Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I was reading only yesterday that in addition to WLFE and the ORM situation, that two other prospective tungsten miners have failed to get to the point of production within the last 5 years, due to the drop (now recovered) in the price of APT coupled with being unable to borrow sufficient funds.
We have the funds and we are producing, we just need the ramp up to be successful and MM has told us he expects 80% of our production rate to be achieved quickly, and at 80% we will be profitable and the SP will reflect that mate.
We just have to be patient.
GIT,hope so,am sitting at a big loss like many but am patient /holding for those results imho
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The fact is, that any mining company, that is producing at a rate whereby the costs of production, and of meeting their debt, are exceeded by the income they are receiving from sales will see an SP that is somewhere between 6 -8 multiples of the earnings, the failures of other companies has led to investors being very wary of all start ups, so, until we prove to the market that our production and therefore profits are high enough we will continue to sit in the doldrums, but, once we prove that our SP will multiply.
GIT,hope your right ,seems to be stuck at this level atm ,no real intrest
Realtime
I agree it’s been a very long time to wait, I’ve been here since 2012 !
Your average must be just over 0.53p, a level which will be easily surpassed, providing we hit the predicted levels of production and provided that APT stays at the current level or better still increases.
Every long term holder is likely to be sitting on a substantial paper loss at the moment, but, once this starts to move, and it will, once production levels are reached, no one will be able to buy the amount of shares that the long term holders here own at anywhere near the prices we have invested at.
Good luck to you and good luck to all of us king term holders.
GETINTERE : I sold some in frustration, but after a couple or so looked into the fundamentals and upped my holding to 26 mill. Some of us are getting old I'm a 46 er and want to see a decent return whilst I'm still young enough to enjoy.
IT HAS BEEN A BLOODY LONG WAIT!!!!