Member Info for GETINTHERE

OMR I forgot to mention the grant ! FREE MONEY Happy holder He who dares sometimes wins but where WRES is concerned we are at the point in the battle where most of the enemy is dead and the rest are surrendering, but we still need to be watchful just in case some nutter doesn't realise they have lost its not 100% certain but we are st 94% plus.

OMR There is no forlorn hope here mate. We are on schedule for the completion of works, we are under budget, we have cash in the bank, the crusher is fully commissioned earlier than was expected, the rest of the kit will be commissioned on or before the originally expected timescales, we are producing, we are selling, we are going to produce more this month than last month, and more next month than this month, we have contracts for 80% of all of our production, we will be act full production by the end of Q2, we have been told that Regua will be up and running by the end of the year thereby increasing production by a further 500 tons per annum, we have touruca which will in the medium term increase production, we have a plan to further increase production at la parilla, we have copper mines, and we have the gold. Those of us that have been here for many years know that we are now 95% of the way to where we need to be in order to see a significant rerate of the SP. Patience is the key at this time, keep the faith and you will be rewarded. All in my own and honest opinion of course, but based on known facts.

To production and beyond Our time will come and it won't be long now

2p or not 2p - that is the question Wether it is nobler in the mind to suffer the slings and arrows of outrageous derampers or to take arms against the sea of clowns and simply read the facts, hold what you have and buy some more !

That the next RNS coincides with MMs next presentation ?

Hbob I think that unlike tungsten that tin is traded on the spot market mate so we should get whatever the price is on the day that we sell it

Mogwhy Fair enough mate. It will however be interesting to see what we actually get for the tin as a$16 credit presumes a price of $16,000 a ton and it's currently $20,000 a ton, so if we get $20,000 a ton our production costs will reduce to circa $88 per MTU Anyway as STV said we can speculate as much as we like it means nothing all that matters is that we complete the plant installation, complete the commissioning, get production ramped up to optimal levels and thereby prove to the market that we are a world class producer of tungsten and tin, because at that point there is no way whatsoever that the SP will be anywhere near this level. And don't forget regua, torouca, the copper and the gold mate because they are all extras !!!!!

As long as we stuff them I don't care mate

Mogwhy No mate $94 is our costs of production in total. We will produce roughly 10% tin to tungsten and the $245 figure is the apt price for the tungsten only it does not include the tin which is an extra income source I don't know what we will get per ton but it's currently about $20,000 so if we have 20 tons a month that's an extra $400,000 a month mate

L200 And don't forget that we will have roughly 20 tons of tin per month bringing us further income on top of the tungsten mate Plus regua torouca the copper and the gold ! So I think our investment is pretty safe don't you ?

Hbob It will all come good and I entirely agree with you about MM without him we would never have got the funds to go to production he is the man for the job and let's be honest we are all just hanging on his coat tails and hoping to make serious amounts of money. Anyway time to watch the rugby 66 seconds and we have a try !!!!

L200 Let's rework the maths:- Expected APT price $245 expected 80% selling price equals $196 minus $94 expected costs equals $102 per MTU EBITDA which times 20,000 per month equals $2,040,000 per month Earnings Before Interest Taxes Depreciation and Amortisation I am more than happy to have bought a few more based upon the above and firmly believe that my now not inconsiderable investment will make me a very good profit indeed mate.

Tonlin The brokers estimates are Massively pessimistic mate. EBITDA of $3 million a month warrants a share price much, much higher and as I keep saying we have everything else on top of the la parilla earnings as well !

STV The average broker price is $75,000,000 based upon the companies figures which would produce an SP of 1.06p On top of this we have regua, tarouca, the copper, and the gold, so I am more than happy with my investment here, and I am looking forward to the numerous RNSs that will be coming out over the next few months

Extra 0 in the calculation by mistake it should have been 20,000 MTU per month multiplied by $151 = $3,020,000 which ties in with the $3 million per month quoted !!!!!

$245 per MTU minus $94 production costs = $151 per MTU EBITDA, multiplied by 200 tons per month (200,000 MTU ) = $30,200,000 So as far as I can see the information on the presentation makes perfect sense, or am I missing something ?

Oldskool I get your frustration mate, I just don't understand why anyone who believes that WRES is going to achieve what is stated within the FID is so worried by a video and wether the SP goes up or down by a few percent, because anyone who is going to hold at least until full production is achieved has little to gain by moaning about every little thing. True the video wasn't great it wasn't thought through enough, but in the great scheme of things it makes no difference whatsoever, other than I was able to buy a few more at below my average which I did not think I would be able to do.

L200 I've been out so only just read your post. You are correct that I do not categorically know the the $500k is a net figure, however if we apply some logic:- We sold 50 tons which equals 50,000 mtu's, if we only received. $500,000 gross then we sold the tungsten at $100 per MTU, which makes no sense whatsoever given that the current price is circa $280 per MTU. So I deduced in my opinion quite reasonably that the $500 k was a net figure mate as on the balance of probability that's far more likely than not.

Blow me down, some of you do get really worked up given that you are invested in a company that is going to make you a fortune! The 500k is clearly a net figure, you need to understand that the production costs will obviously be higher than $94 on the relatively small amount of tungsten we have so far produced so the amount we made on that measly 50 tons is in my book pretty good going. I have just bought a few more at a silly price. All is good just chill out and wait, or if you think that making 500k is bad then sell up, because if you do I can buy more at an even lower price !

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