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Target has always been 2,700 tpa.
RNS 28 Nov 2019
"This sets the Company on-track towards achieving its target 2 million tonnes per annum run-of-mine, to produce 2,700 tonnes of WO3 concentrate."
Fairly sure the production target for t2 is 2400 tonnes per annum
Regarding the tungsten/tin ratio issue, let's assume the best case scenario in that we will produce 2,700 tonnes of tungsten concentrate per year and the amount of tin concentrate is 25% of that, so 675 tonnes.
The total output required of 3,375 tonnes is effectively constrained by the electrostatic seperator which has a capacity 0.5 tonnes per hour. To produce the combined concentrates of 280 tonnes per month would require it to be operating for 140 hours per week for a 4 week month.
That's 23 hours per day, 6 days a week. A tough target, but doable.
It might be that they will need to purchase another CoronaStat seperator from OreKinetics http://www.orekinetics.com.au/coronastat/
They'll have to do so anyway for the next phase T3.5.
This may be one of the bottlenecks that's been referred to.
If it is, it's a nice problem to have.
I doubt that these are "on the shelf" and is maybe the "one month issue" that was referred to in the Vx podcast.
At current commodity prices, the generated revenue from both income streams rises to $58m at full production and produces $31m of ebitda.
Michael Masterman, Chairman of W Resources, commented: "We are pleased to have produced nearly 30 tonnes of tungsten and tin concentrate (combined) and sold and banked proceeds from our first tungsten shipment from the new concentrator plant. Highlights include reaching target product specifications early in ramp-up and a higher proportion (28%) of tin in the product mix relative to the 10% in the August 2017 Final Investment Decision ("FID") report. Mining and grade control is broadly in line with 2017 FID with higher tin grades currently driving higher than expected tin production."
Note this part of the above: "Mining and grade control is broadly in line with 2017 FID with higher tin grades currently driving higher than expected tin production." - Sounds like there are no issues with the Tungsten grades and they are bound to fluctuate a little as we ramp up to full capacity, it's a new plant after-all.
Tungder, most of us have a brain, with no need for spidey senses.
Hows almonty working out for the great Tadger of Wall street
Don't mind Tungder, he's just a bitter investor who keeps losing money on poor investment decisions like Wolf and Orm.
A quick look back at his posting history will show that
1. He doesn't believe that there is any such thing as a tungsten concentrator.
2. The La Parrilla mine will never go into production.
3. Doesn't understand that the relatively low grade ore feedstock can be upgraded in the flow process into higher grade pre-concentrate feed.
4. thinks that MM has already made his money by selling La Parrilla to Wres in the first place, despite him having bought £2.5m in shares since.
The recovery rates and projected revenues would have been known to BlackRock when they gave WRES an extra $5m less than a month ago. MM looked very relaxed and confident in his interview last week. At his stage of the game, investors should take heart from that.
Having said that, I would like some clarity on the tungsten/tin grade/ratio issue.
Whichever way that goes, we've still got a very profitable operation.
Especially with the rapidly increasing tin price.
by almost $1,000 per tonne since the start of the year. Could it hit $22k a tonne this year? That's roughly the 5 year high.