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Share Name Share Symbol Market Type Share ISIN Share Description
Cornish Metals Inc. LSE:CUSN London Ordinary Share CA21948L1040 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.55 -2.68% 20.00 1,423,430 16:35:15
Bid Price Offer Price High Price Low Price Open Price
20.50 21.00 21.25 19.75 21.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.70 -0.58 102
Last Trade Time Trade Type Trade Size Trade Price Currency
17:09:11 O 200,000 20.25 GBX

Cornish Metals (CUSN) Latest News

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Cornish Metals (CUSN) Discussions and Chat

Cornish Metals Forums and Chat

Date Time Title Posts
25/6/202211:02Cornish Metals - Copper/Tin exploration in Cornwall674
28/7/202111:31MILLSTONE INVESTOR4

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Cornish Metals (CUSN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-24 16:35:5120.25200,00040,500.00O
2022-06-24 16:09:1120.0011,0002,200.00O
2022-06-24 15:35:1520.00350,00070,000.00UT
2022-06-24 15:21:1320.901,500313.50O
2022-06-24 15:13:2221.00204.20O
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Cornish Metals (CUSN) Top Chat Posts

DateSubject
25/6/2022
09:20
Cornish Metals Daily Update: Cornish Metals Inc. is listed in the Mining sector of the London Stock Exchange with ticker CUSN. The last closing price for Cornish Metals was 20.55p.
Cornish Metals Inc. has a 4 week average price of 19.75p and a 12 week average price of 16.75p.
The 1 year high share price is 30.50p while the 1 year low share price is currently 10.25p.
There are currently 510,950,157 shares in issue and the average daily traded volume is 347,326 shares. The market capitalisation of Cornish Metals Inc. is £102,190,031.40.
24/6/2022
18:31
hazl: We are so diverse. Thanks to holders on LSE for the reminder that we have a stake in Cornish Lithium! We have all bases covered! 'In January 2017, Cornish Metals entered into an Exploration and Option Deed (the “Deed”) with Cornish Lithium Limited ("CLL"), a privately funded UK-based company, whereby CLL has the right to explore for and potentially develop lithium in hot spring brines and associated geothermal energy on all Mineral Rights held by Cornish Metals through its subsidiary, Cornish Minerals Limited (Bermuda), in Cornwall, UK. In return, Cornish Metals will have a 25% free carried interest in the first project to have a Bankable Feasibility Study completed on it, after which Cornish Metals will be required to contribute its share of development costs or its interest will be diluted. Cornish Metals will have a 10% free carried interest in each subsequent project that has a Bankable Feasibility Study completed on it, after which Cornish Metals will be required to contribute its share of development costs or its interest will be diluted. In addition, Cornish Metals will have a 2% Gross Revenue Royalty payable from any production of metals from brines and a 2% Gross Revenue Royalty payable from any geothermal energy produced. On each anniversary of the date of the Deed for the initial five year period, CLL had the option to extend the Deed for a further 12-month period in consideration of the issuance of US$50,000 in shares in the capital of CLL to the Company. Commencing January 2022 up to and including January 2026, in the event CLL elects to extend the Deed for a subsequent 12-month period, the annual payments to the Company will be US$100,000 in shares in the capital of CLL. CLL can continue to renew the Deed after January 2026 but with a rising option fee. In January 2022, Cornish Metals received notice from CLL whereby CLL has elected to extend its option to explore the Company’s mineral rights in Cornwall, UK, for minerals-in-brine for a further 12 months in consideration for the issuance to the Company of shares in the capital of CLL equal to US$100,000 based on CLL’s last share issue price. Upon receipt of the shares, the Cornish Metals owns a total of 6,713,940 shares of CLL.' I do like this company!
24/6/2022
07:09
hazl: VANCOUVER, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (TSX-V/AIM: CUSN) (“Cornish Metals” or the “Company”;), a mineral exploration and development company focused on its projects in Cornwall, United Kingdom, is pleased to announce that it has released its unaudited financial statements and management, discussion and analysis (“MD&AR21;) for the three months ended April 30, 2022. The reports are available under the Company’s profile on SEDAR (www.sedar.com) and on the Company’s website (www.cornishmetals.com).
23/6/2022
12:48
hazl: "By the time we get into early-stage production, which is the time I would like to exit and hand over to the major mining companies, I consider maybe 0.8x to 1.0x NPV and therefore make my 3x to 4x without having to make an assumption about what commodity prices are going to be." So he is looking to make 3-4 times on his investment in CUSN over the next 4 years.' Thanks to valuationitis on L S E and CK for the link. Interesting from Vision Blue. https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/mick-davis-wants-to-feed-ducks-that-are-quacking-for-energy-transition-metals-69600412
22/6/2022
18:29
hazl: Just for you..... 'Moving on to 2024, Wallet Investor predicts the price to rise to around $5,907-$5,944 by the middle of the year and $6,144-$6,242 by the end of the year. Gov Capital expects copper to break above $10,000 in April 2024 and close the year with an average price of $10,442.27 Apr 2022' Copper Price Forecast for 2022 and 2025-2030 | Libertex.com https://libertex.com/blog/copper-price-forecast Shares are always about the future. What's nice is that we already have a batch of funding....so that's out of the way and some good supporters including Canada. IMO
22/6/2022
11:01
hazl: Well done CUSN bresk the mould in the general markets!
20/6/2022
19:42
hazl: We are getting mixed messages at the moment . We know metals and minerals are going to be hugely sought after, if green continues a pace. In contrast to that.... inflation,war, the pandemic set backs for economic growth, alongside supply chain problems, have left us with a minefield of decision making with the fear setting a swathe of dire drops in the indices. Well some say leave well alone ...stocks can always go lower....and I think that's good advice. However one or two that I have liked...that got away earlier.... I see no point ,for me anyway, in not picking up a few when I feel there's a good case. CUSN has it's advantages...the jurusdictions,for example, and if I am too early then what matter as long as it comes good eventually? Though no guarantees of course. Please do your own research,though, people have different responses to drops and I am certainly only buying the odd share and am mostly staying out of the market until things become clearer.
16/6/2022
15:23
hazl: Well done CUSN for being one of the few risers!
17/5/2022
19:23
punterman: Since the announcement of raising 41m pounds the share price has come off 37pc. Anyone temped at this level? I'm surprised they have slid yet further below the 20p support level. Not sure what next support level is... 14p? AGM on Thursday after closing time. Something needed to reboot confidence here..
24/4/2022
20:44
sev22: There's a mining flash research note released on the 20th April 2022 from share price Angel (free access at spangel.co.uk) Summary and Conclusion: The announcement of a £40.5m funding and the involvement of a major backer in Vision Blue Resources, positions Cornish Metals to complete a feasibility study into the reopening of one of Cornwall’s historic tin mines at South Crofty. The 30-month long study, which will include de-watering the old mine workings as well as additional drilling to firm up resources and develop reserve estimates, is expected to lead to a decision on whether to proceed with development of a resource providing an undersupplied metal considered essential to the accelerating ‘green’ technologies. Pending the new feasibility study, our assessment is based on an assumed mining rate of 400,000tpa over a 15 year mine life, with upgrading of ore feed using ore-sorting to treat 240,000tpa of ore treated to produce around,4,000 tpa of tin in concentrate which represents around 2% of the global tin supply reported by the USGS in its provisional estimate of 2020 mine supply. At a long-term tin price of US$30,000/t, we estimate that South Crofty generates an NPV5% of US$404m and IRR of 35.1%. Our sensitivity analysis indicates that a 10% variation in the assumed commodity price equates with a 20% change in estimated after-tax NPV. Adding US$79m of cash injection arising from the exercise of ’in-the-money’ warrants and options to our estimated NPV implies a value of 48p/share on the diluted 766m shares in issue. Pending confirmation of a mineral resource at United Downs, we are not including value for the project at this stage.
10/1/2022
07:23
tomboyb: Morning - RNS - Cornish Metals Inc. Cornish Lithium Extends Exploration Option 10/01/2022 7:00am UK Regulatory (RNS & others) Cornish Metals (LSE:CUSN) Intraday Stock Chart Monday 10 January 2022 Click Here for more Cornish Metals Charts. TIDMCUSN RNS Number : 8459X Cornish Metals Inc. 10 January 2022 CORNISH LITHIUM EXTENDS EXPLORATION OPTION FOR A FURTHER 12 MONTHS Vancouver, January 10, 2022 Cornish Metals Inc. (TSX-V / AIM: CUSN) ("Cornish Metals" or the "Company") is pleased to report that it has received notice from Cornish Lithium Ltd ("CLL") whereby CLL has elected to extend its option to explore the Company's mineral rights in Cornwall, UK, for minerals-in-brine for a further 12 months. Under the Exploration and Option Deed (the "Deed") entered into by the Company and CLL in January 2017, CLL has chosen to extend the Deed for an additional 12-month period in consideration for the issuance to the Company of shares in the capital of CLL equal to US$100,000 based on CLL's last share issue price. Upon receipt of the shares, the Company will own 6,713,940 shares of CL. Background -- Cornish Metals granted CLL an option to explore for minerals in brine and geothermal waters on Cornish Metals' mineral rights in Cornwall, UK, in January 2017 (see news release here ). -- The Company will have a 25% free carried interest in CLL's first project on the Company's mineral rights which has a Bankable Feasibility Study completed on it. Following the Bankable Feasibility Study, the Company will be required to contribute its share of development costs or its interest will be diluted. -- The Company will have a 10% free carried interest in each subsequent project developed by CLL on the Company's mineral rights which has a Bankable Feasibility Study completed on it. Following the Bankable Feasibility Study, the Company will be required to contribute its share of development costs or its interest will be diluted. -- The Company will have a 2% Gross Revenue Royalty payable from any production by CLL of minerals from brines from the Company's mineral rights and a 2% Gross Revenue Royalty payable from any geothermal energy produced by CLL and sold to the National Grid or other system from its mineral rights. -- On each anniversary of the date of the Deed for the initial five year period, CLL had the option to extend the Deed for a further 12-month period in consideration of the issuance of US$50,000 in shares in the capital of CLL to the Company. -- Commencing January 2022 up to and including January 2026, in the event CLL elects to extend the Deed for a subsequent 12-month period, the annual payments to the Company will be US$100,000 in shares in the capital of CLL. -- CLL can continue to renew the Deed after January 2026 but with a rising option fee. Richard Williams, CEO, stated "We welcome Cornish Lithium's decision to continue to explore our Mineral Rights for lithium in brine, a decision that reaffirms the exploration potential for lithium in a variety of geological environments in Cornwall. We look forward to working with CLL over the coming years to progress the development of the UK's first lithium in brine project.
Cornish Metals share price data is direct from the London Stock Exchange
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