Member Info for goingunderground

Lets see.

Well it took longer than expected but the two expected posters stepped up to the plate

Comical Kev "I have dumped no wres shares. I have more Wres shares now, than I ever had in the past."

Quite the wordsmith today - "I have dumped no wres shares" OK Maybe dumped was not the correct word to a pedant.
"I have more Wres shares now, than I ever had in the past" - Of course you do, they a tuppence a time. When you were buying at the 60p equivalence you got 30 x less.

Pedantry.

Glib

K3 “ Plus, it’s wrong. I have bought every placing in Wres and I have bought twice in the past month”

Your usual play on words. He didn’t say you didn’t buy in every placing and that you hadn’t bought twice in the last month, but you know this.
You dumped a shed load many months ago but obviously retained the worthless warrants.
Tell the whole truth in future

Wrong board. This is the board for a failing Tungsten and Tin mine

Comedy gold that one Jaf.

.......and the mine is currently closed down.
Still waiting for someone to say that a war is good for Tungsten prices :))

No mention that the mine has been reopened after its 2 week shutdown. We were told it was shutdown and shutdown it seems to remain.
More useless words from the Company.

Safetyman

My post said is the mine open again. It was a question.

......mine open again today ? In such delicate times it would have definitely have been worth an RNS to confirm it.
Can only assume in the absence of news, the shut down continues. Maybe the reopening is pending further finance.
Tricky !

Well of course it varies ! But don;t e saying theyve only ever been on the low grade. Masterman says different. Its just there is not much of the higher grade.

Now you are regurgitating 2012 and 2016 Proactive reports.

The 2016 report that you highlight as evidence of 0.26% also states "The ratio of tin to tungsten in the fast track mine area is about 30% compared to the ore body average of 11% showing the potential for a boost in tin production in the early years of mining La Parrilla, the company noted.

Masterman added: "This new data will increase initial production grades which we are incorporating into the new mine plan. Production start-up at La Parrilla was ahead of schedule commencing in late September and these results continue to build on the scale of this project.""
That was 6 years ago. He must have lost it

I am not even going to comment on a 12 year old report.
K3 even sums you up. Nyaff.

15th July RNS - Q2 Production report
"Michael Masterman, Chairman of W Resources, commented: "Whilst we faced further challenges due to the impact of having to build a 500,000m3 dam, we were pleased to complete the dewatering of the open pit on 24 June 2021 enabling us to safely regain access to the higher-grade ore. The impact of lack of access to the higher-grade ore was somewhat mitigated with our tungsten recovery rates increasing from 32% to 47% enabling us to produce a record amount of tungsten concentrate in the quarter.

Very clearly states "enabling us to safely regain access to the higher-grade ore."

Go to bed. You've been shouting this as a success from 40p down to 2.2p. A ridiculous stance.

Is a certain poster losing his marbles? Certainly cannot read. Needs help

Wres do incur smelt costs but as I did not include any then you are making a pointless point.

You logic is incorrect ref blasting. They are detonating above the water level NOT below

I said that WRES were on high grade in Q3. You have just agreed with me

Totally witless some people

Troajan “ and we're doing calcs on the low grades,0.098%
we're now entering the lower zone,higher grades.”

There you go again with your falsehoods, throwaway comments, with no evidence.
They were on the high grade ore in quarter 3 look where it got them. The mine is extending in a horizontal manner, not vertically downwards.

Thanks. So 340t per quarter combined. I think its closer to 400t, but I haven't really refreshed the calculations and here's why
Do you think that is likely to happen soon ? Its about 90-100% increase over the best ever quarter to date and I just don;t see that ever happening.
I think the max ceiling on this mine is 300t per quarter and we know its nowhere near that in Q4. So, on that basis its just a non starter unless the senior debt is gone.
Its more likely to be at best 250t per quarter to allow for the maintenance and down time.
Yes, the tin price has increased but the tin yield has been falling quarter on quarter. Wiping out any gains
Will Tungsten double ? Probably not.
Its getting periously close to me having to honour my investment of £100 @1p but lets see.

Its gonna be worth nothing by the end of day, the rate at which it is falling (SNG)

Sleveen. Are you talking monthly numbers or Quarterly ? Can you be clearer ?
What monthly debt servicing numbers are you using ?