This is what they want to compete against us with. 2024...

This is what they want to compete against us with.
2024 Preliminary Economic Assessment

In 2024, Cornish Metals announced the results of the PEA for the South Crofty Tin Project.

• The PEA validates South Crofty's economic viability, producing a base case after-tax Net Present Value of US$201 million and Internal Rate of Return of 29.8%, and confirms the Project's potential to be a low-cost and long-life tin mining operation with a current 14-year mine life.
• South Crofty is expected to produce a clean, high-grade tin concentrate and to be an important tin producer in Europe, supplying into the growing demand for this critical metal that is essential for the energy transition.
• Key PointsUS$201 million After-tax NPV8% and 29.8% IRR at a base case tin price of US$31,000 /tonneCapital payback period of 3 years after-tax 49,310 tonnes of tin metal in concentrate produced over a 14-year LOM
• Average annual tin production of 4,700 tonnes in years 2 through 6 Average LOM processed tin head grade of 1.83%, upgraded from the average mined grade of 0.94% through use of X-RayTransmission ore sorting and Dynamic Dense Media Separation.
• Pre-production capital of US$177 million
• LOM average all-in sustaining cost of US$13,700 /tonneTotal after-tax cash flow generation of US$626 million from start of production, peaking at US$82 million in the second year of production
• Potential to directly employ up to 320 people with permanent high-skilled and well-paid jobs and create up to 1,000 indirect jobs
• Growth opportunities from additional in-mine and near-mine exploration with the potential to extend the mine life and increase production

Good thing our grade is a good 25% better. However, they are dropping their long-term bond yields through the floor in an effort to get the UK up and working again.
We'll see whether all their cant like - 'Lovely Jovley'* makes a difference.

All IMVHO.

* from talking heads like Jamie Oliver and Gordon Ramsey.