Member Info for Valuation-it-is

After 3 w's put dot research-tree dot com then the rest.

https://*********************/media/cornish-metals-company-update-12-02-2024

Lovelyboy

Your link does seem to indicate that TUN expect some continuation in their activity. It also looks to be a bona fide posting by TUN. But I agree with your earlier sentiments, we should wait for an official announcement. Whether a permit is granted or not, investors will need to know what the Environment Agency's conditions are, and what they will cost to achieve. So even if there is a positive outcome to the application it will not be the end of the story. Fingers are still crossed.

Our comments have gone over at TUN.

All comment about a permit and the need for an RNS was just removed.

Thank you Mumbles.

It sounds as if the risk of not having a finance offer has diminished. The question now seems to be what will be the price for the deal.

The backdrop is encouraging. The Chinese have shown their hand with a recent massive restriction on exports of graphite. Clearly REs are in the frame for restrictions too, either because they need them for their own use or wish to make them a political bargaining chip. Whether that is important to ABSA is another matter.

It also looksasif the finance is going to be $120m debt, and the rest ($100m) mix of equity and royalty finance

China/Theo - Please discuss your views on the appropriate board. This board is for Pensana.

Magicallena

A cracking post. Thanks. CUSN starts at around 44 minutes. The interviewer was well prepared, punchy and one of the best .

However, one point which I felt was left unclear was whether CUSN has all the permits it needs to get into production. I understand that it has.

Another point which RW brought out at the end was to correct an erroneous perception that South Crofty is linked to many other mines hydrologically. However, RW expects pumping to continue at a rate of 6,500 cubic metres a day once the mine is dewatered and will then need only one of the three pumping streams currently being used to dewater the mine. (De-watering is currently removing and treating up to 25,000 cu m a day)

It sounds as if exploration news may be coming through in April onwards. And it sounds as if CUSN has several parties interested in providing debt finance. Most encouraging.

It is taking a very long time for the EA to either give approval (a permit) or to say what needs to be done to gain approval.

2 miles away from the mine there are a few properties which have been affected by low frequency noise in the past.

The time taken to try to remedy that problem has cost scores of existing jobs at TUN and quite possibly several hundred future jobs. Not only that, but Tungsten is a scarce resource on the critical metals list and the UK (and the West) needs a resilient supply of the metal. This is an example of how UK permit risk has cost tens of millions of investors money. Just because the mine had a permit in the past did not mean one would be forthcoming on a timely basis for a re-start.

Thanks LB. It was great to scroll through the earlier info too. One link takes a drone camera flight to the water treatment plant

This board is in danger of becoming a waste of time because of ill feeling amongst posters referring to another company.

The best option is to block any poster who continues to do so. Well said Lessee.

MO

Happy New Year to you too. I hope it is successful for you.

Best wishes Vii

Lewis: Is £31k per month total BoD remuneration?

Https://www.youtube.com/watch?v=5qkeHBaXoOI

The future of mining in the SW.

Https://www.youtube.com/watch?v=5qkeHBaXoOI

The future of mining in Cornwall

Why not talk RBW on the RBW board?

Https://www.telegraph.co.uk/money/investing/stocks-shares/investors-look-ahead-2024-optimism-gains-miner-glencore/

"For example, in the first half of the year it spent $1.3bn on acquisitions across “transition” metals such as copper and nickel. It also announced a $1.2bn share buyback programme and a special dividend of $0.08 per share. "

China, the world's top processor of rare earths, banned the export of technology to make rare earth magnets yesterday, adding it to a ban already in place on technology to extract and separate the critical materials.

Alternatives to Chinese suppliers are becoming more attractive - good news for PRE.

Its all about operational gearing.

The fixed costs will not be covered until the volume of sales rises. The order book and level of interest suggest that may come in 2025. Finance to cover increased working capital needs is as you say likely to come first, but a strategic partner may cover that need, or indeed if IES can find the right customers they may fund their purchases in stages.