RE: freedom4all16 Sep 2021 11:41
Freedom
WRES are targeting full production early next year, if they achieve that then we will be able to refinance the debt and the company will (presuming of course that the metal prices remain at or above forecast) have revenue that is well above expenditure.
The above does not take into account Regua, and, IF, we were to get Regua up and running this year, (given that the amount of tungsten per ton is 3 times higher) we may we’ll be able to refinance earlier and therefore be profitable earlier, but, it is best in my view to presume that we will not have income from Regua until Q1 2022.
Time will tell mate.