JaoCar, have to agree that enhancing what we already have would take our returns from excellent (197% IRR) to outstanding. Factor in the increase in metal prices & the anomalous "market gate discount" of 70% that was applied in order to get the 197% & we could see an IRR in excess of 300% on the WPT. This asset alone would represent multiples of our sp.
Just one reason to keep positive despite the current poor sp.
Surely any refining of the process to increase the bottom line in revenue is offset by the time taken to get there with huge cashburn and operating costs, salaries etc?
What we need are the numbers we've had no decent headline numbers since the 197%IRR figure, we need more, what our margins were and what they will be due to all the faffing around trying to maximise returns.
Nah, no chance of a U-turn David, but my paper losses are now pretty enormous, so the next few months is critical for me in terms of more things happening with the Company, and MA communicating in a way that will raise our value here, in no uncertain terms. I'm not getting that vibe yet, but I do feel that the last RNS was ok, albeit another carrot for us to munch on. Still no production, but pleasingly, the chance of expanding the copper output for a greater volume of production, which all adds up to more eventual revenue. Holding on, but MA needs to find a way to lift us out of the gloom, or the AGM won't be too agreeable for him.
I suppose I should read back over what I've missed over the last couple of days. Groan! Lol.
Hi matey. I've actually missed the last couple of days anyway, smartphone doesn't like liquid being poured on it, so had no access to the internet. Getting a new one for next week. In the library today, using the slow computers. I see the sp has taken a nosedive in my absence, but the markets are down across the board it seems. Still quite unhappy though, that this is now half the price that it was prior to approval, on the anticipation of approval, before our press debacle. Hard to fathom. All seems a bit shady to me.
Still, we are where we are. News of an acquisition shortly perhaps, to expand capacity for the copper output?
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