Member Info for GETINTHERE

Dreamy

The important thing is that we are working 24 hours a day 4 days a week and will be increasing to 24hours a day 5 days a week later in this quarter mate.

If, we hadn’t been able to continue 24/7 operations we would have been in serious trouble because as you know, starting up and closing down the entire plant are both long laborious tasks, most mining operations try to operate 24/7 and only stop elements of the plant to do essential maintenance or emergency repairs.

We will get to 24/7 and 7 days a week next year and then we will be in a far better position.

Troajan

Safety always states that he wouldn’t want to be out of this over the weekend, and Dreamy was always asking him not to as he felt that often the SP dropped the next week, so, I suggested the week before last, that Dreamy simply posted that he would want to be out over the weekend - thereby restoring some equilibrium.

And

Last week it worked, as the SP went up a bit rather than down ;-)

So they are both continuing in the same vein.

Let’s hope it has a similar effect this week ;-)

Dreamy,

We will still be able to work 24/7

“Prime Minister Pedro Sánchez said the decision to restrict free movement on the streets of Spain between 11 p.m.-6 a.m. allows exceptions for commuting to work, buying medicine, and caring for elderly and young family members. He said the curfew takes effect Sunday night and would likely remain in place for six months.“

Dreamy

Well done mate, between you and safety the WRES universe is being kept in balance ;-)

Spindok

I agree that the price now, when you consider the upside potential, warrants buying, however personally, with the amount of shares I already own here and the % of my personal wealth that I already have invested, I won’t be buying anymore - unless I win the euro lottery tonight ;-) in which case watch the SP rise next week ;-)

Safety / Dreamy,

I’m hoping for some good news, before the years end, possibly grant, possibly gold, possibly Regua, but I’m not expecting it.

The situation with WRES has changed massively, partly because of plant issues, partly because of personnel issues and partly because of Covid19, and the consequent effects that has and continues to have on the worlds economy and therefore commodity prices, hence why I am now of the belief that a 1p target by the end of 2021 is realistic, unless something massive and positive occurs in the meantime - we can but hope ;-)

Dreamy

That projection is simply presuming that we can produce at the same daily rate as we did in September, but with an average of 50% longer working hours per week for the entire quarter.

It doesn’t presume any improvement in production rates for any additional upgrades and or modifications at all, so, I really believe it is entirely plausible, but time will tell.

You and I could both do with a serious increase in the SP from here mate, and it’s certainly not by any means impossible that we will get it, here’s hoping ;-)

Troajan

Even if we were at 2p in a years time, I still wouldn’t have made a million, I would have to believe it would be 3p before I could use DELBOY’s quote of :-

“This time next year rodders we’ll be miwwionaires”

Whilst 2p let alone 3p would be great, it’s not going to happen in a years time, unless of course something massive happens like us hitting full production and the price of tungsten doubling,

It’s good to dream, but in reality if tungsten and tin remain at similar price levels even if we hit full production by mid 2021 we will be lucky to see 1p.

Then by my reckoning, presuming that we can match the September daily production levels, Q4 should provide us with 9733 mtu’s of tungsten, or in percentage terms 48.6% of our target for full monthly production.

IF ! We manage to achieve the above, then we will finally be at or possibly just above break even point and IF ! We are, then the SP will not be anywhere near the current level.

Time will tell ;-)

HBob

Nice to see you posting again I hope you are fit and well mate

Disco

No problem mate, it’s the same calculation for the tin mate, but in that case it’s, 42.7% of 22.9 tons

Try dividing the 54.7dmt by the 69.8% tungsten concentrate grade % which is 5470 (tons of concentrate converted to MTU) divided by 69.8 = 3820 MTU

The RNS was what we were expecting, no more and no less, it tied in with what MM indicated on the call we had with him.

Onwards and upwards from what is currently a very low SP.

Ignore the naysayers, WRES will succeed, albeit that it has taken and will take a lot longer than we had hoped, and originally expected.

Troajan,

T2 is this phase mate, which was originally scheduled to be set to commence in September 2019, with T3.5 originally scheduled for 2021.

My guess, and that’s all it can be at this stage, is that, IF, everything goes well from now, that we may be able to hit our T2 200 - 225 tons per month target by mid 2021, as for T3.5, I can’t realistically see us getting there until at least late 2022.

I’ve been quoted 0.129 to buy and 0.125 to sell for at least the last hour on Lloyd’s, my belief is that many of the supposed sells are in fact buys.

https://www.proactiveinvestors.co.uk/companies/news/932008/w-resources-says-it-is-extremely-encouraged-as-plant-upgrades-prove-successful-932008.html

Franny / Mullins,

Unfortunately there are some very sad pathetic individuals in this world, we can but feel sorry for them, when all is said and done, nothing that they post makes any difference.

This is the end of the beginning, NOT, as some would portray it, the beginning of the end.

It is going to take time and we will all have to continue to be patient, but what the RNS tells us, is that we are now, finally, on our way.

Ignore the naysayers, filter them or simply don’t respond to any of their posts, they will eventually get the message.

The RNS was as expected, a small improvement, and the first step towards improving production and reaching our full production target.

Troajan

Sorry for the delay in responding mate, I’ve had a busy day and decided to have a couple of beers and a take away, so I’ve only just glanced back at the board.

I’m not sure what the problem is with your pond as I’ve seen a fair few water boatmen this year on our lakes mate, maybe you have some type of predator that’s moved in, I suspect that frogs or toads would find them a nice little snack ;-)

Troajan

We will get there mate - eventually ;-)