaHFCU-AFcjQ_A0ckKM3WMDI

Old foundry demolished for new workshops

Is the link still live? Tried it too and said expired

Never heard anybody mention the presence Colton at south Crofty, only tiny (so virtually uneconomic to recover) traces of gold

Looking at the trades, most are buys so far, so don’t be too pessimistic Gingy.

Gingy, as you will have seen from my posts, I said yesterday’s CUSN presentation was extremely disappointing. On reflection though, my ‘takeaway’ - from the very little that Don said, is that they want to do things properly to make best use of the asset, rather than hurriedly burn through cash to get it running only to find mistakes were made. I think it’s just going to take a bit longer, but the rewards will come.

Do your own research of course…..

Oh hell, a stray sheep. Perhaps a foreign spy in disguise

The presentation was awful, just awful……

It was billed as a “Corporate Update” so quite reasonably I was expecting to learn something new. On the other hand, since 70% of the shares are held by 4 “on board” stakeholders they are the ones who need to be kept in the know / consulted.

Given that today’s presentation was so poor I am now wondering if CUSN decided to “pull” what they had originally intended to say? Probably my tiny tortoise mind gone awol of course!

Apparently no question were put forward. I think they may have forgotten to activate the function as I wasn’t able to get it to work when I tried typing mine.

Very poor indeed

Presentation just finished. NOTHING NEW

About to start questions

70% of shares held by 4 major groups

I’m listening now. So far they are regurgitating old stuff, nothing new yet

I agree Gingy, buying TUN was a “punt” for me - but not complaining, a gain is a gain!

CUSN is my tip for the future.

I’ll be there (on line)

Merger? Blooming hope not! CUSN need to focus on getting South Crofty into production. Lithium will just be a distraction.

Same here Gingy, but I still think CUSN has loads more potential than TUN over the next couple of years though

I pulled the trigger yesterday morning on TUN as luck would have it, but I completely agree with you. I do think CUSN should be trading at 10 or 12p - based only on my gut feeling.

We’ll get there with CUSN in the end I am sure. Make sure you go to the AGM on Monday, hopefully some good news with give the SP a kick!

Hopefully this is easier to follow…

PEA says 49,310 tonnes of ore over 14 year life of mine. Thus $1,577,920,000 total tin ore value @$32k per tonne (49310 x 32000)

CUSN reckon $13,700 cost of production (AISC) / tonne. So $675,547,000 is Total cost of production (49310 x 13700)

$902,373,000 Net value of tin ore ($1,577,920,000 less $675,547,000)

From last presentation….

1,252,414,079 No of shares in circulation

225,000,000 Warrants

29,250,000 Options

1,506,664,079 =TOTAL SHARES

$902,373,000 divided by 1,506,664,079 shares = 60 Cents (US) per share = £0.44 GB £ per share

Gingy, I reckon 40p, based on current PEA, but do bear in mind they reckon there’s loads more tin in the ground so when goes into production it should be much higher, please see my wonky tortoise maths below:

49,310 tonnes of ore over 14 year life of mine

$1,577,920,000 total asset value @$32k per tonne

$13,700 cost if production (AISC) / tonne

$675,547,000 Total cost of production

$902,373,000 Net value of tin in mine.

1,252,414,079 No of shares in circulation

225,000,000 Warrants

29,250,000 Options

1,506,664,079 TOTAL SHARES in circulation

$0.60 Cents (US) per share

£0.44 GB £ per share

No offence BTW Gingy!!!