Member Info for Valuation-it-is

DVH A genuine question for you. I understand your huge frustration, but you now appear to have concluded that there is no hope for SML. So why do you continue to hold the shares? Why do you bother to post on this bulletin board?
If you really have given up hope is it not better to take your loss and move on? Perhaps you have already sold and think it is a service to other investors to point out the tale of woe that has befallen you? If you have not sold up, then why not just keep quiet for a while and keep your fingers crossed that our luck changes? Keeping the board full of a constant stream of dissatisfaction, if anything rather undermines any possibility of the company raising funds to turn things around.

1.We saw a number of graphs which showed what is going to happen to demand and supply of strategic materials, tin and Lithium etc
The important thing is that supply will not keep up with the expected demand, even allowing for better recycling, more mines coming on stream and working existing assets harder. The gap between possible supply and expected demand is going to be very significant in a few years time. The only conclusion has to be that materials will have to be "rationed by price"
My conclusion was that although what we are seeing now may just be a blip due to supply chains being disrupted, it is however a foretaste of a huge supply deficit to come. There is going to be a rush to get these materials - without them industries will not be able to compete. The dreams of tin at $100,000 per tonne now seem quite plausible in a few years time possible sooner.

2. The second key take-away, Is that the government realises the importance of security of supply. We were told that the automotive fund can apply to copper and tin producers. So they can apply for grants and other funding. Studies are underway to see if smelting can be brought to the UK. Again, HMG seems to be behind this effort and surprisingly may be considering helping with finance. A complete vertical chain of activity is sought. Mine to car. The net zero report published today may have more details. See LLinv post below 15.25 today for link

3.My third takeaway, is that given the huge growth prospects both in volume and price /value, is likely to lead to massive rises in cash flow for mining companies. Whilst funds are needed to get going, the companies will quickly become very large and rapidly growing, cash generators . Stock Market valuations are likely to expand massively. Furthermore, there will be huge pressure to bring the metals on stream as fast as possible. So the stock market is not going to have to wait as long as has been the case in the past for results/payback.
CUSN, CL, TW, SML are sat in the middle of this, literally, an automotive revolution. For those of us rooting for jobs and economic revival in Cornwall, the news could hardly get better.

Cornish Lithium, Stephens Scown LLP solicitors, ERM ltd, Canaccord Genuity and DBX Integrate early this morning,
Hatch, Peel Hunt LLP, Darryn Quayle Worley Europe and DIT , Critical Mineral Association, and Eva Marquis -University of Exeter later in the morning.
Visits to South Crofty and Wheal Vor this afternoon.

The head of automotive investments for BEIS (was DTI) spoke at the conference and two of his colleagues will be at the conference with him tomorrow. HMG seems to have got the message as to how important the success of Cornish Mining is to the UK economy, which is positive news for all the companies presenting. CUSN, SML, CT ltd, CL, BLL, TW today alone. Quite a few London brokers present as well so word is spreading.

It is very important for the UK not to miss this boat. i.e. getting the whole chain of vertical integration from mine to car manufacturing. Without the lithium mining/extraction it is going to be difficult for us to keep the car industry and the 800,000 jobs that depend on it. So we need to fill in with lithium processing cell making and battery manufacture. Batteries with Lithium cathodes do not travel well so car manufacturing may migrate to where the lithium is processed and turned into batteries. The UK need that to be here.

If the right news comes through - Peel exclusivity payment+ 70 more sites for DMG, and similar numbers in Poland we might see 25p. If Hui funding does not arrive and Peel goes elsewhere then zero.

https://uk.investing.com/commodities/tin-streaming-chart
Pushing towards $40,000 a tonne.

And I forgot Cornish Resources Ltd - wholly owned by SML.
Sally Norcross -Webb also made a good case for investing in Cornish Tin ltd ( Wheal Vor)

A very positive outlook was described for Cornwall, with tin, Lithium Copper etc prices heading strongly upwards with the medium term outlook being such that global supply will be running out of key metals in a few years time. With little new supply to come on stream, what metal there is, looks likely to have to be rationed by price. For tin where a lot of the demand is from the manufacture of billions of electrical devices, the cost of tin is a tiny part of the total item, so demand will not be reduced until very high prices are met. So the outlook for CUSN, is excellent. Furthermore, South Crofty is one of the few new sources of tin supply that can be brought on stream relatively quickly - perhaps in four years time because of the existing infrastructure - shafts/decline etc and permits being in place. Elsewhere new tin mines will probably take 8-10 years, so CUSN through SC is in a very good position.
Very positive presentations too from Cornish Lithium, British Lithium and Tungsten West.

At least three brokers attending from London. CUSN, SML. TW and CL all well represented; as well as several Government departments, BEIS. DTI etc.

Minimising CO2 emissions seems not only a worthwhile exercise, but it reduces some costs.
According to the sources below to produce 1 tonne of lithium from hard rock is reckoned to emit 15 tonnes of CO2 which at current carbon prices has a carbon cost of around €900.
To produce one tonne of Lithium from Geothermal waters may emit practically zero CO2 and therefore save that sum.
Sources
https://www.bbc.com/future/article/20201124-how-geothermal-lithium-could-revolutionise-green-energy
and
https://carboncredits.com/carbon-prices-today/

Thanks for the post Kenny. (Pyromex bought 2013.) Why do you think it has taken so long for the huge advantages offered by DMG to be appreciated?
Do you think it is lack of finance, needing to develop the technology, the wrong partners, lack of communication with the right people? Perhaps the returns on the outlay are only now becoming either sufficiently certain or large, to warrant investment?

Never tick the box which dis-applies your pre-emption rights. (AGM resolutions)

https://californianewstimes.com/hydrogen-abundant-energy-source-could-soon-fall-in-price/557952/

https://blogs.imf.org/2021/06/08/four-factors-behind-the-metals-price-rally/
https://www.imf.org/en/Publications/WP/Issues/2021/10/12/Energy-Transition-Metals-465899

#tin demand is highly inelastic, and very difficult to substitute. It requires a very high price to ration demand
$50k tin? Very likely
$100k tin? Entirely possible
My only listed tin position is Alphamin - the best tin deposit on the planet.
Like a ‘61 Margaux or ‘82 Petrus
Who can fill This void in the short or medium term? Only artisanal producers in DRC and Indonesia - but little sign of that at the moment.
Long term we need new, large hard rock mines. But there are very few known assets that can add more than one or two thousand tonnes of supply
Market demand is 30% higher today, and Myanmar production in terminal decline as all the rich pickings are depleted.
Everything that is happening to the #tin price would have happened 8 years ago if Myanmar had not come along and gone from 2kt to 60kt of production overnight.
#tin making new ATH this morning. Should be good for a break higher on Alphamin $AFM.v later today.
880t of LME #tin left, of which 575t is cancelled. What happens when inventory goes to zero? We may find out soon! Some brokers have raised this with the LME but as usual they have no real understanding of what is going on.

BRETT GRIST Cornwall Resources Ltd - Exploration Manager

And the title of the presentation:-

Redmoor: Cornwall’s next tungsten & tin mine

A most interesting link Kenny, thanks.
https://www1.chester.ac.uk/news/university-helps-develop-solution-worlds-waste-plastic-problem
Do Uni of Chester "own" any of the development IP as it seems they have contributed to the research for a long period?

Thisisdaft

I suggest sending an email to Richard Williams, President.,
richard@cornishmetals.com

Saying you would like to take part in any placings that arise. That hopefully would start a dialogue on the subject.
Good luck

Sounds similar to the JV that CL leads, with Imerys / china clay extraction.
If the Lepidico process* works well, then there are mountains of ready mined material waiting to be dealt with. Unfortunately some have other waste mixed in with them, but at least there is little in the way of extraction cost.
* Cornish Lithium has bought the exclusive UK rights for many years to the Lepidico process............