Member Info for Valuation-it-is

Nissan and Tata seem to be making battery progress in the UK..........................

The Faraday Institution, a think tank focused on batteries, predicts that growing demand for EVs will mean Britain needs the equivalent of six large gigafactories running at around 90pc capacity by the end of the decade. Seed investments from the Government could therefore pay off relatively quickly. Source Telegraph

UK wealth fund please step forward and speak to Alkemy, Cornish Lithium, Green Lithium, Imerys, Cornish Metals, Cornish Tin, and Tungsten West.

The Faraday Institution, a think tank focused on batteries, predicts that growing demand for EVs will mean Britain needs the equivalent of six large gigafactories running at around 90pc capacity by the end of the decade. Seed investments from the Government could therefore pay off relatively quickly. Source Telegraph

UK wealth fund please step forward and speak to Alkemy, Cornish Lithium, Green Lithium, Imerys, Cornish Metals, Cornish Tin, and Tungsten West.

Many thanks - Yes I do. Apart from the presentation featured on the home page, there is the PEA presentation and the October 24 presentation if you follow the link to "Investors" found on the home page. IR is very good at CUSN.

Thanks all.

All in sustaining cost. AISC

In the lowest cost quartile globally. So likely to be resilient as has been proven in the past.

Quite a strong reaction.................. Much greater than that for CUSN.

David Roberts

Do you have a link or source for your "Iirc cost to produce per tonne is $17k" post please? It would be interesting to read about it.

Cut and paste..................

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

Redbeast

Good call on IAG a year ago, and you were right on EZJ. Lets hope your success continues with CUSN.

Vii

Smart Punter Agreement with CL.....................

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.

Hope that helps. CUSN has been given its annual cash payments so far in the form of Cornish Lithium shares.

More D Tel. comment about likely declines in financing costs...............

"Bank of England to cut interest rates at every meeting until August, say economists

The Bank of England will cut interest rates at every meeting until August next year, economists have predicted, after the sharp drop in inflation.

Amsterdam-based bank ING said policymakers would lower the Bank Rate from its current level of 5.25pc to 3.25pc by August - which would mean a string of seven successive quarter of a percentage point cuts."

Comment from the T graph

"The FTSE 100 jumped higher as money market traders priced in an interest rate cut by the Bank of England next month, from 5pc to 4.75pc, as closely watched services inflation fell below 5pc for the first time since May 2022.

Money markets imply there is a 76pc chance of a second reduction in borrowing costs happening in December, up from a 48pc chance on Tuesday. "

It is useful to be able to delay major financing for the project (and not the project itself) in an environment of declining interest rates.

Furthermore, the economic backdrop in the UK should become clearer after the budget on 30/10/24, so uncertainty will be reduced from then on, which again should be beneficial for the major financing. Endeavour will hopefully be able to tap into some HMG investment funding, which may be forthcoming through UKIB. Meanwhile the tin price continues above that assumed for the 2024 PEA, which is positive.

Clearly VBR continue to be supportive and confident, having Mr Trahar on the board representing their interests, joined by Mr Turvey who is well known to VBR.

For a likely interest cost of around £250k, this is a most welcome short term financing. Any party that may have been shorting the CUSN shares will find this an awkward development, so we may see an unwinding of a short position if one does exist. Trading in Canada this afternoon may be an indicator in this respect.

The text used in the RNS ".............develop optionality as we continue to further derisk the project,............." is intriguing.

Sounds as if there are several sources of finance available, and that de-risking will help to bring down finance costs.

Securonomics

The link you found between Don Turvey and Sir Mick/ VBR team in the past is likely to indicate big support from VBR for DT.

I think worries about whether finance will be found will now recede, not that there was much doubt with the 2024 PEA NBV so far ahead of the current market cap.

Https://www.dailymail.co.uk/money/markets/article-13924949/Are-mining-stocks-ready-boom-Investors-pile-global-growth-forecasts-improve.html

My take? Incentive provision and retention.

3.2m share options appear to have just been granted to Matthew Hird the CFO. 1.6m at C$ 0.14 and 1.6m at C$ 0.30.

Croissant

My suggested answer would be that without the permit there would be no point spending the money on the FS, so you wait to see if you get the permit before asking the bond buyers for more money to do the FS.

Which is good news for CUSN 's financing - as the NPV rises around 3 times the rate of the tin price. i.e. If tin rises 1% the NPV of the SC project rises about 3%, making it an even more attractive proposition.

PM PE is 24.00 x yield 4.45%

BATS PE 7,25. x yield 8.38%

Perhaps it should think about becoming American British Tobacco