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Honestly, Getinthere "We just need to produce and sell enough to get to the point where we break even and subsequently to making a profit."
Really, thats such a unwise comment. unless you support it with a time period.
WRES have stated their production expectations for the 2021 full year of 880- 1000t of combined W and Sn Concentrate. That will be over egged of course, but in any event at that level it CANNOT make profit. EBITDA of $0.3m.
OPEX of $249/mtu on a product for which you receive $135/mtu
Nothing good
Tungsten crept up again today in China and tin is at $28,400 per ton.
We just need to produce and sell enough to get to the point where we break even and subsequently to making a profit.
The non invested derampers will say it won’t happen, the moaners will say it isn’t happening and it’s all the CEOs fault, and the investors who believe, that no one could have expected the extraordinary level of rainfall that has caused such serious problems at the mine, will continue to believe that WRES will succeed.
I wish all genuine investors a great day ;-)
All well and good having Tin, Tungsten, and Gold at record highs if you are mining it and selling it at a profit...which we ain't. So until we start producing to the levels that we have been constantly led to believe we will by Masterman the price remains largely irrelevant. Time to get your finger out Masterman...this is still a disaster area rather than a mining area. I'm sure we will come right...I hope we will all come right...but like most longstanding PI's I am very disappointed in the way this is being managed. No good having product in the ground is it? Cant sell it from there.
At the rate they are producing, that $2 should just about cover the cost of the tea and coffee.
If only we were doing 200mt a month.
We’re in the doldrums for next 6 months.
Also the demand for retooling is up by 60 % in Japan, as other economies re-emerge they will also re tool. So with replacement and change we should see an increased demand. Now that will have an effect on price as things go.
W Resources Tweet
Tin hits 5 year high and Tungsten 2 year high supported by tightening supply and healthy demand #tungsten #wres http://metalbulletin.com/Article/398498…
GIT, Tin demand will be going through the roof , with the electrification of the World economy. ATB
Let’s hope that we can produce enough and sell it at a high enough price to firstly get to break even and then on to profitability ;-)
Rumours of WRES’s demise are greatly exaggerated !