Member Info for GETINTHERE

Sloppy It would be nice to see a resurgence in the price of tungsten given that for every $1 increase we will get an extra $20,000 each month when we are producing at 200 tons a month $10 increase = an extra $200,000

Not at 07.00 it seems

50/50

Kev Sorry but I can’t make the lunch after the AGM as I have to get back for a retirement do for someone I’ve known for over 30 years.

Mogwhy Enthralling that video absolutely enthralling.

Kev To be fair to oldie I have to hold my hands up and say that I was posting that I expected good news before the AGM, I was based upon what we were told by MM, expecting gold news (now delayed till July) and confirmation that the concentrator was fully built and that commissioning was commencing at the start of July, (now delayed slightly) My view was that these two pieces of expected news would at least push the SP up to the 0.60 plus range, I still think it will do this but not until we actually get the news !

I am away for a couple of days so have only just seen the proactive interview and read through the presentation. My take on it all is:- Firstly he was asked some important questions and gave clear answers, at least where he could. Secondly the presentation should have been properly proof read before being published as it looks amateurish to publish something with several clear mistakes in it. But, finally, overall, despite the delays, despite the detractors, despite the moaners and the groaners, and despite the trolls; we are without any doubt moving forward and will be a large scale producer by the end of the year, so the future is bright.

Kev, safety, troajan, If jaf is claiming that he didn’t say he sold out at 0.28 he is without doubt being disingenuous/ he did. Now you know why I have him filtered ! Integrity?

JTS Like you a few years ago I was expecting a much higher SP both by now and in 2 years time, however we are where we are, and where we are is still in a good place behind schedule but still in a very good place with very good short, medium, and long term prospects.

JTS The 4.4 PE was what stockopaedia quoted as this years PE. All of the others were simply me using their profit figures and applying various PE ratios to determine possible SP

Kev I am certainly happy with my investment, building a mid tier mining company is not a quick or any easy task, but slowly and surely we are getting there.

Wasp The 6.2 million for 2019 and the 16.8 million for 2020 along with the 2019 PE of 4.4 were from stockopaedia as posted by Mickb. I then worked out what the SP would be at various PE ratios for both years based upon the two profit figures mate. I would point out however that when a mine, let alone two mines, comes online, that it is usual to see an increase in the SP above the current years expected profit level as people will calculate forward looking PE ratios based upon 6 months of the current year and 6 months of the coming year, so in my honest opinion once we have confirmation of hitting our output targets investors will push the 2019 SP up beyond the figures I have extrapolated, because it will then be obvious that the forecast for 2020 is definitely achievable. Given the above depending on:- The actual PE Ratio The actual price of tungsten The actual output from la Parilla The actual output from Régua The SP this year could and most likely will be a lot higher than the figures I posted, but, I wanted to show a poor scenario in order to show that even in those circumstances we still have a very good investment. Hope this helps

So based on the Stockopedia forecast a P/E ratio of 4.4 in 2019 gives a SP pretty much exactly where we are now so I think they have just used the current figures. If we use their forecasts for net profits and use 6.031 billion shares in issue :- 2019 6.2 million net profit with the following PE ratios PE of 5 = 0.514p PE of 6 = 0.617p PE of 7 = 0.719p (market average for miners) PE of 8 = 0.822p PE of 9 = 0.925p 2020 16.8 million net profit with the following PE ratios PE of 5 = 1.393p PE of 6 = 1.671p PE of 7 = 1.948p (market average for miners) PE of 8 = 2.228p PE of 9 = 2.507p I would point out that the above takes no account of the Gold and is clearly based on the current tungsten price which is forecast to rise. So, in my view we have a very good investment here. No doubt the detractors, the moaners and groaners, and the trolls, will post more carp, but fortunately I won’t have to read it as I have them filtered. Good ere init

Troajan Yes I know mate and if we were to look at forward projected PE ratios the figures I have quoted would be much much higher for 2019 and for 2020., i was purposefully using the lowest possible figures to demonstrate that even with those we have a very viable and profitable company.

Mick b So based on the Stockopedia forecast a P/E ratio of 4.4 in 2019 gives a SP pretty much exactly where we are now so I think they have just used the current figures. If we use their forecasts for net profits and use 6.031 billion shares in issue :- 2019 6.2 million net profit with the following PE ratios PE of 5 = 0.514p PE of 6 = 0.617p PE of 7 = 0.719p (market average for miners) PE of 8 = 0.822p PE of 9 = 0.925p 2020 16.8 million net profit with the following PE ratios PE of 5 = 1.393p PE of 6 = 1.671p PE of 7 = 1.948p (market average for miners) PE of 8 = 2.228p PE of 9 = 2.507p I would point out that the above takes no account of the Gold and is clearly based on the current tungsten price which is forecast to rise. So, in my view we have a very good investment here. No doubt the detractors, the moaners and groaners, and the trolls, will post more carp, but fortunately I won’t have to read it as I have them filtered. Good ere init

Kev They didn’t say there was any fee just that it would take a few days but that was two Blimmin weeks ago there as useless as a troll !

Troajan Yep it will be the same old same old! That’s why I don’t bother reading their carp

Nmh Friday will be fine mate, providing Lloyd’s sharedealing get the Blimmin letter of authorisation to me in time, I called them two weeks ago they said it would take a few days but so far nada!!!!

Troajan That’s it for me mate, they’ve done, it they’ve gone and convinced me with there never ending negativity that I am wasting my time investing here, which is some achievement giving that I have all trolls and moaners filtered, so, first thing Monday I’m selling the lot. Now - can someone please pass me my 2nd bottle of whiskey !

https://www.stirling-uk.com/business-valuations-using-priceearnings-pe-ratios/ This talks about net profits and if so savvy was correct