Member Info for Valuation-it-is

Good news for the NBV, etc.

In my opinion it is highly likely the share price has been manipulated downwards with the aim of detriment to LTHs. There have recently been a lot of newcomers on this board. Beware what is being written as they may be in league with those who are only self interested and have dubious intent for the rest of us. Vii

Gingy According to the co broker a roadshow was completed this week.

VBR probably still has a lot of the recently raised $600+m left. Lansdowne probably wants more exposure to electrification metals. UKIB has just done a deal to fund VFBs at Invinity and would probably like the look of this. Then you have lots of mining companies looking to move more into electrification metals, and US funds such as Techmet, looking to finance projects to increase western critical metals resilience. It gets easier as the tin price rises.

Hope that has cheered you up a bit Gingy.

Hi Bonkers

The PEA 24 showed a 1% move in the tin price caused a 3% move in the NBV.

Pawgee - Many thanks for the link. It is clear it is not just industrial activity behind the electrification metal price surge; it is investment activity.

I liked the comment:-

"The BHP takeover woke up a lot of people that it is much cheaper to buy a company than building a new mine,”

What is true for copper is likely to also be true for tin - perhaps even more so.

And so the relevance to CUSN.................................

If we look at the cost of building the infrastructure that South Crofty already has, we can add another feature to the compelling investment case. Five shafts already sunk for SC, (see page 21 of

https://storage.googleapis.com/leaf-prod/uploads/company_profile/corporate_page/212/ section_attachment/8bba4128-1e63-4c2f-a330-2fd7bdb60153.pdf

.......a decline also in place (Tuckingmill), winding gear, pumps etc. At UD, CUSN also have a decline (Wheal Maid )

What other valuable assets? A large mineral rights area , a new prospect to explore (Wide Formation) a stake in the lithium area through Cornish Lithium.

And CUSN has already gone through the expensive and time consuming process of gaining permits -

When you align all these features with a forecast lowest quartile cost of production and a short time to production, I conclude that the danger for shareholders is that a cash rich miner looking doe an electrification exposure, will swoop in and buy the company for a fraction of what a longer term holder might achieve.

Risks, - clearly we are not over the financing hurdle - which must be the main risk, but the chances of jumping over that appear to be steadily growing.

An interesting post on another critical metal from NG the TUN CEO

"

Neil Gawthorpe

CEO at Tungsten West

"Great to see the tungsten price moving. Imports of concentrate into China doubled during Q1 and are continuing to increase during Q2. The US have also announced a 25% tariff on Chinese tungsten products which can only be good news for non-Chinese suppliers. "

Gingy ttoday 13.42 "This is "a takeover target for one of the big outfits. But at what price?

Take a look at previous posts referring to what return VBR looks for in its investment. ===>54p to 72p

Gingy

I think that yours is a negative view. Clearly CUSN is not yet in production so the tin price does not affect the trading results, however the tin price will make a huge difference in a way that many may not expect.

When it come to finding finance (US$177m) for the project a high tin price will provide a much better project NBV and a bigger cushion/insurance policy against price volatility. All of that adds up to more finance providers being willing to invest and at a lower interest rate. Which will also boost the NBV. So brokers will use a greater factor between 0 and 1.0 when valuing the shares. e.g. 0.75 x NBV rather than 0.5x NBV.

You know you just want to get it going again.

Headphones at the ready, volume up, then launch........

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

Shorters must be sweating.

Tungsten concentrate prices are moving up sharply.

TT

In previous presentations the company has shown a slide indicating where they are , in the range of their competitors cost per tonne of production. i.e. The Lowest cost quartile. Do you have access to the presentations of previous years?

TT

I agree with you about Vision Blue. If it were them selling we would have seen a TR1 this morning - assuming their shares are held/registered in the UK. And in any case we are a few days off the publication of Q1 figures, which they will have seen through their board representative Mr Trahar. They are insiders at the moment and therefore cannot trade at all. After the results are published and they are no longer insiders, we may well see them buy.

The comment from what appear to be Canadian traders on https://ceo.ca/cusn suggest that the broker is amalgamating buy orders and filling them at intervals, which suggests a single seller based in Canada. It is thought about 100m shares are registered in Canada, so the above average selling last week represents around 40% of the shares held there. To cause a "dump" from a shareholder(s) such as we have seen I think there would have had to have been a negative story emerging in Canada. I am unaware of one. As yet we have not seen any contrived negative stories which tend to accompany shorting activity.

TornadoTony

Perhaps you are referring to the presentation pack?

https://storage.googleapis.com/leaf-prod/uploads/company_profile/corporate_page/212/section_attachment/8bba4128-1e63-4c2f-a330-2fd7bdb60153.pdf

TornadoTony

Did you find the '24 EA on Sedar? I was not aware it had been published yet.

Lovelyboy and Croissant

Thanks for attending the meeting LB and reporting your findings. My understanding is that a junior member of the EA team forgot to post some documentation and as a result the EA had to extend the consultation period. I would be surprised if there is any further extension which I think would only happen if something new is brought up; -unlikely.

On the finance side, I think the CLN buyers are very unlikely to stop at this stage and the next tranche if needed will be provided. My conclusion is that we are almost out of danger and soon be thinking of the timeline to a re-start.

Tinm closed up again today.

Bobat123 17 May 2024 10:12. "The Company will release its unaudited financial statements and management discussion and analysis ("MD&A") for the three months ended March 31, 2024 by May 23, 2024. "

Good info Bobat !

So those major shareholders with board representation and lots of cash to invest, are not able to buy at the moment. Come the publication of the results they will be. Who would want to have a short position then?

And the tin price is up again today.............................

"Copper hits record high amid fears of supply shortage

Gold was not the only metal hitting record highs overnight.

Copper jumped to a fresh all-time peak amid expectations that increased demand will lead to supply shortages.

The price of copper on the London Metal Exchange rose above $11,000 a ton for the first time.

Prices have gained more than a quarter since the start of this year."

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Good news for UD, and the Upper levels at SC