Member Info for BigEvi

RNS- Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:

“These are strong drilling results which confirm the presence of significant VHMS mineralisation and strong grades across the Perrinvale Project. I look forward to the results and analysis of further EM studies which will help guide the next phase of exploration drilling.”

Last 2 placing to local Spanish investors are way underwater - I think MM will be keen to rectify this position ASAP
Sept 19 - €1m placement to Spanish Investors at 0.5p
March 20- £756,000 Placing to Spanish Investors at 0.36p

Let’s hope for some good news soon and hopefully mention of our gold asset with POG shooting up

Tin prices continue to recover up 3.8% at the mo

Good time to be wireline logging and hopefully flow testing a new discovery :)

UT of 100 shares yesterday gave us a closing price of 4.8 instead of 4.4 . Market opens at 4.4 showing a drop of around 8% . Very clever these MM trying to panic the unwary into selling as they think the price is dropping - beware

NC are already there - all set up and isolated
To start a new drilling campaign would mean bringing in a new crew to an area that might risk native aboriginal infection - that’s a strict no no

Devil read the RNS - Rate is 5% not exorbitant in this market

“W has secured a £4.0m convertible bond facility from Atlas Capital Markets ("Atlas") comprising a convertible bond with a coupon of 5% and a term of 3 years”

Bit of a different feeling compared to when Newmont walked away

Market Release
1 April 2020
Newcrest earns 40% interest in Havieron
Newcrest confirms that it has now reached its Stage 2 farm-in milestone at the Havieron Project. In accordance with the terms of the farm-in agreement, Newcrest has earned a 40% interest in the project and has provided notice to Greatland Gold Plc that Newcrest is proceeding to Stage 3.
The Havieron Project is operated by Newcrest under a farm-in agreement with Greatland Gold Plc. It is centred on a deep magnetic anomaly located 45km east of Telfer in the Paterson Province, Western Australia. The target is overlain by more than 420m of post-mineral cover. Newcrest commenced drilling during the June 2019 quarter and has increased drilling activity such that eight drill rigs are now operational.
Drilling at the Havieron Project continues to expand and demonstrate the continuity of high-grade mineralisation which extends over 450m, to vertical depths of 600m and remains open at depth to the northwest. Drilling has also identified mineralised breccias proximal to high grade mineralisation. A further 20,000m are planned to be drilled to support the objective of delivering a maiden resource estimate in the second half of calendar year 2020 Studies are also underway to investigate the potential for the following:
? starting an exploration decline by the end of calendar year 2020 or early 2021;
? stoping and bulk underground mining options; and
? achieving commercial production within two to three years from the commencement of the decline.
Newcrest has implemented measures to reduce and mitigate the risks of the COVID-19 pandemic to its project workforce and key stakeholders such as the Martu people, on whose land the Havieron Project and the Telfer operation exists. Potential impacts of the COVID-19 pandemic on the drilling activity at the Havieron Project are being actively managed and considered as part of the studies underway.
Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas said: “We are excited to achieve this milestone at Havieron. Today’s announcement highlights the significant investment we are making into this project. The results to date have been very positive and I believe that Havieron provides a great opportunity to improve the economics and extend the operating life of Telfer”.
Newcrest will provide updated drilling results in its Quarterly Exploration Report, to be released on 30 April 2020.

The key thing and the only thing that matters is that we have sufficient finance available to trade through this Coronavirus shut down.
The Tungsten and Tin are still there and we can tune the plant to optimum level and get production up.
Yes we are all disappointed that we are not at full production but that will come.
MM needs to explain in the next RNS exactly what has gone wrong and where we were heading before shutdown.
We will get there so keep the faith which is a bit thin at the moment:)

"In these unprecedented and volatile times it is important to have in place a strong buffer of additional financial resources,” said W Resources chairman Michael Masterman.

It’s a facility - it doesn’t mean it’s going to be drawn down - very prudent to put in place pending:-

“In parallel, the Spanish government, as part of its State of Emergency, has announced it is set to provide guarantees of up to 90% of funds to back companies affected by the pandemic. W Resources has started the process in order to enable it to access grants and government guarantees for additional low-cost Spanish bank funding to further strengthen its financial position.“

£4m Facility in place - in case of need - very wise in these circumstances

RNS -
Michael Masterman, Chairman of W Resources, commented: "In these unprecedented and volatile times it is important to have in place a strong buffer of additional financial resources. The Atlas £4.0m convertible bond facility achieves this outcome and complements the recent equity placement at 0.36p. We are moving to access the Spanish government supported bank financing facilities and other grants which will further strengthen our financial position in these challenging times.

"La Parrilla's production has improved significantly quarter-on-quarter and we intend to make a further substantial step change and increase in production once La Parrilla reopens. We will provide guidance as part of the quarterly report.

"The safety and wellbeing of the W team remains our number one priority. To date, no W Resources personnel have been infected by the Coronavirus, we remain vigilant and the number of people affected by COVID-19 in Extremadura where we operate remains small. We express our deepest sympathies for all those who have lost loved ones in Europe and around the world."

Spain toughened its nationwide lockdown on Saturday, halting all non-essential activities as it stepped up its fight against the coronavirus, in response to the death toll surging to 5,690 after a record 832 people died in 24 hours.

Some comforting words from the CRU :)

There is better news from the CRU Australia team. We understand that top level discussions have already taken place between government and mining companies to protect the commodity export dollars. Miners have been asked what they need to “ensure mines continue to operate under all scenarios”. The remote location of Australian mining and ongoing increases in automation should help in this regard.

Problem with leaving GGP to continue to explore is that if they find another BIG one then Rio etc will be interested and a bidding war will break out.
Why not just secure their golden nugget and make us an offer we can’t refuse

Once this is over governments will be going ahead with massive infrastructure projects to create jobs etc - they will need tools, machinery etc
Tungsten will be needed big style :)

Newcrest are world leaders in block cave mining ( have a look on their website) and this technique will be ideal for Havieron and will cut costs as well

Newcrest are included in Credit Suisse’s ‘safe-haven’ stock picks to protect against further coronavirus downside