Member Info for Valuation-it-is

NWF/UKIB's third investment, which is in CUSN, would make ideal material for her speech. If that happens it will boost CUSN's profile no end.

Pawgee - apologies I misunderstood you.

I was not expecting that to be updated - what gave you the impression it was and when? I thought any changes to indicated/inferred would probably come when underground drilling had been carried out after de-watering.

Encouraging news for Redmoor.

The £56m raised by CUSN will take their (largely) tin project forward. The NWF has given its backing with a £25m investment giving approx a 25% stake - on a par with VBR. Getting debt there should now be straightforward.

Publicity for mining in Cornwall will follow.

Encouraging news for Hemerdon from over the border in Cornwall. £56m raised by CUSN to take their (largely) tin project forward. The NWF has given its backing with a £25m investment giving approx a 25% stake - on a par with VBR. Getting debt there should now be straightforward.

Lets hope TUN has similar success with its tungsten/tin project.

Pawgee

The revised PEA has been available for some time. The revision was done in 2024.

You can access it here:-

https://cornishmetals.com/site/assets/files/4962/0423037_south_crofty_pea_-_24_may_2024_sedar.pdf

Makes for an encouraging read......................

Crocqman "To add, if there was no retail element to this raise, then we may well have seen some uplift on this news"

It is great to see that small shareholders have been looked after by CUSN. It is so easy for small shareholders to be overlooked and lose value in placings as has been seenelsewhere in the past - for instance when Cornish Lithium raised funds with UKIB/Techmet and ERG and offered two very different deals.to the big boys and to the small investors. In this case we have one deal, one price and two supportive large investors who are prepared to be scaled back to a limited extent to enable small shareholders to come in at the discounted price.

Given the dire market conditions, the small discount, and the amount raised , Don Turvey and his team should be wholeheartedly congratulated for bringing this off. With HMG now on board - getting the debt finance should be straightforward and we look set for a positive investment decision and then production resumption.

It is been the expectation that finance would be needed which has kept this share price way below a reasonable valuation, and now that the finance AND HMG backing is there I would expect the sp to move towards broker's valuations.

At £39 the historic div yield would still be over 6%. Looking forward divis may rise a little too.

Anyone seen a copy of the UBS note?

UBS raises British American Tobacco to 'buy' (neutral) - price target 3,900 (3,000) pence

Will Reeves cut the red tape which is holding this project up?

Clearly TUN falls into the category of being a growth provider but is subject to £100m bat-tunnel-like constraints.

Gingy Take a look at the 2024 PEA available on the CUSN website. It shows the all-in sustaining cost of production to be $13,660 per ton. Price in the market today $30,000+ A premium price is probably realisable due to its UK provenance.

Source : top line Table 22.1 on page 298

Electronics demand for tin is likely to rise. Data centres have been mentioned as a key driver in presentations by tin companies, and now numbers are starting to come through. Trump has just announced a $500,000,000,000 programme to build data centres in the US. 10 to 20 are now in the frame. They are going to be containing an awful lot of electronics.........See

https://www.youtube.com/watch?v=L1ff0HhNMso

starts about 35 minutes in.

Nice to see a hike in the tin price yesterday back over $30,000 per tonne.

Cornish Lithium haven't floated yet.

Https://funds-europe.com/blackrock-launches-uk-fund-targeting-low-carbon-transition/

Https://www.youtube.com/watch?v=n9SD1Z1f0ac

There's a lot more tin (than is mentioned in the Pea)........

You can say that again.

See the right hand side of page 37 of the current preentation

https://res.cloudinary.com/investorhub/raw/upload/v1729126873/leaf-prod/212/documents/Cornish_Metals_-_Corp_PPT_-_October_2024_tck7gn.pdf

Https://www.ft.com/content/b1393700-8218-44e4-b432-7dd3073a6bce

Https://www.ft.com/content/b1393700-8218-44e4-b432-7dd3073a6bce

Https://www.ft.com/content/b1393700-8218-44e4-b432-7dd3073a6bce