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Cornish Metals ( (TSE:CUSN) ) has issued an announcement.
Cornish Metals has completed an updated Preliminary Economic Assessment for its South Crofty project, revealing a Net Present Value of £180 million and an Internal Rate of Return of 20%. The project is supported by robust economics with a low-cost operating profile, positioning it in the lowest quartile of the industry cost curve. With construction already underway, the project is expected to begin tin production by mid-2028, offering significant upside potential through further resource expansion. The company plans to continue its historical trend of resource replacement and aims for a multigenerational asset, contributing to the green economy.
Spark’s Take on TSE:CUSN Stock
According to Spark, TipRanks’ AI Analyst, TSE:CUSN is a Neutral.
Cornish Metals faces significant financial challenges typical for early-stage mining companies, including operational losses and high cash burn. However, recent successful fundraising and strategic land acquisition are positive steps towards project development. Technical indicators show mixed signals, with the stock trading below key moving averages but showing potential for momentum improvement.
To see Spark’s full report on TSE:CUSN stock, click here.
More about Cornish Metals
Cornish Metals Inc. operates in the mining industry, focusing on the extraction and production of critical minerals, particularly tin. The company is working on the South Crofty project in Cornwall, UK, which is known for having the highest grade tin resource not currently in production and aims to be the first primary tin producer in Europe or North America.
Average Trading Volume: 53,095
Technical Sentiment Signal: Sell
Current Market Cap: C$175.5M
See more insights into CUSN stock on TipRanks’ Stock Analysis page.