Member Info for Valuation-it-is

The tin price seems to be responding well to news of Chinese reflationary measures, up 5.2% in the last 24 hours.
A bounce back may come through rapidly as stock levels have been depleted recently.
Watch out shorters!

Adrian 0666
I have just noticed another cause for the share price drop - -that is someone has been shorting the shares. 781,336 are now shorted.

Adrian0666

The tin price will be the main driver of the company's profits in the future. The tin price has almost halved from its recent peak on de-stocking and on a sharp drop in demand from China which has been affected by covid lockdowns. As you say EV demand should push up prices over the next few years, as little extra production is forecast to come on stream. That should help the share price. But in the short term recession worries and thoughts of a drop in demand as a result are affecting the share price , or for medium to long term investors, are providing a buying opportunity.

Dreamcatcher887
When the spread is wide, it may be best to go through a broker giving instructions to buy just above the mid point of the spread. This has worked well for me.

GEL (CL's partner) in the press:-
https://www.express.co.uk/news/science/1635063/energy-crisis-lifeline-goldmine-cheap-power-geotherman-coal-mines-red-wall-votes

LONDON (Reuters) - Britain on Monday launched a centre to gather data and analyse information on the supply of critical minerals such as cobalt and lithium, key for electric vehicle (EV) batteries.
The centre, to be run by the British Geological Survey, will use the data to help to find ways to source minerals needed for green technologies such as EVs and wind turbines, national defence and mobile phones. "As the world shifts towards new green technologies, supply chains will become more competitive," minister for industry Lee Rowley said in a statement.
The first major work of the new Critical Minerals Intelligence Centre will be a study into future demand for and supply of minerals needed for EV batteries.
Britain aims to establish an EV industry but risks falling behind if it cannot build more battery factories.
A Critical Minerals Strategy for Britain will be published later this year, the statement said.

After United Downs, Cornish Lithium -CL- ( in which CUSN has a stake and from which CUSN will receive royalties equal to 2% of gross revenues on all metals produced from brines or geothermal energy produced from within its mineral right areas) is nearing the end of exploration at Twelveheads (expected finish mid/ late July)
See https://cornishlithium.com/wp-content/uploads/2022/03/CLL_Drilling2021_-Updated-Factsheet_vF.pdf
CL is collaborating with Geothermal Engineering ltd through Geocubed which has four more exploration projects (see https://geothermalengineering.co.uk/future-sites/) at Tolvaddon, Manhay Penhallow and Mawla.
CL has just announced an agreement with Roddas to explore on its sites.
https://cornishlithium.com/news-and-media/company-announcements/
There is a lot to evaluate here but it seems as if it is going to add lots of value and excitement. An overview is available on:-
https://cornishlithium.com/cornish-lithium-in-the-news/lithium-for-ev-batteries-the-art-of-mineral-extraction-with-cornish-lithium/

https://youtu.be/zATGdeqmj9k

Good morning LB
I think the number of truck movements will be a lot lower at the moment - for moving aggregate that is. I think TUN has just been testing the market with existing stocks as it is not yet mining/crushing rock.
When the company was considering mining 3.5m tonnes of rock p.a. I think they were hoping 2m tonnes of that might go to aggregate sales. That may have been trimmed back to 1m tonnes of sales. At 20 tonnes per lorry load, that would be 50,000 export lorry movements per annum or 1000 per week - 200 per day.
The expected prices 10 months ago for aggregate sales were:-

Fill agg £8 to £12 /tonne
Concrete agg. £15-20/ tonne.
If lorry movements are restricted, it would seem to be better to be selling aggregate for concrete manufacture than fill, so 1m tonnes might bring in revenues of £15m to £20m.

Good morning Rooky.
This might help
https://www.investorschronicle.co.uk/news/2022/04/07/mining-guide-how-to-read-drill-results/

How many years of productive, profitable, activity does the PEPR give SML? So, who will provide finance on that basis?
One way forward would be to crystalize the value of Redmoor and raise some finance with that as a guarantee perhaps.
Any thoughts anyone?

LB

Interesting numbers. I thought that the150 lorry movements were for export i.e. lorries leaving the site. So perhaps 150 not 75. The lorries might carry more than 16 tonnes. . Also I think TW has agreed to pay GRS 18% for marketing and logistics, so they may be getting nearer the £20/tonne you paid, less 18% to GRS. All seem to be pointing to a higher number than £3m p.a. to me.
However, it is all a bit up in the air until we hear what the revised mining plan will be.

FT article
A pro-Chinese government group has impersonated environmental campaigners on social media platforms in an effort to undermine rare earths producers in the US and Canada, according to a cyber security consultancy.
Mandiant said the group behind the attacks, known as Dragonbridge, had used fake Facebook and Twitter accounts to claim a US government-funded rare earths refinery in Texas being built by Australian group Lynas Rare Earths would “expose the area to irreversible environmental damage” and “radioactive contamination”.
Mandiant described Dragonbridge as a “pro-People’s Republic of China (PRC) network” but did not identify it in more detail. The Australian Strategic Policy Institute think-tank corroborated Mandiant’s report to the Financial Times.
The US and its allies in Europe and Asia are working to build supply chains that bypass China for critical minerals such as lithium, rare earths and cobalt, which are vital to renewable energy technology, electric vehicles and high-tech military equipment.
China dominates the processing of these minerals, which has raised concerns in the US as diplomatic and trade relations with Beijing have deteriorated in recent years.
Mandiant’s findings were corroborated by Albert Zhang, a cyber policy expert at think-tank the ASPI who has been following Dragonbridge since 2019. “This is the first time this persistent Chinese Communist party-backed network?.?.?.?has targeted a commercial entity for strategic purposes,” he wrote in a report published on Wednesday. Zhang said that the information operations were “one part of a broader co-ordinated effort to undermine democratic attempts to reduce dependence on Chinese rare earths exports”. Dragonbridge first came to Mandiant’s attention in 2019 with social media campaigns on Facebook, Twitter and YouTube opposing anti-government protests in Hong Kong. The group has since branched out into a range of areas including the Covid-19 pandemic and US politics. “Recently, we identified and investigated a subset of information operations activity we attribute to the Dragonbridge campaign across social media,” Mandiant said in a blog post.
The cyber security firm said it had also monitored campaigns against rare earths companies Appia Rare Earths & Uranium Corp and USA Rare Earth, and against US president Joe Biden’s Defense Production Act, a Korean war-era law under which Washington is aiming to increase domestic production of critical minerals.
Mandiant said the campaigns had used “inauthentic social media and forum accounts, including those posing as residents in Texas to feign concern over environmental and health issues surrounding the plant”.
One Facebook post, purporting to be from someone named Cox Teri but which Mandiant claimed was created by Dragonbridge, read: “My friends and I have been resisting the construction of a rare earth processing plant in Texas by Lynas. If nothing is done, Lynas’ waste discharge will directly or indirectly affect

Well spotted Croutom
and BCB great prescient post of Monday.................. copied below
"Bitcoin buyer very bullish on SML .....
its all about the assets here.....
I know you have an affinity with JP Hursty ..... same as Brendon Rogers....good guys....
2nd income stream coming........... @ SML....
load up now son ...good value......"

Cornish Lithium and Rodda’s to Evaluate a Geothermal Lithium and Heat Project at its Cornish Creamery

Cornish Lithium Ltd. (the “Company” or “Cornish Lithium”), the innovative mineral exploration and development company based in Cornwall, UK, is pleased to announce that it has entered into an exclusive agreement with Rodda’s, the iconic Cornish clotted cream producer, to work together to evaluate suitable sites on land owned by Rodda’s, where geothermal lithium production and geothermal heat could be investigated

Cornish Lithium will be responsible for designing and drilling a small research borehole (which will be of a similar scale to the research borehole that the Company is currently drilling near Twelveheads) as well as obtaining the required planning consents and permits. Once completed, Cornish Lithium will test the borehole to demonstrate the viability of a commercial scale geothermal lithium and heat project. It is envisaged that Rodda’s will be able to use the resulting renewable geothermal heat to potentially decarbonise production processes at its Scorrier based creamery, near Redruth.

Cornish Lithium and Rodda’s will shortly be commencing a programme of community engagement to share their plans with local residents and the wider community, listen to any concerns and respond to any questions, ahead of submitting the required planning applications for the research borehole to Cornwall Council. Further details of the proposed work programme for the project can be found in the project factsheet, which can be downloaded from our website at https://cornishlithium.com/projects/lithium-in-geothermal-waters/north-downs/

Jeremy Wrathall, Founder and CEO of Cornish Lithium, said:

“We are extremely excited to be working with such an iconic Cornish company and look forward to progressing the relationship between Cornish Lithium and Rodda’s. A successful geothermal lithium and heat project in Cornwall will demonstrate the potential for creating a truly sustainable source of lithium to support the UK’s growing battery industry whilst at the same time helping to decarbonise local businesses and provide them with a more sustainable future energy source. Partnering with a global brand, such as Rodda’s, positions Cornwall, once again, at the forefront of the UK’s green industrial revolution and will also help to secure skilled jobs for local people.”

Nicholas Rodda, Managing Director of Rodda’s, commented:

“As the UK moves towards a greener economy, there is an increasing need to explore alternative and more sustainable energy alternatives. We feel this exploration project could provide valuable information around using geothermal waters as a source of heat energy. Rodda’s utilises heat in its production processes, which is currently generated using natural gas. By creating a renewable geothermal heat source for Rodda’s, there is a significant opportunity to make our production processes even more environmentally friendly.”

Fira2011
How is it rampy? Straightforward paste of an article in the FT about Lithium processing.
CUSN has a very small shareholding in Cornish Lithium and will gain royalties from CL's production. The article is about a company that might take some of the potential production. Info only.

A start-up company seeking to build one of Europe’s first lithium refineries in England to supply electric vehicle battery makers has secured financial backing from the UK government. Livista Energy was among 21 projects that received nearly £45mn of support from the state-sponsored Advanced Propulsion Centre in its latest funding round.
The company’s co-founder Roland Getreide said the funding was a validation of its plan and would help the company select the site for its planned refinery.
“The electrification of the car fleet means a whole new supply chain and the UK government has chosen us [Livista] to explain the process and how to build a refinery here,” said Getreide, who expects to have completed the search for a site before the end of the year. “We have to make ourselves competitive.”
Lithium, which is extracted from brines in South America or from rocks in Australia, is one of the key materials needed to make the batteries that power electric vehicles.
However, there are at present no commercial refiners in Europe, making the region’s car and battery makers almost totally reliant on China for supply.
Analysts estimate that 90 per cent of the world’s battery-grade lithium is produced from refineries in China, which also process the vast majority of cobalt and nickel, other key battery materials.
Livista, which is backed by Getreide and other private investors and was established in 2020, wants to build a plant with an initial capacity of 30,000 tonnes a year, rising to 60,000 tonnes as demand for EVs increases.
That compares with the 50,000-tonnes-a-year plant Green Lithium, another start-up that has secured investment from commodity trader Trafigura, is planning to build in the UK.
Benchmark Mineral Intelligence, an industry consultant, forecasts 117,000 tonnes of lithium demand for batteries in Europe this year, rising to 250,000 tonnes in 2025 and 600,000 tonnes by 2030.
Livista recently appointed former TotalEnergies executive Jean-Marc Ichbia as its chief operating officer. Ichbia was the project director for Arctic LNG2, a $25bn liquefied natural gas project in the west of Siberia.
Getreide said Livista could build its refinery in Blythe, Northumberland, where Britishvolt, another start-up company, has started work on a £3.8bn battery “gigafactory” to supply the UK car industry.
“The UK government understands that it needs to help companies like Livista,” he said.
In a statement, Britishvolt said it was in discussions with a variety of companies regarding the potential to share the Blythe location. “Our supplier park will potentially bring new industry to the UK, including, but not limited to, refining of various battery ingredients and materials,” it said. In a recent report the Faraday Institution forecast demand for 10 gigafactories in the UK by 2040, producing 20 GWh per year of batteries.
“The combined electric vehicle automotive and battery ecosystem could be worth £22bn by 2030 and £27bn by 2040,” it said.".....

Trikidiki3

I think you have a Green(s) light.

https://www.hl.co.uk/shares/shares-search-results/e/e3-metals-corp-npv/company-information
and
https://e3lithium.ca/imperialagreement/

Here is the FT headline relating to just one company - and it is not even an oil company

"RWE warns UK tax on electricity generators would risk £15bn investment in renewables"