Member Info for GETINTHERE

I certainly didn’t think that rodrod would win and that his guess would actually be above the production level !

Oh well, it is what it is, we can but hope that August onwards will be a lot better and that 7 day working does commence at some point in September.

Mullins

Not as good as I would have liked, but at least we produced a little more than June.

Moving to 7 days in September will be helpful and now expecting close to the top end of the forecast for this years production.

Still stating that they are moving towards 675 tons of production by the year end.

I suspect that the headline of production increasing and the expected further increases, will be lost when the market sees that we have actually produced less per working day than we did in June, and that for some reason we started processing from the higher grade areas on 6th July?

The wait continues, now until October :-(

By my reckoning if we have produced 50% of the required T2 run rate in July, then in order to get fully to T2 by the end of the year we would need to increase by a further 10% per month, however as we are only working on 5 days a week until October when we are due to move to 7 days a week (which is a 40% increase in working days) if we were on 50% in July increased to 60% in August and then to 70% in September the change to 7 days a week would increase production to 98% in October.

I know that the above is optimistic, but what it shows is that WRES does, without massive step increases, have the potential to achieve T2 by year end, which is what the company is aiming to do ;-)

"We are now highly encouraged that we are making tangible progress having achieved our highest monthly production of concentrate in June 2021, notwithstanding this was in a three-week period. Looking ahead we now have access to a better quality and a better grade of ore which should see our production numbers increase towards our T2 target".

And - it also says in the Q2 RNS, that they are heading towards the T2 production level which they expect to achieve later this year ;-)

Of course to hit T2 production will have to be massively improved as we will need 225 tons of tungsten a month and circa 10% of that again in Tin production.

If we get close to T2 at the end of this year then next year will be epic ;-)

Seaboy

Thank you for taking the trouble to write such a detailed explanation, it’s much appreciated.

I had no intention of selling before I read your post, but now I have to seriously consider wether to buy more ;-)

Wasp

I still think 110 tons is achievable for July, but I am fully aware of what we need to hit the 880 minimum, 910 Shard, and 1000 ton upper level production levels mate.

We will find out soon ;-)

Updated

24 guesses and based on my categorisation there are the following guesses per category :-

Bad 1
Acceptable 2
Ok 2
Good 5
Very good 9
Excellent 3
Mind blowing 2

So, the very good range of between 109 and 122.3 tons is bar far the highest scoring category and if that range is achieved it would indeed be - very good ;-)

Instantexpert 147 tons
Safetyman 139
78rpm 132
Mullins 125
Nicetomichu 122.5
I’ll city 121
Troajan 120
Frogman 118
Bristolcupid 116.8
Yugoboss 116.6
OMR 116
2cvguy 114
Jaffaman 112
Getinthere 110
Stevebt 108
Gw123 105
Sammymac 103
Tonlin 100
Sleeven 95
Mifflin 85
Superbly 80
Wasp 75
Thomos 72
Rodrod 69

Total 2601.9 divided by 24 = an average expectancy of 108.4125 tons (I would be happy if we achieved that, ;-)

Updated

23 guesses and based on my categorisation there are the following guesses per category :-

Bad 1
Acceptable 2
Ok 2
Good 5
Very good 9
Excellent 3
Mind blowing 2

So, the very good range of between 109 and 122.3 tons is bar far the highest scoring category and if that range is achieved it would indeed be - very good ;-)

Instantexpert 147 tons
Safetyman 139
78rpm 132
Mullins 125
Nicetomichu 122.5
I’ll city 121
Troajan 120
Frogman 118
Bristolcupid 116.8
Yugoboss 116.6
OMR 116
2cvguy 114
Jaffaman 112
Getinthere 110
Stevebt 108
Gw123 105
Sammymac 103
Tonlin 100
Sleeven 95
Mifflin 85
Superbly 80
Wasp 75
Thomos 72
Rodrod 69

Total 2601.9 divided by 24 = an average expectancy of 108.4125 tons (I would be happy if we achieved that, ;-)

Thomos

I’ve been away for a few days and only rarely checking in, I will add you in and repost.

23 guesses and based on my categorisation there are the following guesses per category :-

Bad 1
Acceptable 1
Ok 2
Good 5
Very good 9
Excellent 3
Mind blowing 2

So, the very good range of between 109 and 122.3 tons is bar far the highest scoring category and if that range is achieved it would indeed be - very good ;-)

Instantexpert 147 tons
Safetyman 139
78rpm 132
Mullins 125
Nicetomichu 122.5
I’ll city 121
Troajan 120
Frogman 118
Bristolcupid 116.8
Yugoboss 116.6
OMR 116
2cvguy 114
Jaffaman 112
Getinthere 110
Stevebt 108
Gw123 105
Sammymac 103
Tonlin 100
Sleeven 95
Mifflin 85
Superbly 80
Wasp 75
Rodrod 69

Total 2529.9 divided by 23 = an average expectancy of 109.9956 tons (I would be happy if we achieved that, it’s about as close as you could get to my 110 ton guess ;-) )

Troajan

Thanks for posting mate, $306.7 per mtu and rising yesterday according to that article ;-)

Looking at what was produced in the 17 working days of June, during which time we had at most 5 days working on the high grade ore areas we produced an average of a little over 3.27 tons per day so in my view if we were to produce less than that average it would be bad, a similar or slightly higher production level would be ok, and higher than that depending on just how much higher would be good, very good, excellent or mind blowing:-

Bad = under 72 tons

Acceptable = 72 tons - 79 tons (79 tons is 10% higher)

Ok = 80 tons - 93.5 tons (93.5 is 30% higher)

Good = 93.6 tons - 108 tons (108 tons is 50% higher)

Very good = 109 tons - 122.3 tons (122.3 tons is 70% higher)

Excellent = 122.4 tons 136.7 tons (136.7 tons is 90% higher)

Mind blowing = 143.9 tons or more (143.9 tons is double the June daily production rate)

I suspect that we will find out during the coming week, here’s hoping for an excellent result or better ;-)

Troajan

With a bit of luck we may be able to say goodbye to some other unwanted things as well mate ;-)

Troajan

I have tin at $35982 per ton mate that’s $12982 above the Shard forecast or 56.44% and with Bermuda stating that tungsten was $308 per mtu that’s $48 above the Shard forecast or 18.46%

The July figures will be very interesting ;-)

Mullins

I have said several times that the RNS is not likely until next week at the earliest mate and now that Atlas have converted a few more I wouldn’t expect it before their new shares have gone live.

Isn’t it strange how the SP dropped back yesterday and then we get the Atlas RNS this morning, it’s almost as though someone new in advance, I’m sure that the board wouldn’t leak anything but the only others who would know are the brokers, strange !

Tin $36,437 per ton, that’s $13,437 higher than expected in the Shard report ! and tungsten is up another couple of dollars per mtu and is well above the $260 expected in the Shard report ;-)

We can but hope ;-)

No problem mate try this:-

https://wresources.com/wp-content/uploads/202104-Shard-Capital-WRES-Research-Note.pdf

Northern

The broker is Shard target is 23p with 910 tons of total production this year and if tungsten is at $260 and tin at $23,000.

Tungsten is $303 and tin is $35,000.

If you go onto the WRES website you can read the brokers report.

Updated

Instantexpert 147 tons
Safetyman 139
78rpm 132
Mullins 125
Nicetomichu 122.5
I’ll city 121
Troajan 120
Frogman 118
Bristolcupid 116.8
Yugoboss 116.6
OMR 116
2cvguy 114
Jaffaman 112
Getinthere 110
Stevebt 108
Gw123 105
Sammymac 103
Tonlin 100
Sleeven 95
Mifflin 85
Superbly 80
Wasp 75
Rodrod 69

Total 2529.9 divided by 23 = an average expectancy of 109.9956 tons (I would be happy if we achieved that, it’s about as close as you could get to my 110 ton guess ;-) )