Member Info for GETINTHERE

Your guess work and conjecture is that it will fail, but mine is and has always been that WRES will succeed, many long term holders feel the same as me, time will tell who is right and who is wrong, that’s the true reality of the situation, the SP now is irrelevant to holders unless they decide to sell, and I doubt that there are many who will want to sell at this time with the Q1 results due in a couple of weeks, and with a very good chance of a good forward looking statement regarding 7 day working and increased production.

Even if, WRES has to utilise more of the atlas facility and for arguments sake we end up with 120,000,000 shares in issue, (that’s more than a 50% increase in the current amount of shares in issue) the level of earnings we would need to reach £1 a share is certainly achievable.

By my reckoning if we only had a PE ratio of 5, and had earnings of £25 million that would give us a market valuation of £125 million which is just over £1.04 per share if we have 120 million shares in issue.

If we used a PE of 10 we would only need earnings of £12.5 million.

If we used a PE of 15 we would only need earnings of £8.33 million

For clarification the earnings required against the various PE ratios, in order for us to get to £1 a share are all based upon us having a massively increased number of shares in issue, (120 million which is more than a 50% increase in the current level of shares in issue) so, obviously if we don’t end up with further dilution because of a short term need to raise cash, then getting to £1 a share will require considerably less earnings than I have stated.

So, despite what some of the non invested people may say, reaching £1 a share is entirely feasible in the short to medium term.

The plant upgrades are now completed and production has and still is improving, tungsten is $260 per mtu and forecast to rise, tin is over $27,000 per ton and forecast to rise.

As I see it we need production at roughly 50% of what was our target production in order to pay our costs.

So, that’s circa 90,000 mtu (900 tons) of tungsten metal per year or 75 tons a month (7,500 mtu)

Plus of course our tin production, of say 20 tons per month.

I believe that we were very close to producing the levels above when we were on a 5 day week, and that moving to a 7 day week from this month will mean that we surpass the amount need to cover our costs.

Time will tell, but keep the faith wressers, because rumours of WRES’s demise are greatly exaggerated ;-)

As I see it we need production at roughly 50% of what was our target production in order to pay our costs.

So, that’s circa 90,000 mtu (900 tons) of tungsten metal per year or 75 tons a month (7,500 mtu) this is roughly the equivalent of 1350 tons of concentrate per year or 112.5 tons of concentrate per month.

Plus of course our tin production, of say 20 tons per month.

I believe that we are very close to producing the levels above right now on a 5 day week, and that moving to a 7 day week from next month will mean that we surpass the amount need to cover our costs.

Gw123

On Friday the 9th of March the SP was 0.925p and you held 13 million shares which were worth £12,025 today you own 130,000 shares at 11.5p which are worth £14,950, which is a little over a 24.32% increase mate in between the 9th of March and now MM bought £135,000 worth of shares on the open market and at one point the SP hit 0.24p which is the equivalent of 24p today, so, I see no reason why, IF, production gets anywhere near our target level in the months ahead, that your 70p can’t be achieved mate.

Mullins

Did you get them at 11.8 mate ?

MIB

D then B as a result.

Oh, hold on a minute I thought I was someone else for a moment, The truth is no one outside of the company knows exactly where we are and what if any RNS there might be.

I suspect that 7 day working will commence from tomorrow as I doubt they would have started it up over the Easter weekend, but as they’ve already told us that it’s due to start from early April I can’t see them RNSing

We only have about 3 weeks to wait to see the Q1 results, and I’m glad that I’m not out of this over the bank holiday weekend ;-)

The P in PE stands for price ! Not profit !

Clarkey

If you seriously don’t know what’s happened then I really wonder if you should be investing mate, but that said you don’t have anything to worry about, the shares have been consolidated so you now own 1 share for every 100 shares that you previously owned, BUT, whereas the shares yesterday closed at 0.1325p they opened this morning at 13.5p (albeit that at the time of posting they have dropped to 12.5p) therefore the value of your reduced holding at opening was slightly up and now due to the SP dropping is slightly down,

Click on the RNS icon above and then on the consolidation RNS and you will understand.

I hope this helps.

If my shares were worth £3.4 million even I might consider selling, well maybe half of them ;-)

Mullins

3rd week of April is most likely mate, but who knows, we may get other news before then, time will tell.

I’m not expecting more than the 120 and 40 tons that I guessed at for Q1, but I am expecting a forward looking statement at the same time regarding our current production run rate.

Time will tell ;-)

For clarification the earnings required against the various PE ratios, in order for us to get to £1 a share are all based upon us having a massively increased number of shares in issue, (120 million which is more than a 50% increase in the current level of shares in issue) so, obviously if we don’t end up with further dilution because of a short term need to raise cash, then getting to £1 a share will require considerably less earnings than I have stated.

Keep the faith wressers, keep the faith ;-)

This website shows the average PE for the metals and mining sector is 30.21

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html

To get to £1 a share if we used a PE of 5 we would need earnings of £25 million.

If we used a PE of 10 we would only need earnings of £12.5 million.

If we used a PE of 15 we would only need earnings of £8.33 million

If we used a PE of 30 we would only need earnings of £4.17 million

So, despite what some of the non invested people may say, reaching £1 a share is entirely feasible in the short to medium term.

The plant upgrades are now completed and production has and still is improving, tungsten is $260 per mtu and forecast to rise, tin is $27,539 per ton and forecast to rise.

Keep the faith wressers ;-)

Selling price is 12p buying price is 14.4p on Lloyd’s so I believe that the mid market price is 13.25 it’s just a larger spread being used by the MMs due to the consolidation, as the day goes on the spread will reduce.

Pennies now instead of fractions of pennies.

Now we can start heading towards pounds ;-)

It’s no surprise that as soon as investors on this board post anything positive that immediately two negative posters appear, however the fact remains that If WRES can produce 25 tons combined per week at at a combined price of $20,000 per ton we would generate $500,000 per week at 30 tons that’s $600,000 a week

Let’s see where we are when we get the Q1 results and hopefully a forward looking statement regard our actual production levels now that the plant upgrades have all been completed.

I think we will be pleasantly surprised, clearly non invested individuals don’t agree.

Time will tell ;-)

If the price of tungsten goes up to the levels that are forecast then WRES will not only survive and make some profit it will make a lot of profit ;-)

Troajan

I’m not expecting much movement in the SP now until we either get other news, or, until a week or so before the results are due.

The thing is with start up miners, that once the teething problems are sorted out, providing that the ore is actually there, production can shoot up and the SP can and does go up with it.

Time will tell mate ;-)

If WRES can produce 25 tons combined per week at at a combined price of $20,000 per ton (which is roughly half of what our target production level is) we would generate $500,000 per week at 30 tons that’s $600,000 a week

Let’s see where we are when we get the Q1 results and hopefully a forward looking statement regard our actual production levels now that the plant upgrades have all been completed.

I think we will be pleasantly surprised, clearly non invested individuals don’t agree.

Time will tell ;-)

I forgot to say that this website shows the average PE for the metals and mining sector is 30.21

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html

So my use of a PE of 5 is very very low.

If we used a PE of 10 we would only need earnings of £12.5 million.

If we used a PE of 15 we would only need earnings of £8.33 million

So, despite what some of the non invested people may say, reaching £1 a share is entirely feasible in the short to medium term.

Keep the faith wressers ;-)