Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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GUG. I take you mean me. Not the only one though. I can remember there were sometimes children that kept calling names and involving themselves in discussions and getting quite obsessive in their behaviour for no reason that made sense. Lol. Children, what are they like?
Many thanks, I recall their last prediction, let’s see if they can deliver on a surprise free quarter, albeit with lower ore concentrate.
You are like a child in a primary school.
On your other point GUG. I have gaps in my knowledge on some things, but I have a fair idea on some things e.g. what P stands for in ‘PE’ and that something that is in Extremadura cannot be in Castille and Leon.
Mind you I have no idea what others have done with their holdings, and on that matter I would defer to your knowledge of when they sell and buy and for what quantities in respect of holding.
Remember they were paid for writing it and its a "Marketing" document. Its made to look as good as it can for a polished tard.
Fair does there GUG. I didn’t know we had that report. Looks good to me though.
I liked this bit: Discussion. We see fair value at 23p/sh based on a blend of NAV and forward EBITDA, indicating
that WRES is trading at 0.48x to our risked NAV. This reflects our cautious view of ramp up as W Resources still has a challenging year ahead to bed down the newly optimised La Parrilla ..WRES aims to
take the project to full T2 production. We model a conservative flat forward tungsten price of $260/mtu. Note that a mere 10% increase in our price assumption would increase our target price to 35p/sh, details in the note. Whilst WRES has had a very challenging time since project start up, it finally looks as though all the cogs are falling into place. The major recovery issues with the plant appear to be rectified and once the water issue is resolved the higher-grade ore should be accessible. All that remains then is to ramp up ROM throughput and maintain stable operations at a high plant ...,.
Dreamy
Take a read I just posted the link mate.
https://wresources.com/wp-content/uploads/202104-Shard-Capital-WRES-Research-Note.pdf
Actually, its now on the WRES website
https://wresources.com/investors/research/
Just drop an email to Investor relations Dreamingof
May I ask where you got the report from, troajan and GIT, have you seen it yet?
Safetyman
2 points.
1. I am referring to the new Shard report from 16th April 2021. Don't you have it yet ? You should get it, its pretty awful reading
2. I agree with that explanation you have just provided, those cost s are variable OPEX, there are other costs that are not, they are fixed. Things such as Salaries. Rental payments, Interest, Capital repayments etc.
You really need to think about the basis that you invest if you don't understand such things.
GUG, so you are saying that if we run machinery for less time, use less fuel, less man hours etc the total open remains the same?
Anyway, you go round and up your circles if you like.
Did you refer to finding the shard report today. It’s been on the website for a few years.
Funny old world.
Rubbish Safetyman. Your argument makes no sense and is not true
Figure 5 Page 6
Financials (US$m) 2021 2022
Total Revenue (US$m) 11.5 34.3
EBITDA (US$m) 0.3 15.1
Total opex (US$m) -11.2 -19.2
Opex ($/mtu) 248 131
Opex inc by-products ($/mtu) 199 103
For the critical issue of metallurgical recoveries, we assume a gradual improvement in both tungsten and tin recoveries over the remainder of 2021. For tungsten we assume, 40%, 50%, 65% for Q2, Q3, Q4 and then reaching target 72% by 2023. We believe this is reasonable given that the plant has already proven that it can run at 60% recovery (in February) but only time will tell whether this is too aggressive. For tin recovery we take a similar approach, assuming 50%, 55%, 60% for Q2, Q3 and Q4. Opex remains difficult to peg given the stop/start operation of the plant and lack of published guidance. However, we assume high costs currently, and an average of $172/mtu inc tin credits for 2021, slowly descending to $102/mtu long-term ($130/mtu before credits). This is purely an assumption, and we may have to revise this when WRES starts providing operating cost details. On the corporate side, our model assumes Blackrock interest is paid as PIK for 2021, and then cash interest thereafter (roughly €6m p.a). We assume the €5.3m Extremadura grant is paid in H1-2021 as per the 15/1/2021 RNS.
Opex in shard report is for full working and 2000 tons. Less processed and less available plant time and less man hours is less opex.
Grant to be paid H2 this year , it’s look uperble.
1000t
or just over $20 mill per year
so this year,we should start re paying debt.