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The RNS said this quarter should produce more than any previous quarter. So that is greater than 135 tons (yes some of that will be tin). If we produce more then that’s a good thing. Increasing prices is a good thing too. Mind you tin has been up and down this week, up a lot today, but was more down yesterday.
So with 80 tons in the bag, March must produce 55tons minimum. If we allow for 4 weeks of shut down up until now we must have produced 80 tons in January. If we are able to bang out 80 tons a month, that’s OK and with production moving from 5 to 7 days that should improve output by multiplying by 7 and dividing by 5. If we say 135 tons ( indicated minimum)was produced in two months work. Then for one month it’s 67.5 tons X 7 divide by 5= 95.5 tons a month. Personally in this world of rising prices I think that would be quite good and considerably better. If we then say higher grade ore from benching at la Parilla and then Regua, that’s more on top of that.
All fag packet tough calculation, but not beyond that which is achievable and may actually prove to be conservative.
However, we need to see numbers from results to really see where we are.
And oh.... did I mention the gold,
Dreamy. I accept that. Masterman indicated that there might be maybe 100t of W that may come out this Quarter. Lets be extreme and say 120t W, That is over a quarter, not a month.
Yet here we have people taking about 120t W a month. a 4 fold increase over the current 5 day working run rate. Even that would not be sufficient. FID based on 225t W a month.
It's unrealistic. Posters are setting expectations that will not be met, only to then be disappointed again.
I know you are heavy in this Dreamingof but it is what it is. The production may be increasing but not nearly close to enough.
GuG, think their point is 100T or 160T is showing we are heading in the right direction...albeit years too late.
Lol, a break down more like. I don’t think we’re going to see any break out!
This to me looks doomed. Iv lost a tonne of money to this now, wish I’d bailed ages ago, it’s no even worth me doing that now. Just got to sit and hope the management can do something to save this sinking ship. I feel we’ve passed that point where this is possible now though.
To much dept and not enough production
Toungestan. What on earth leads you to believe I work in health and safety? I have previously been a cleaner ( many feel I still should be, mind you most enjoyable work), electrician, electrical engineer, industrial engineer, account and customer services manager, project manager etc.
In all those things I have had many laughs, met many people, some of whom became friends. Some died along the way, however, I am still here and have eyes to see and enjoy many things.
I look forward to seeing some of my friends who I have met on the Wres journey and perhaps take a trip with them to a successful la Parilla. Very enjoyable company in my opinion. What larks we shall have ( sic Dickens).
That’s my view of things with regard to this, otherwise I would not stay invested. I could, of course, be wrong and should cash up and do something else. But the futures not really mine to see ke sera sera.
In excess of 150 tons with four weeks down ain’t too shabby, if that happens.
What is the fascination with 100t or 120t a month. The FID requirement was 225t + Tin per month and with half the debt they currently have.
You are all missing the point. 100t a month does not keep the fire burning and Its already 3 years late.
Safety, One other thing - still not running 24x7 which would get us to well over 100 tons / month.
If you build it they will come, only a matter of time. Start of the breakout is now only a close above 0.107 have added more today as this will easily multibag from here in my view and that darn GAP at 0.24 is still there just begging to be filled:-
https://invst.ly/u1s-j
I accept that until figures are in, no one knows what will happen.
The RNS said; · ‘Despite unprecedented rainfall which has slowed Q1 progress, tungsten and tin concentrate production in Q1 and Q2 2021 is expected to be ahead of any previously reported quarter’
Given last quarter was 135 tons then I would say expectation would reasonably be 150 tons ( or perhaps more)
if at the end of Feb we had produced 80 tons that means we must through March produce more than 55 tons and perhaps if we go to 150 tons for the quarter we would need a production of 70 tons.
In either case this indicates increased production rates. For me production above 50 tons per month can get us to break even( but then again we would need financial reports to know for sure).
I feel 70 tons per month and increasing to be a good thing indeed.
The other point is that if we had a 4 week delay that means we produced 80 tons on one month, which if the case is also a good thing. For me it’s more positive than previously.
We shall see.