Member Info for K3VMC

All our sales are ex-works.

Troajan, we kiss the concentrate goodbye on the LP boundary ad yes GIT, 20 ton shipments is what the man said.

Yes GIT. Just crack on.

What is to stop us from just setting up the old concentrator next to the contracted crusher and shoving Régua through it, without publishing a new JORC or FID?

Humbo, look on your contract notes.

Just a suggestion.

Oops, ADME!

Same bloke, different hat.

DB, scraping the barrel with that post. I’m normally very patient with you, but if you can’t understand the basics of finance management, I’m not the one to help you.

:-)

Safety, I can’t remember where he said it, but the CEO reckons there are not just 49m tons of ore, but 70m+ tons, making the mine life 20 years instead of 11 years.

Why is it a donkey? Just because it has been suspended?

Do you know how much copper they have?

Bob, I had the odd doubt at 4am on some mornings, but that’s about it. I take the JORC on trust and I’ve seen tungsten in the ground that was not part of the JORC, so I believed there was enough resource there. We’ve both met Fernando, Aaron, Juan, Celestino, Lelo and Tony, amongst other and they all seemed serious, competent and honest, so I was happy with the people on the ground. In addition, anybody who can supply the DD to get $5 out of Blackrock is going some, never mind $35m. Lastly, we know they have local support because of the Junta grant.

This project ticks all my boxes. There is nothing, barring acts of the supernatural, that will stop WRES getting to $40m ebitda in the next two year. More if the tungsten price perks up.

Yes, I’ve seen other stocks double overnight and I’m very, very sorry I missed them, but I would rather keep my investment here and wait.

oldskool. That was really turgid.

oldskool.

“ WRES may not be for sale to you...but it could easily be sold.”

Oh, go on then. I appreciate the odd bit of nonsense, so let me fe the first to bite.

Really! Well, who would buy it, from whom and at what price?

I agree with you Bob. One for the future.

suthy, I don't think the CEO will sell.

discopablo, I think we will get figures from January onwards. We may get them monthly, but more likely quarterly.

Safety, of course everything has changed!

We now have funds to progress Régua, without taking away our focus on ramping up LP.

Whatever tonnage we make for December, I can see us producing 50-60 tons concentrate in January and 100+ tons in January.

Serious cash inflows on the horizon.

:-)

Pantelion, there were a couple of Spanish investors in a smallish placing, which several existing investors, including myself, objected to. We especially objected to the 0.4p warrants issued and asked for that not to happen again.

Now we have €500k from Caixa Bank and $5m from Blackrock, with no further dilution. Every investor should be happy that we can now kick start Régua and look forward to AT LEAST $20m ebitda in 2020.

Good ‘ere otra vez.!

Full steam ahead.

Blackrock does extremely long and detailed DD, so I expect this additional loan was always part of the master plan.

Rod, I agree.