Member Info for Valuation-it-is

Info on the Geothermal project can be found in a summary here:-
http://science4cleanenergy.eu/wp-content/uploads/2018/10/An-Overview-of-the-United-Downs-Deep-Geothermal-Power-UDDGP-Project.pdf

CK I was comparing mined rock with unmined rock, were you thinking about mica washed into dams?

trikiduki3 " The waste piles that make up the 'Alps' are a potentially already mined lithium source."

I asked about this and my understanding is the % of lithium in the waste tips is the same as in the rock. Which means a huge amount of lithium is present there ready to be processed with no mining cost.

https://www.express.co.uk/finance/city/1534422/UK-news-mining-strategy-china-lithium

Hang on to those share certificates !

The photo used looks like a china clay pit near St Austell which may have a future dual use as a source of lithium from rock. The text of the article, when not about fracking for gas, is about Lithium from Brine, which is being explored for around United Downs which is miles away. So a bit of a muddle.
Unfortunately this article may serve to muddle the readers into thinking that Cornish Lithium is fracking. So not good publicity. But as they say there is no such thing as bad publicity. I think the Telegraph will have to do some further explaining. It looks as if they did not run this by CL before they printed it.
The initial thrust of CL is at Trelavour which is a hard rock project, not the Geocubed JV with Geothermal Engineering ltd for lithium from Brine/geothermal energy.

Pawgee - volatile stock big movements on opening with small volumes.

That is possibly caused by arbitrage between the UK and Canadian markets. e.g. Taking stock off the UK market to make up a market maker's short position in the Canadian market, might not even feature in reported trades here, but could cause a big movement on opening.

https://www.telegraph.co.uk/business/2021/12/11/fight-climate-change-hit-net-zero-targets-will-need-miners/

Whilst the big miners probably have some considerable upside in their share prices,it will be the higher risk, smaller exploration and development companies, like CUSN, which will see the biggest share price moves. e.g. Going from nothing to something is an infinite change, going from 100,000 tonnes per annum to 150,000 is only 50%. If you compare BHP's share price with CUSN since IPO you can see that is already happening. In my opion there is a lot more of that outperformance to come.
Once CUSN gets finance we will be a few years away from such a sea change in output. As we move through the 36 months that will take, the share price will move towards a valuation based on 100% of the SC DCF, rather than perhaps 5% now. Then further upside will come from establishing/verifying much greater resources and opening up UD for development. The danger for us is that a bidder comes in and offers a something like a 50% premium AND is accepted. Accepting that, would turn down a much bigger return in the longer term. Hold on tight to those share certificates!

BBC TV 4 tonight at 7pm Tin mining included

BBC TV 4 tonight at 7pm Tin mining included

Info re signing of agreement between CL and Tregothnan.
https://www.cornwalllive.com/news/business/lithium-riches-under-tregothnan-estates-951930
"The deal means Cornish Lithium will also have the rights to commercially develop other minerals discovered in the exploration process on the land and mineral rights owned by Tregothnan Estates, and that could include tin or another precious metal tungsten, copper or even gold should any be found."

OM Thanks for the tip off.

What is a good buy in price for SLi? Followed you over from CUSN and got the drift. Showing 0 to 0 and closed at 11.3.
Have you a link to a broker's research report I will swot up over the w/e.

https://www.youtube.com/watch?v=CElPrlxKJWE

Great video Useful for assessing how few mines have gone deep in the past.
Gwinear - one of CUSN's exploration hopes comes into the picture at 5.50. Camborne at 6.20, Gwenapp/United Downs at 7.35
To think the thousands of miles of tunnels shown were to a considerable extent dug out with picks, shovels and for the last 200 years, explosives .
Thanks also to Dr K Russ and abandonedminemodels.com for bringing it to life.

There is another "fly through" (regretably no Queen)
https://www.youtube.com/watch?v=n9SD1Z1f0ac
which shows United, Consolidated, Mt Wellington mines together with the Wheal Maid decline. Starts near Carn Brea then at 2.35 and 5.15 there is more of particular interest to CUSN shareholders.

CK That's a cracking find. The Chinese view of the tin market from the perspective of their needs.
I was struck by:-
"We should make an early layout, speed up our efforts to go abroad, and actively explore and exploit overseas tin ore resources. There is a shortage of global resources and a low number of years of security."
and
"Summary: increased demand, limited resources, tight supply, large import uncertainty, long-term price rise."
Watch out CUSN shareholders!

A video of the physical model would be another good thing to put onto the website.

Led Zep "On top of this I'm not a fervent fan of HUI as I don't fully trust what their true objectives may be, as they appear to be W2T reincarnated, but doing a better job, I'll admit."

Not to mention collecting a £30m payday for their efforts to date.............................

I think I heard RW say in the interview (CK 13.47 yesterday) that CUSN were thinking of putting their computer model of the plan for South Crofty onto their website. I expect this will show block by block, level by level, the mining potential and possibly the estimated content of the ore for each block. When I saw this at one of the company's recent meetings I was impressed with both the detail of the planning and the detailed knowledge block by block. Showing this would help confidence in CUSN as a solid investment, albeit one with challenges and risks.

CK The visitors book might make interesting reading!

Fira "Will it take a feasibility study to catch the eye of the bigger fish?"

Best to ask RW that one. Catching their attention is one thing, persuading them to invest is another. Seriously though,
I am sure CUSN will be doing some very detailed planning and costings. The recent recruitment of Mr Stephen Gatley (new director) is welcome in that respect as he has good knowledge of the mine having worked there when it was operating. Although the plan is likely to be meticulous, there will inevitably be unforseen difficulties along the way. If I was providing $100m + finance, I would want a very detailed study and full understanding before I parted with my money! The South Crofty operations update shows you the stages they have already been through and gives an idea of what has to be done. See
https://cornishmetals.com/projects/uk/south-crofty-operations-update/
and don't miss the video which takes you down NCK shaft for an underwater inspection.