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This will have ruined the day of whoever is short of the stock!

Short squeeze, bid or announcement perhaps.
Whatever, this price is still way below value

https://finance.yahoo.com/quote/CUSN.V/

https://finance.yahoo.com/quote/CUSN.V/

I am wondering if there is a bear squeeze going on in Canada? If the short position is not rolling over, they will be looking for a lot of shares.

Just a guess, but it could be because the UK market was going down and the Canadian market strongly up. So it had to wait for someone to arbitrage between the markets. When that happened there was a sharp move upwards in the UK. The arbitrage looks set to open up again as the Canadian market seems to be powering away. TMX now at 35.5 +10.938%.
https://money.tmx.com/en/quote/CUSN

In a their updated report posted today, VSA capital have increased their 12 month price target to 125p giving 76% upside from the current share price.

https://www.mining.com/web/chinas-companies-are-going-to-any-length-for-a-hold-on-lithium/

The copper producers may be most affected.
If these taxes are raised it will make mining at UD more attractive.

https://www.mining.com/web/chile-senate-advances-talks-over-mining-royalty-bill/

The Canadian market closed at the equivalent of 18.8p. Buyers in the UK market are paying 16.8p.

Thanks again MO.

If you have a link to the documentation I will go through the NPV model.
I was aware there would be other metals available in the brine. In CL's case there is one metal which is extremely valuable If it can be processed. The details of which are best kept out of the public domain.
On a related topic are you aware that CL have mineral rights outside CUSN's mineral rights areas, which could lead them into conventional mining? Whilst it is not their main effort, they are devoting some money to it to see if it would be economically viable.

Superb set of posts Major, than you very much. I wonder what price for lithium they assumed in the NPV model?
In a prior post the link showed just how much lithium can be produced by adding lithium extraction to power plants in California USA. I found it a bit unnerving to see the extra production tat could come from DLE from brine that is currently being thrown away. Perhaps CL should be contacting the power companies in the area and offering to do the job for them.

Fira 16.44

No I am not saying that. Don't know where that has come from.
At £7m market cap, this is already v cheap. At some point there will be a stampede for assets because there are not enough materials to do what the world has decided to do. It will be the price mechanism which sorts it out by raising prices of materials. Those companies who are sat on them will see a benefit. Don't take it from me listen to a billionaire who made his money in mining.
https://www.techmet.com/atlantic-council-a-virtual-fireside-chat-with-techmet-founder-and-ceo-brian-menell/

Here is another for you.
https://www.techmet.com/atlantic-council-a-virtual-fireside-chat-with-techmet-founder-and-ceo-brian-menell/
The message here is scary. In summary there are not enough metals/minerals to go around. Metals prices will have to rise sharply to make it worthwhile to open huge numbers of new mines. Meanwhile a large proportion of the currently available sources of materials have been bought by the Chinese. In our move away from fossil fuels, we have swapped reliance on Saudi Arabia for reliance on China.
It seems clear to me, his aim is to help build supply chains in critical metals for the USA. Shareholdings in TechMet suggest that too.

Hi MO
The 13.5p price of the Cornish Lithium shares in the deal with TechMet has nothing to do with the price of CUSN shares. These are two completely different companies with two completely different shares.
CUSN is quoted on AIM, whilst Cornish Lithium is privately owned and there is currently no market in the shares.

https://www.techmet.com/brian-menell-ceo-techmet-at-the-ft-commodities-summit/

TechMet does not seem to have a huge web presence.
In order to find out whether TechMet will be marketing CL's lithium to the US or UK, it would be interesting to hear if anyone can shed light on TechMet's background other than that stated in the announcement.
"Cornish Lithium expects to benefit from TechMet’s deep knowledge of the battery metals supply chain." Has anyone read of any dealings TechMet has had in that business?

If we were shareholders in just HUI, we would be pressing for very substantial discounts per DMG from PHE. After all it would have been HUI's efforts that made it possible.

After all, where would PHE be without HUI? PHE would still be floundering around trying to recruit a CEO, trying to get patents for its technology and trying to get Peel to pay for the FOAK.
If PHE do not get patents as we hope, HUI will definitely be in the driving seat. It will have orders and perhaps no need to pay for a licence and no need to pay per DMG unit. It could go straight to another gasifier perhaps and use PHE's tech.
I suspect we are beginning to see the negative side of not doing the marketing of DMG ourselves.

Offsetting the above concerns, we have Howard White as a shareholder in PHE, perhaps ready to fight our corner for us within HUI. It will be interesting to see what percentage of HUI he acquires in the forthcoming issue and how that compares with the White family holding in PHE.

Major Oak Many thanks for your thoughts on royalties from CL to CUSN.
I think the Lithium from Hard Rock work CL is doing is taking place OUTSIDE the CUSN mineral rights area at Trelavour. I do not know who owns those rights at Trelavour so cannot be sure. So to be on the safe side I would exclude any Li production from that area from the calculations of any royalties from CL to CUSN.
If CL achieved 10,000 tonnes per annum from brine at United Downs, your numbers would suggest $2.6m per annum ($13,000x 10,000x0.02) . That would be a very useful sum for CUSN.

Why does PHE state
"the formal IP Implementation licence to HUI...........which will cover the licence fees to be received by Powerhouse for any deployment of the DMG technology, has yet to be agreed." ?
This presumably means the £500k per unit is not yet agreed? When HUI go to PHE with 10+12 DMG developments, who will be in the driving seat to set the terms of this agreement?
I am not sure the assumptions we have made about PHE's revenue per unit will be correct.