Member Info for GETINTHERE

Safety

L200 is provably wrong.

Q3 production was 54.7 tons of tungsten and 22.9 tons of tin, a total of 77.6 tons, recovery rates were 37% for tungsten and 30% for tin, all as stated in the RNS, the 27th November RNS stated that we had produced more up-to that point than in Q3, and the recovery rates were 40% for tungsten and 53% for tin, that’s more than 77.6 tons, today’s RNS states that recoveries of tungsten have improved from 40% in November to 58.7% in December and that we have already shipped 20 tons of tungsten with another 20 tons due to be shipped before the end of the month and that we have 25 tons of tin waiting to be collected, it does not state what the tin recovery rates are currently.

All of the above are facts directly from the RNS’s, so what we can draw from the facts is that as an absolute minimum, we will have shipped 25 tons of tin this month which as this is purchased at the spot price based upon today’s price will be 25 x $20,038 = $500,950, now if that’s the total amount of tin we have shipped this quarter, then it’s still more than half of the figure I quoted earlier, but of course it’s not likely that 25 tons is the total amount of tin we have produced in Q4 because we produced 22.9 tons in Q3 and we know that our production in the first eight weeks of this quarter were higher than the whole of Q3.

In short with recovery rates increasing significantly as has been stated in the RNS’s and with us running at 24/4 in Q4 against 24/3 in Q3 I can’t see how our total production could be less than 150 tons combined and given that as Troajan has previously correctly stated, the amount we get per ton for tungsten and tin is very similar if we say on average 150 tons x $18,000 we end up with the $2,700,000 of income that I previously opined.

Dreamy

I think we just need to continue to be patient and pragmatic mate, as you say the RNS was fine, and it shows we are moving forward, it was always likely to be the case that it was going to take until at least the middle of next year for us to get to full production and more than likely the second half of next year, increasing recovery rates from 40% in November to 58.7% in December (that’s a 46.75% increase month on month) is a massive step forward ;-)

Q4 guesses

GUG 70 and 25
SFLY 90 and 40
TRO 98.5 and 41.4
BC 103.75 and 58.5
OMR 120 and 60
K3 125 and 55
ME 130 and 55
SAFE 184 and 97

Safety

He sold out but can’t let go, he is hoping to justify his decision and be able to tell all of us who still hold just how right he was and how wrong we were, it is schadenfruede.

As for him being provocative, well he sucks at that too, I have never said that I am in touch with management, the only times I’ve spoken too them are in shareholder meetings, both face to face and online.

Onwards and upwards.

Troajan

Can you check my maths please, IF, our Q4 production is say 100 tons of tungsten and 50 tons of tin am I correct in thinking that our revenue would be circa 100 x $17500 (I’ve rounded down a bit as the price was less earlier in the quarter) plus 50 x $19000 (again rounded down) which would give us revenue of circa $1,750,000 plus $950,000 so a total of circa $2,700,000 ?

Golfpro

Sleeven is pretty much correct the fid says 68% tungsten and 72% tin mate.

Island girl, tungsten is currently circa $225 per mtu and we get 80% of that which is circa $180 per mtu, so a ton is circa $18,000 mate.

Given that we know we produced more tungsten and tin in the first two months of this quarter than the whole of q3 and that we now know that we will have shipped at least an additional 40 tons of tungsten and 25 tons of tin in December by my reckoning, my guess for the the Q4 production figures Of :-

“130 tons of tungsten and 55 tons of tin”

Is looking like it will be pretty close.

More importantly recovery rates have significantly improved and are likely to continue to do so as the kit is fully aligned, couple that with an increasing number of days of working from early next year and 2021 is set to be the first profitable year for WRES ;-)

4/24 throughout December

One shipment of 20 tons tungsten done and another will be done this month

25 tons of tin waiting to be collected

Record recovery rates increased from 40% in November to 58.7% this month

5/24 to commence January

We are on our way

Franny

In true panto fashion - “oh yes they are”

Tonlin

All good here thanks mate have a great Christmas and let’s hope that we all have a profitable new year ;-)

Tonlin

Good morning mate, I hope you and yours are fit and well ?

WRES will come good in time, as for bojo well if he had in fact followed the scientific advice (which he was frightened to do because of a great number of his own back benchers) then I don’t believe we would have had as many cases and therefore deaths as we have had, and we might have had a better Christmas, I find it particularly interesting that he waited until parliament was in recess before, only 3 days after telling us all to celebrate with bubbles, suddenly, yeah right ! Telling us about a lockdown.

But, hey ho, we are where we are, at least his oven ready Brexit trade deal is going well !

Franny

Oh well mate at least you will have all of your family together at Christmas ;-) I won’t :-(

If bojo the clown had, had enough guts to stand up to his back benchers and had shut down earlier and for longer we wouldn’t be in the situation we are now he’s a bungling buffoon !

Brentharg

Welcome, I’m sorry to say that you have misunderstood somethings mate, an MTU is a metric ton unit that weighs 10kg there are 100 MTU’s to a metric ton, we achieve 80% of the current (at the time of sale) price for APT for each MTU that we produce and sell.

The RNS’s will tell you the amount of tungsten and tin production for Q3 and the November RNS states as you quite rightly point out that we produced more in the first two months of Q4 than the whole of Q3, but we do not know how much more, it could be 10, 20, 30, 40, 50% more etc. Obviously we are all hoping ( well those of us that post here and are actually invested at least) that it was a lot more than Q3, additionally we were told that we would move from 4/24 working to 5/24 working at some point in December, and if this was at the beginning of December it would obviously mean a significant improvement in production in December when compared to October and November.

I entirely agree with Your comments regarding the management and the mine and the potential, I’m sure you will discover however that there are at least 3 posters on here who do not agree, it won’t take you long to work out who they are ;-)

I look forward to reading your future posts it’s nice to see someone new who has looked at the company and invested based upon the facts.

Troajan

If I could be bothered I would crucify him with his own previous posts, but I painted my shed earlier and it’s more interesting watching it dry they reading anything that the trolls post mate ;-)

Have a great weekend, bye.

Kev

These clowns don’t have real lives, they are just sad individuals, I’m seeing green boxes so I suppose one or more of them are still at it !

I’m far more concerned about what’s going on with the virus at the moment and what’s going to be announced by the other clown bojo in ten minutes or so.

Kev

He thinks because he has several names that he gets one life for each ;-)

Blackhopper

Agreed, I’m expecting to make a good profit here, however those buying in now will make a fortune, if and when production targets are met and the metal prices rise further, both of which are very likely to happen in 2021.

Sleeven

In August tungsten was $200 - $210 it’s now $220 - $225 and tin was $17500 it’s now $20255, many forecasters are now saying that with the exception of iron ore all metal prices are due to increase throughout 2021 and beyond, so, hopefully we will see further rises in the coming months, if we manage, at the same time, to ramp up our production, we will get to the point where we are finally making a profit, given that the current value of my holding is 75.5% down, the sooner these things happen the better ;-)

Sleeven,

I posted this to you at 09.46 yesterday, and I think it makes very clear what my views are, we all know that we are not making any profit yet :-

Sleeven

I agree as many of my posts have previously said we have a way to go yet the one below to MIB a week or so ago, is I believe the realistic position we are in :-

“MIB

Like you I am massively down on paper, but in terms of MM I am prepared even now to give him the benefit of the doubt, setting up a mining company from scratch through all of the various stages through to production and hopefully eventually profitability usually takes at least ten years, doing so with the added problems caused by a pandemic in the very year when we would have hoped to move into at least break even is a nightmare.

We have had many false dawns, we’ve faced many obstacles along the way, some of the issues were without doubt MM’s responsibility, some were not, but what he has done is to keep us in business and now (we all hope) we are finally at long long last, moving forward with production to the point where hopefully the Q4 figures will let us all see a little bit of light at the end of the very long tunnel, and if as I hope and suspect, we manage to achieve break even (in terms of our income equaling our outgoings) by mid 2021, and achieve a small level of profitability by the end of 2021, he will have moved from the feasibility stage of a mine to profitability in ten years, and I will be happy.”

It’s now $20255 per ton