Member Info for Valuation-it-is

I read on another board that the trades are deemed buy or sell dependent on whether the price is in the top half (buy) or bottom half(sell) of the spread. So the market makers can make a sell look like a buy or vice versa by moving their spread. If true this would explain why whole blocks of dozens of trades are one colour and then switch to the other colour for the next block of trades. So I take no notice of the colour or the designation (buy or sell).
Another thing that confuses people is when a trade is reported after the close of business. I understand this is because the order has been "worked" through the day and only reported when finalised. i.e. when the average of all the buys /sells is worked out after the order is completed, or abandoned.

Gorsuch 16.53
I have had a quick look and agree it was a disaster. Did shareholders try to replace the board, at the the AGM approx one month after Gorsuch's revelation? Or was it too late to get organised?
Perhaps those who have been found so lacking, or so self indulgent, should be encouraged to "fall on their swords." The directors do not appear to have a significant shareholding.

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

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

Gorsuch 12.38

Many thanks , will do.

https://www.business-live.co.uk/economic-development/deep-drilling-programme-launched-find-19896201

As a new user of this site, I have seen many references to Brendagate, but do not know the history.
If anyone has the time and inclination, I would be grateful for a brief run down of what happened.
Curiosity has got me interested.

Hear, hear.

£1 ! Presumably he had to take on some liabilities as well - either debt, or site clearance, security or making good all the coverings of the shafts. But I guess, he was in the right place at the right time and knew what the true value was. Was it just luck and foresight?
Were you involved at the time CK?

That's quite a coincidence. Probably some sort of linkage in there somewhere.

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

https://www.hydrogenfuelnews.com/hydrogen-fuel-purification/8543601/?mc_cid=9727b5d2b9&mc_eid=f060cd91ec

The benefit of having masses of opportunities is that EQT can just go for the really profitable ones, and avoid low margin work.

Article suggests hydrogen is coming quickly towards us and the price will drop towards $1.50/kilo around 2025.
PHE should be able to beat that in at least two ways.
1. PHE's hydrogen will already be distributed. It is all very well for NEL etc to produce H2 at $1.50/kilo but they then have to distribute it to where it is needed. That will add very significantly to their price.
2. PHE will be doing another service for the public good as well as providing H2, as it will be clearing up the plastic.
I see the article as positive for PHE as it suggests an H2 economy is coming quicker than we thought, and it is likely to replace Battery EVs with FC EVs. Just the kicker PHE/ Peel need to get going.
Hopefully Peel will also soon fell less cash constrained as the economy re-opens.

Thanks again CK

What percentage concentrate to tonnage mined are you working on to give 6000 tonnes per annum? I thought the UD intercept was perhaps too optimistic to use ....

Thinking of Iberian and Moroccan concentrate - the UK has just organised a direct ferry link Tangier to Poole and ferries come in to Plymouth from N Spain.

Here is a link to a recent interview with Mr Williams where he discusses the backdrop, 2020, and 2021 plans.....

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

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
The backdrop
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/
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

Many thanks CK. I wondered how close Cornish Metals would come to 40k tonnes per annum, if both SC and UD were being mined? If the 40k tonnes being sorted ore represented 4% of the tonnage mined that would mean 1m tonnes output per annum. If both mines were to start operations at the same time there would be cost savings as someone posted previously- e,g. lorries bringing ore from UD to Crofty for processing could take a load of UD +SC waste back to Wheal Jane. Having a smelting plant to process both sets of output might make it a viable proposition, would improve the UK's resiliance and save transporting the ore halfway around the globe and back.
Pages 10and 15 UD & SC of the IPO presentation :-
https://cornishmetals.com/investors/presentations/
suggest to me that there are potentially, if drilling gives positive results, over 20m tonnes of potential at SC and more at UD.
So at 1m tonnes per annum the mine would have a 20+ year life. I note the agreements announced yesterday, were for 23 and 25 years.
A smelting plant might, as you suggest, take in ore from other companies. Strategic metals in Eastern Cornwall is one local possibility. But if the plant were built at a port, then shipments could come from afar. Plymouth has just been granted freeport status and is connected by rail links............ Any more thoughts?

Any thoughts about where smelting might take place and how it might be powered?

I think your first thought is probably right. Previously I had understood the waste, treated, water was to be discharged into the Red River which runs out to the North Coast. So I think it is just the residue that goes to the WJ tailings dam.