Member Info for goingunderground

Welcome 2phevs. Your "recommender" doesn't have a great track record here, but good luck to you. DYOR research and all that :)

Which year ;-)

Always left until the latest possible date.

You are now talking complete cobblers now. But we’ll done you got a reaction

“Tin 20 tons x $33,000 per ton = $660,000“

Is that 20 tons of contained metal or 20 tons of concentrate ?

K3VMC
I have asked admin to remove my post of last night. I did so before 7am this morning, when I posted the corrected version.
That is all I know

I'm sure WRES will produce revenues of $1.5m/month, it would not be unreasonable to assume that. At current pricing it would require <100t concentrate shipped to do so.
Troajan maintains "if its produced,it gets shippped" Yet the company RNS's say different. It ships when they have 20t shipments of each material.
K3VMC - The 3 day comment was a slip. It meant to say 7 day and you are correct in your comment about an assumption of production, yet Troajan is banding it about like its already happened.
Instantexpert - Your statement about a 20% reduction in Sn is incorrect but to the others who dismiss the smelt figure, I'm sorry but you are wrong. It is a "processing charge" Maybe ask the CFO to explain it

So, once you get to 100t a month of combined production. Working 24/7 on the higher grades and with less time between shifts, how do you then ramp up to the stated 257t/month (combined) target production from LP alone. Geng would call it a "gap" That is more then just some fine tweaking. Yes process more ROM but that alone will still leave a significant shortfall based on the Q2 ratio. The Q3 report will give a more indicative ratio when it arrives.

Shard report states that at production of 910t combined concentrate production the OPEX is $199 per mtu.(allowing for a tin credit) I believe this would be further reduced by the current tin price, however the current revenue at the higher selling prices are $156 for W and $180 for Sn (I've not included the smelt charge to avoid further haggling). So based on these numbers and the achievement of production targets It is still making a considerable nett operating loss. It is spending money faster than it is earning it.

You're a funny bunch here.
I'm sure WRES will produce revenues of $1.5m/month, it would not be unreasonable to assume that. At current pricing it would require <100t shipped to do so.
Troajan maintains "if its produced,it gets shippped" Yet the company RNS's say different. It ships when they have 20t shipments of each material.
K3VMC - The 3 day comment was a slip. It meant to say 7 day and you are correct in your comment about an assumption of production, yet Troajan is banding it about like its already happened.
Instantexpert - Your statement about a 20% reduction in Sn is incorrect but to the others who dismiss the smelt figure, I'm sorry but you are wrong. It is a "processing charge"

So, once you get to 100t a month of combined production. Working 24/7 on the higher grades and with less time between shifts, how do you then ramp up to the stated 257t/month (combined) target production from LP alone. Geng would call it a "gap"

Shard report states that at production of 1181t pa (100t a month) combined concentrate production the OPEX is $248 per mtu. The current revenue at the higher selling prices are $156 for W and $180 for Sn (I've not included the smelt charge to avoid further haggling). So based on these numbers and the achievement of production targets It is still making a considerable nett operating loss. It is spending money faster than it is earning it.

Troajan.

Which part of getting paid at the point of shipment do you not understand ?
July - 3 Tungsten, 1 Tin were shipped (Over $1m)
August - 3 Tungsten and no tin (Hence not past the $1m mark)
Sleeven has already explained this to you.

$1.5m per month revenue is a number in your mind. It has never been achieved yet. WRES have not intimated this and the mine has so far completed 2 weeks or so of 3 day working. You can rejoice when or if it is announced. In teh meantime its just a fantasy

Sorry, it was August I should have said. .
The point of the post was to stress that WRES DOE NOT receive $35k+ per ton of concentrate. They get that price per ton of metal contained within the concentrate.
With regard to the quantities each month, that will be what it is, I beleive it has to be shipped in 20t loads so until they have that in hand it remains onsite.
The price will still be in the order $16250 per ton of concentrate based on todays price.

Tin Concentrate production in July was 7.9t. We don't know what the grade was, but in Q2 it was 51.9%
Revenue from 1t of tin at a price of $35500 is $18105 ($35500*0.519) then there is a smelt charge typically around 10% reducing the actual revenue per ton to $16294. They didn't ship any tin in July as there wasn't enough but if they had the revenues from that would have been around $128k

Safetyman will now make a foolish comment about your spelling as he is fair and balanced (apparently)

The 50k Atlas have remaining has not been converted. Do you know how this works?
Actually don't answer.

Steve BT - "Anyone who denies the fact covid has had a massive impact on shares is a complete idiot."

Indeed.
The FTSE Small Cap prior to covid was around the 6000pt mark. It fell to 3700 when the world started to shut down and has now rebounded to 7500.
The FTSE all share is now back to the level it was prior to covid after falling from 4200 down to 2700

No massive impact between now and then, in fact lots of opportunity to make money, Very positive.

WRES in the meantime have fallen from 24p to less than 6.5p. Masterman said in the June 20 update "The Spanish State of Emergency shut down operations in April" So the impact was the loss of 1 months production at a time when monthly production was around 20t a month.

"07 Jul 2021 16:41
Added another £4k before close, have been buying for a while and will keep going at these levels, will dump the lot if it drops below 6.7p"

I guess you'll not be seeing Geng again.

Troajan, why are you misrepresenting what people are saying. (Other than in trying to provoke an argument - you do that yourself) You are just embarrasing yourself to the poeple that read all of the posts. Where are you getting your mythical $1.5m a month number? Its a number that you provided as a monthly revenue figure. Its a monthly revenue figure that does not exist, other than in your mind. Quite why are making any reference to it, I have no idea.

Getinthere 15 Sep 2021 19:37
"Troajan

In July they they produced 68 tons but they shipped 3 x 20 tons of tungsten and 1 x 20 tons of tin, consequently they exceeded $1 million revenue, but in August they only shipped 3 x 20 tons of tungsten mate, so that’s why I have calculated that they received circa $936,000"

Where are you getting your fictional revenue of $1.5m. You are just embarrassing yourself again.
Theyve NEVER produced revenue of $1.5m in a month.
You ask for facts and you provide fantasy

Troajan "the mine made its first opperating profit."

That is a complete lie.

That is $166 per mtu revenue ($320*0.8*0.65). Current OPEX is $248 per mtu (minimum). So the nett loss is $82 per mtu. (Shard report numbers)
Going the right direction but until the production is up over 150t per month its not looking good

Not talking about share price Stevebt.
You’re very new here.
Getinthere has been saying “we are on our way” for years. Problem is people like you believe him.
Anyways, you keep to your narrative, pop your rose tinted specs on and keep believing the drivel.
Cash raise incoming soon in my opinion .