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Your answer tells me all I wanted to know Troajan. You're in, bottom fishing again, did it way to early just like you did at WRES. Same actions, same outcome.
"The 2022 Hemerdon Ore Reserve is now 101.2Mt at 0.14% WO3 and 0.03% Sn"
That is very low grade.
Troajan. No change in my post, as usual you just post lies.
Its well known that you don't understand how you derive the monetary value of a shipment, nor the calculations that should be used. That was evidenced by your non-sensical posts on WRES. Many people tried to correct you but as usual you just stuck your head in the sand.
I agree that prices are not published when announcing the sale of offtake, but its entirely normal to publish the grade. Even WRES did that, for some reason TUN have not, perhaps they will( should) . A level of transparency is required.
Valuation it is, You suggest that the average W is a lowly 0.2% What about the Sn ?
Troajan
"Goingunderground
valuationitis is correct,if you read the rns's or old
it clearly tells you the AVERAGE grade of the mines ore body resourse.
think its a tad over 0.20%,"
I'm sure you remember the grades that were promised from La Parilla, they never materialised, They did help raise funds when required but we know how it ended......
This is going down the same route IMO.
Valuation.
There is an incredible difference between what people estimate and what the reality is. If the ore has been processed it would be normal to state the grade. They have not done this for the 50t sent. 50t of what ? It could be 60% W or something else, but its VERY relevant as that is what they get paid on.
Surely you understand this ?
Smoke and mirrors, its the normal way of trying to generate interest.
lets unpick the story a bit.
processing of previously mined materials that have been lying around.
huge (42%) scaling down of people
no mining taking place
no grades published for the w and sn.
shareprice down 95% from start of an exciting new project
its got a familiar smell of bull**** and artistic licence hasn't it. placing imminent ?
Well that shut you all up once and for all.
In fact most of the people who used to ramp this have mysteriously disappeared . Some of them close to bankrupt.
Dead money
Https://find-and-update.company-information.service.gov.uk/company/04782584/filing-history
Updated yesterday
;-)
The noise on here from certain posters is reminiscent of another failed W mine.
Those CLN terms......suggest to me that its over in the desperation to waste money.
More money......may as well shut the doors now. I do feel sorry for the employees, but this is over
No doubt
Can you send me a video clip of Winston making this quote. Not twitter or proactive though.
What a load of s4ite. Winston certainly did not say that.
I'd love to meet you in a pub bar one bud.
You could explain to me what the alternatives are to liquidation for a company in the position that WRES were,
You know $100m+ USD debt (growing at 14% pa) who have never generated income beyond $1m per month.
Now that would be interesting.......I'm not over on cngr and sgz either
Deluded.....do you understand anything. Its over. What a fool
He doesn’t answer straight questions. Cannot believe he throws a jab at OMR querying his sex.
Despicable Ignorant imbecile
You really are a despicable ignoramus.
Masterman was a good milker. :-) His production predictions were much overstated though.
Daft lad, (yes you Troajan) it may have escaped your attention that there is no requirement for RNS as they are delisted and now insolvent. The last RNS was almost a year ago. It is bereft of life. The fat lady lost out as well as she was paid in shares, now worth nothing.
If you want to see what happens in maybe 8-12 months, just follow the board comments at WRES. Same $hit, different location, same trajectory