Member Info for Valuation-it-is

https://uk.investing.com/commodities/tin-streaming-chart

As I understand it, CL does not know how long brine could be extracted from the same hole and give economic returns.
With hard Rock, you put 1 new kg in and extract a reliable amount of Lithium every time. And there are millions of tons of ore to deal with, so no such worries there.

Wolves
I think there would be many PI's who would jump at the chance to fund a DMG or series of DMGs. It has appeal on many levels. PHE has headed into a very slow moving cul de sac with Peel, and is now not able to demonstrate its technology, because it has not raised the money to build one and appears to be tied to Peel. Perhaps TY should be persuaded to fund and build just one DMG to see what the investor appetite is like. It is all very well to have an asset-light business model, but if others do not do the heavy lifting, the business goes nowhere.
TY had the chance when the share price was nearing 10p ( In Germany) but blew it.

Major Oak - morphing into Major Tom perhaps?
Understand part of your post and agree, but Dr Spock is in town? What is his real name? Musk? He is here from planet Vulcan?

Many thanks, Kenny, Dr A and Wolves for your informative replies. I am grateful. You have addressed a number of points and provided re-assurance.

https://www.telegraph.co.uk/investing/shares/british-dividends-back-bang-get-13pc-yield/

"Mr Lowen said miners were offloading a “tsunami” of cash to investors as profits surged thanks to booming commodity prices. “The money has nowhere to go other than to shareholders,” he said."

Another use of cash piles is to buy resources.......................................

10.03am Aim listed Seeing Machines jumps 7pc

Shares of London-listed Seeing Machines have jumped 7pc this morning.

The Australian company, which makes driver safety technology, said in a trading update earlier this week that 100,000 vehicles had been installed with its driver monitoring system in the past year.

It added that revenues had been boosted 18pc to A$47.3m compared to the previous year - 24pc ahead of analyst expectations.

Seeing Machines' technology uses AI to tell if a driver is distracted or tired.

"In summary I can safely say we have never been busier, nor been faced with such a raft of opportunities for significant growth," chief executive Paul McGlone said.

Major Oak 13.14

Many thanks for spelling out your thinking. You seem most keen on the Lithium angle in CUSN, which although helpful to CUSN shares is not a big factor in CUSN's valuation in my view. I don't mind being proved wrong though!. If you wanted to increase your exposure to Cornish Lithium, I suggest you contact the company through its website and ask to be put in touch with any private investors ( or their estates) who wish to sell their shares. At present there is no public market but I guess, the company itself and perhaps Crowdcube would help facilitate a purchase/sale in this way. The company recently had a fund raise through Crowdcube, so another in the short term is unlikely. My understanding is the next likely public issue will be on flotation on AIM which is likely early next year.

Otherwise re timing of DLE; when I spoke to Jeremy Wrathall at the DLE tech demonstration at UD recently my understanding was that first Lithium production in a commercial way was probably going to be from Hard Rock at Trelavour in 3-4 years time, with Lithium from Brine at United Downs following on about 2 years behind that. Of course that may change. It is very encouraging to hear that other Li producers are able to negotiate off- take agreements 4 years ahead of production. That bodes well for both Cornish Lithium and Cornish Metals. A great insight.

I must admit I am losing confidence in PHE.
Anybody like to point out where I am wrong? Are the following true?

We have no patents filed protecting our Intellectual Property (IP). The idea behind that was not to disclose valuable know-how to others.
Much of our IP is in the mind of D Ryan, who has stepped down as CEO and is now a consultant. Presumably he is free now to consult with others on what he knows.
Peel have not yet paid for exclusive rights to PHE's IP. They have an option to do so, which ironically may stop others in the UK from engaging with PHE. So it appears it is PHE whose hands are tied not Peels'.
The main UK hope for PHE's future is at Protos. PHE have put in £xm of our money into the SPV but there has been no information about Peel doing the same, why?
Financial close on Protos appears to be the trigger for several Peel involvements with PHE. ( Placing + exclusivity option). But who determines financial close? I assume it is Peel. Therefore we seem to have to wait for developments as long as it suits Peel.
The FOAK design appears not to have been settled. Why would Peel commit, to financial close before this has happened?
Which employees at PHE are working on the final design? OR is it an outside contractor who is doing this?
If the latter, how can we be sure the IP will belong to PHE, and be secure, at the end of the process?
Will the DMG do what we expect it to do? What will it cost? Will it be an economic proposition? While I have been a shareholder the posted cost of DMGs seem to have risen from £8m to around £25m per unit.
Why did PHE not raise money to build the FOAK? Selling licences would then have perhaps been simpler with a proven design to show and sell.
I posted my concerns about HUI sometime ago. I will not do so again

Major Oak
Am referring to your post of 8.25am

Major Oak
Thanks. I read your post twice. I am struggling to understand the relevance to CUSN or to Cornish Lithium in which it holds a stake.
Could you write how the information in your post affects either CUSN or CL ?

https://www.hydrogenfuelnews.com/hydrogen-fuel-production-seawater/8547742/?mc_cid=292451db93&mc_eid=f060cd91ec

Good morning Bubble .
The CUSN Consolidated balance sheet note 5 states
Private company shares Cost C$346,014 Value at 31/1/21 C$1,001,007

However that value is not all in Cornish Lithium as there are said to be two investments. My guess is that the majority is CL, and the value of C$1m may nearly be double that now, as the last fund raise of CL inferred a near doubling of its valuation.
So my estimate is that CUSN holds around C$ 1.8m worth of private company investments currently. Not a bonanza but helpful.

Major Oak - Cinovec

My understanding is that CL can produce Li at a lower cost, because infrastructure is already in place in Cornwall.

Apologies but I do not understand what your are asking in
"The fact cinovec has low grade lithium , tons of it in with the tin , does that complicate their offtakers as with CUSN and hopefully a spin off Lithium , would that not make it easier once completed ?"

Major Oak "Maybe a little will rub off here"

Hopefully that will be the case and the timing may be fortuitous.
The Cornish Metals Pre IPO presentation states:-
----------------------------------------------------------
Lithium exposure through Cornish Lithium
Cornish Lithium has the right to explore Cornish Metals’ mineral right areas for lithium-in-brine & geothermal energy. Cornish Metals has a 25% free carried interest on the first project advanced to completion of a Bankable Feasibility Study within its mineral right areas, and a 10% free carried interest on all subsequent projects advanced to completion of a Bankable Feasibility Study.
Cornish Metals will receive a 2% Gross Revenue Royalty on all metals produced from brines or geothermal energy produced from within its mineral right areas.
From January 2017, Cornish Metals benefits from annual cash / share issuances from Cornish Lithium of US$50K per year in years 1-5, US$100K per year in years 5 –10, US$500K per year from year 10, and US$1,000K per year from year 15.
Refer to Company news release dated January 19, 2017 for further info.
------------------------------------------------------------------------------------------------------
The benefit of the latter, to CUSN, rises to $100,000 p.a. from 1.1.22. This will be topped up with royalties once Li from Brine/power production starts in CUSN's mineral rights areas.
Whilst tiny compared to the capital needed to get SC back into production, they may provide some help to the smaller cost of de-watering SC which may come first.
Of greater help will be the shareholding in CL which CUSN is gradually growing as it takes shares instead of cash. Early 2022 is thought to be the time when CL will float on AIM, and when CUSN could if it wished more easily sell its stake in the company.
However, CUSN points out that that its shares offer exposure to Tin Copper and Lithium - key materials in the drive towards electrification, so it may prefer to keep its holding.

DR A Thanks for your helpful reply.

Dr A : Peel option to have exclusivity agreement.
From your posts we can conclude that the clock starts ticking on at least two things WHEN Protos financial close occurs.
1. The 6 months to buy the exclusivity agreement cost £0.5m, and
2. The 6 months to exercise in whole or part the warrant to buy 371m PHE shares at a price of 2.75p/share. cost £10m
This leads me to question who is in control of deciding when financial close is on Protos?
If Peel can control when FC takes place, is it in Peel's interest to push this out as far as possible to maximise their certainty that DMG will work?
Is it in Peel's interest to delay financial close, to conserve cash or for any other reason?
Can PHE withstand delay? Has PHE got any influence over Peel to bring about FC? Can PHE walk away?

Brighters123 Thanks for the info. Any idea how long it has been there? or roughly what it costs?
What SC needs now is a source of cheap power. Perhaps switching to using power surpluses, which otherwise would cause wind turbines to be switched off. Power user of last resort? SC perhaps needs sunny, windy days..............
Anyone got a wind turbine surplus to requirements?

Bubble
I think there is some Government money going in to Sunderland and Coventry but no idea where the big money is coming from. Good question.................

Nuthazard

Thanks for you helpful posts. Vii