Member Info for Valuation-it-is

ForestGump
Might be worth visiting the visitor centre some time after its opening on the 9th.

Southwesterner 3 drill rigs ! !
I believe drilling was started at site 2. Do you know which site it then went to? Was it site 3 and now site 4?
For map of sites follow:-
https://planning.cornwall.gov.uk/online-applications/files/07925664529592279340CB0A0B44C13E/pdf/PA21_02353-SITE_PLAN-5531456.pdf

thetriplestar
Interesting question. In case you are not aware of the current arrangements between CM and CL I have copied and pasted, below , information from the IPO presentation pack. One wonders whether investors in Strategic Minerals ( SML) might also welcome a new management team for their company.
The Cornish Metals Pre IPO presentation states:-
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CUSN's 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.
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Seems to give Cornish Lithium a big incentive to get on with the work! As seems to have been the case.............

".......South Crofty Ltd has presented our current drilling plans to Gwennap Parish Council and will be providing more detailed plans for the Trenares Lode program at the next parish council meeting on the 15 June 2021."

Source https://docs.planning.org.uk/20210603/5/QU2YTMFG1V600/8yfdbzjpzvms9dbi.pdf page 26 point 9 second paragraph.

Apologies should have posted that to the CUSN BB.

".......South Crofty Ltd has presented our current drilling plans to Gwennap Parish Council and will be providing more detailed plans for the Trenares Lode program at the next parish council meeting on the 15 June 2021."

Source https://docs.planning.org.uk/20210603/5/QU2YTMFG1V600/8yfdbzjpzvms9dbi.pdf page 26 point 9 second paragraph.

dotcom999 "Openly lying on an RNS......."

If that is the case, take it up with the stock exchange. Intentionally misleading the investment community should be called out. Any director doing so should be voted out at an AGM. You need 5% of the votes to call a meeting, so why not try to do it?

Rooky
There is no doubt about the tin being there in sufficient quantity to warrant re-opening the mine. Not only does the PEA (Preliminary economic assessment) make that clear, but also since the PEA was published the tin price has risen considerably, and further drilling exploration has found plenty more tin. Take a look at the sensitivity analysis within the PEA , and plug in current tin prices to get an idea of the huge upside potential.
What remains to be determined is whether the United Downs discovery is viable or better. The next few weeks should bring news about the first drilling results.

https://www.telegraph.co.uk/business/2021/06/05/high-tech-poldark-digging-lithium-riches-cornwall/

The website has been upgraded /refreshed - I guess for G7 purposes.
And very good it is too.

CK. Many thanks for the link to a tremendous archive of photos. They bring the extent of the challenge and potential ahead to life.

fto99 ESG
For SC I understand that the idea is to sort material below ground and back-fill old workings so there will be little or no material dumped on the surface. SC has 270 miles of underground tunnels some of which are not needed and can therefore be used for waste material.
Otherwise you can look on page 23 of the current company presentation which states:-

ESG focus
Focus on brownfields areas: Projects located in areas of intense historic mining activity –remediation opportunity.
Adding value to the region: New mines will create highly skilled, permanent employment opportunities.
The South Crofty PEA indicates the potential for over 250 new direct jobs and up to 1,000 indirect jobs. The Company is focused on hiring locally wherever possible.
Ensuring the impact of mining activities on the local community is minimal: The surface footprint of Cornish Metals’ operations will be small due to the focus on high-grade underground mining opportunities.
Best-in-class mining practices: Cornish Metals follows best practice, has a commitment to sustainability, and contributing to the socio-economic development of the region where it operates.
Experienced Board of Directors: Ensures high level corporate governance

2 Jun 2021, 07:01
@Tyken Have you look at cusn in the UK? Different (even more bullish) chart over there
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2 Jun 2021, 10:04
@tertio Yeah, Cusn.L is cheaper than Cusn.V - but orders are not easily filled imho. (Last week I ended up with only 40 shares from my 5.000 order, which was above bid/ask.)

EQT has just shown there is plenty of investor demand in our area of activity. £16m raised at a 10% discount, and the share price is now almost back now to pre -placing levels.

You are coming up with some great posts, Nuthazard, many thanks

Should be a most interesting event. Many thanks CK for the tip off.

A small number of shareholders holding tightly. Bodes well................................................

Grizzle1

I guess you are experiencing problems converting your Canadian certificate for AIM shares because the two sets of shares are not yet fungible. (Which also explains the price differences)
Fungibility is due on June 17th I believe, so probably from that date onwards you will be able to convert or even buy/sell in either market.

I'm no fan of chart analysis but for what it is worth take a look at the latest comments on
https://ceo.ca/cusn

https://www.mining.com/lithium-outlook-bright-as-ever-fitch-report/?utm_source=Battery_Metals_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=lithium-outlook-bright-as-ever--report