Member Info for goingunderground

https://www.youtube.com/watch?v=Rgs7Xxz2lQU

Errrrrm

Don't believe all the narrative. Yes he is a trader, he rarely announce his sells,(Unless he is up on them) mainly just his "Incomings" We all have gambling friends like this

New all time low today and shares were trading hands at 7.6 on the bid. If I was a gambling man, I'd expect to see a fall next week. The rose tinted view has run its course. We even have Mr Glass half full reverting to only a Third full.
Have a good weekend

Finally GIT makes an accurate statement "and the SP will be nothing"

L200. Sad news for you. It seems you must be on his hit list too :)

No sweat Bridge, just having a laugh.
Off for my 5 mile walk soon :)

Bridge. So does that mean that last night when the spread was 7.8 - 8 that the sp was actually 7.9p but the UT trade made it look like it was higher ?

Bridge. Can you explain that to Getinthere He doesn't see my posts ROFL :))

to start the day. Why is that ?

Early July/End of June

Feb Recovery 60%. The mine was operating for only 1 week of 4. 60% of a little is not much at all.
The published recovery rate for the quarter was 30%
Did you note the strip ratio in Q1 5:1 from around 1.1:1 the prior quarter

Honestly Troajan

"dont forget,the mine isnt in full production"

How could we ?

"gug failed to mention.
aprils production figs,for the first 3 weeks on 5 days per week,
were more than the first 3 months"

No PRODUCTION numbers are available for April. Actually there are no PRODUCTION numbers available for any individual month, EVER

"so a huge improvent
and equates to about $1 million,in sales......using the shad calculations and not jo bloggs's"

An improvement over what ? Please share Shards calculations, you are talking waffle. The method of calculation I used was that used by the CFO and handily were on the bottom of one of the slides at the Q&A. If you were on it, you would know this

"Standard Pricing: 80% x Market Price x Metal Content"

Bridge. Yes thats true. The issue has been, and remains the lowly levels of production. If production can get to the stated 675t W concentrate per quarter, it will indeed be a different scenario, but the last reported 63.5t for Q1 2021 is only suggesting 10% of that number.

IF you are referring to me. Please state anything that was "misleading or a denial."

You cannot.

Good heavens GIT, you are trying hard this morning.
Just coming closer to the current situation rather then the what's if's and maybes of the end of 2022.
What do you think the EBITDA was for 2020 FY. I am going for maybe a negative £5-6m.
Shard think it might be £0.3m for FY2021.
Quite a few hurdles to get over before you start looking towards the end of 2022. One of which is just to exist
They have never hit a target yet, production volumes, time, money. Not ever.
Good luck with the ramping though.

2cvguy.
It did not ship before the end of April. That's nothing to do with balance. Its a binary event. It either did or it did not.

Bridge. Your numbers are correct. 20tons of Tungsten concentrate is around $280k.
The bit that most people don't understand (you do) is that 20 tons of concentrate at a grade of 65% (Historically its been in the range of anything 56%-69%) actually has (65% x 20t) 13t (1300mtu) of Tungsten metal contained within in it.
WRES get paid 80% of the contained metal price.
So, assuming $280/mtu it works out like this
280 x1300x80% = $291200
If you take that down do a per ton of Concentrate that equates to $291200/20 You get $14560.

The variable is the grade. The grade on the last quarters (2021 Q1 production was only 61.6% So that quarter 20t concentrate would only have 1232mtu. That would equate to 280 x1232x80% = $275968 or $13798 per ton.

So, as a rule of thumb, currently your number was spot on

Its not just the quantity, the grade is important too. I hope that is helpful.

GMED made an excellent post in April.
"This is one of those companies that had great potential 5 years ago, has great potential now, and will have great potential 5 years from now."

Bridedogg. On the call the CFO said that the final scheduled load at the end of April did not make it
I hope they publish the call, it was recorded. I don't think they will though.

Tungsten concentrate is around $270-280 per mtu. WRES receive 80% of the contained metal (Variable but around 60-65%) at that price point

Troajan. If you were on the call you would know that they said they were mining low and medium grade currently.

Gmed.

It would have been sufficient to just say "I've averaged down". The rest of it is just words.