Member Info for Valuation-it-is

Agreed - tightly held 57% out of public hands. I am not aware of any broker having published research. Anyone seen forecasts for 2021?

Institutional nibbling....?

https://www.lme.com/Metals/Non-ferrous/Tin#tabIndex=2

https://www.lme.com/Metals/Non-ferrous/Copper#tabIndex=2

Bravo! Mr Williams says in view of the strength of the tin market CUSN is going to look to finance the de-watering of the South Crofty mine. One of only two super-giant tin resources in the world, this could open up CUSN's second big opportunity.

Is that the right link? It appears to be dated 19th January......

"As we have reported, without new capital investments, Commodities Research Unit (CRU) predicts global copper mined production will drop from the current 20 million tonnes to below 12Mt by 2034, leading to a supply shortfall of more than 15Mt. Over 200 copper mines are expected to run out of ore before 2035, with not enough new mines in the pipeline to take their place.
Some of the largest copper mines are seeing their reserves dwindle; they are having to dramatically slow production due to major capital-intensive projects to move operations from open pit to underground."
Source:-https://aheadoftheherd.com/copper-shortage-narrative-goes-mainstream/

https://www.telegraph.co.uk/business/2021/04/19/lithium-shortage-may-unplug-electric-car-revolution/

Major Oak

My understanding is that B L is setting up a pilot plant to test the new process. BL is not the company in which Cornish Metals have an interest, that one being Cornish Lithium.
Derek Linfield of Cornish Lithium recently wrote
"....Regarding a smelter, our process will not require a smelter. We have identified a processing site for the hard rock in the St. Austell area. You may have seen our press release where we purchased a 15 year royalty free technology licence from Lepidico. It is described here: https://www.lepidico.com/l-max-technology/l-max/. We think it is the only process that will allow the mining of the lithium from the mica in the St Austell region in an environmentally friendly way, and unlocks the potential of the region for us.

Of course, the extraction of lithium from the geothermal brines (the other part of our business) will not require a smelter as the lithium is already in solution."

In Toronto shares closed at C$0.20, at £0.57997 to C$1, worth 11.599p

https://money.tmx.com/en/quote/CUSN

i think this covers it...
"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."

So hopefully a nice cash flow will open up when the plant gets going.
And there is the annual payment cash/shares now in the fifth year :-
"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,"
So $50k this year and $100k next....

Dumbpunter My reply to you seems to have vanished... Hope this helps

Cornish Metals exposure to Cornish Lithium
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.
----------------------------------------------

Company Website
https://cornishmetals.com/
Pre IPO presentation
https://cornishmetals.com/investors/presentations/
Admission document :-
https://cornishmetals.com/site/assets/files/5388/cornish_metals_inc_-_admission_document_final_10-02-21.pdf
London Stock Exchange https://www.londonstockexchange.com/stock/CUSN/cornish-metals-inc/company-page
Canadian announcements @sedi Cornish Metals Inc. $CUSN
The link to Canadian Market
https://money.tmx.com/en/quote/CUSN
https://www.stockopedia.com/share-prices/cornish-metals-inc-CVE:CUSN/
application for permission for drilling at UD
https://planning.cornwall.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=QPGGISFG0JQ00

The backdrop
https://www.youtube.com/watch?v=HKb8Zg05uYc

https://www.youtube.com/watch?v=n9SD1Z1f0ac 3D computer model + some music by Queen!
http://www.city-investors-circle.com/mining-review-sunday-roundup-14th-feb-2021/#more-8957
https://www.ft.com/content/40577a9b-d4d9-4cdd-8d08-43ce1c132406
https://www.internationaltin.org/nobel-prize-winner-explains-potential-for-tin-use-in-lithium-ion-batteries/
https://audioboom.com/posts/7797416-cornish-metals-ceo-richard-williams-introduces-the-company-projects
https://audioboom.com/posts/7797416-cornish-metals-ceo-richard-williams-introduces-the-company-projects
BBC ‘s Simon Reeves At S Crofty @45 minutes on
https://www.bbc.co.uk/programmes/m000pb6s
https://cornishmetals.com/tin/tin-use/
http://www.city-investors-circle.com/mining-review-sunday-roundup-14th-feb-2021/#more-8957
Bulletin Board in Canada
https://ceo.ca/cusn
Hamman & Partners report
Cornish Lithium exposure
https://www.cornishlithium.com/
https://www.bbc.co.uk/news/uk-england-cornwall-54188071
https://www.mining.com/cornish-lithium-speeds-up-hard-rock-project-development/
https://cornishstuff.com/2020/07/10/cornish-metals-new-name-for-new-mining-hopes-2/
https://wise-owl.com/reports/emh-is-leading-the-pack-to-be-the-first-local-eu-lithium-producer/ competitor
South Crofty exposure
PEA
https://cornishmetals.com/site/assets/files/4962/2017-03-31-scrofty-pea-c84ol6.pdf
Price of tin https://markets.businessinsider.com/commodities/tin-price?op=1
Guaranteed 5% offtake https://cornishstuff.com/2018/10/18/who-we-hope-will-mine-again-return-of-tin-mining-to-cornwall-getting-closer/
Other SML’s Redmoor op (not CUSN just competitor comparison)
https://cdn.website-editor.net/c077baaab49a4754a58400443da010c1/files/uploaded/191111%2520Redmoor%2520project%2520-%2520PDF.pdf
Board appointment John McGloin
https://www.bloomberg.com/press-releases/2020-10-27/cornish-metals-announces-appointment-of-john-mcgloin-as-director

Dumbpunter 9.28

Cornish Metals exposure to Cornish Lithium
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.
----------------------------------------------------------------------

Testpack

I am not aware that Peel have actually signed up as exclusive agents/partners for the building of DMG in the UK. I thought we were awaiting that.Please correct me if I am wrong. Perhaps that is a positive for PHE - if PHE are not yet completely tied in to Peel, perhaps PHE are able to look for another partner in the UK.
PHE is perhaps at the mercy of all the other operators at Protos. Because its USP is to treat the unrecyclable plastic that otherwise cannot be dealt with, its supply of raw material is the result of other operators sorting out the recyclable stuff and dealing with it before PHE gets the left overs. So the other operators plant has to be up and running before we get going. What concerns me is that we may always be in this position for each of Peel's future development sites.

Its one thing to offer to build 12 units, its another thing to actually do it. I think Peel's rents have been hard hit by non payments as I indicated in a previous post which referenced comments made by Peel when they filed their accounts last Autumn. This has happened at the same time as expectations as to the cost of DMG units have risen sharply. I remember we were discussing DMG's at £8m per unit on this board a few months back - and the assumption that producing 70+ units might bring the price down significantly from that. Since then the size of the units seems to have increased, and the addition of kit to separate out hydrogen appears not to have been included in the initial estimates. So my guess is that Peel have had to hold back and perhaps have reviewed the likely returns on capital downwards. We have also found that the treatment of the unrecyclable plastic comes at the end of the process of waste generally, so it looks as if DMG will be installed when the other components of Protos are up and running. All of this appears to suggest a rather lengthy wait to get our first of a kind up and running. Patience is required but hopefully will be well rewaarded.

The flipping from short term holders arising from the placing, seems now to be over. The Canadians, who valued this company a lot more highly before the placing may well be sensing a bargain here. The placing confirmed the onwards progression of the company, and funded the exploration of United Downs and other promising sites. I agree with you that the upside potential is huge.

Rbarm, JulianB and Dr A

Thanks for you replies. The query is not for me. It is hoping to give an answer for others who may be in the process of deciding what to buy with their ISAs on 6 April.

Not all AIM shares are IHT exempt, so I was wondering if PHE was one of them.

I tried 7 times to respond but my postings failed each time. No idea why......

V111LAS 15.03
" I believe that the Company would be better served by professionals who will guarantee the required level of funding . "
Better the professionals do that with a rights issue than a discounted placing to their (flipping) clients.
V111LAS, do you work for either of the brokers?

Three stripes 12.55

Fair comment. or even
we would support it if there happens to be one.

Nice prompt!
Do you know if holdings in PHE are exempt from IHT if held for 2years + ?