RE: JAF/gug/imni/MIB/ii/l2009 Feb 2022 14:10
I thought I'd go back to the start where hopefully wres is back at now and ready to go after sorting out their production issues NOT my words but ICD's Steve Conlin's in 6/1/22 rns
" As a distributor we understand the time it takes to bring a mine into full production and after a number of issues with both plant and access to ore we believe the Company is now at a stage to step up its production".
Now originally the NPV for just Parilla was $124,000,000 this is an actual recognised equation based on time capital cashflow etc.. please see link
https://www.proactiveinvestors.com.au/companies/news/108056/update-w-resources-boosted-by-punchy-study-for-la-parrilla-108056.html
Now if ICD are correct about Parrrilla then based on Rambler (rmm a producer who have had loads of placings, huge borrowing and delays over the last 24 months so similar to wres ) NPV released today £267,120,000 against wres £90,000,000 we should have a mcap of at least 15 mill so i'll be off at 15p
GLA actually invested that still like to use historical factual info to look forward