Member Info for K3VMC

Congratulations Bob! New life puts things back into perspective.

Will either happen or it won’t. I won’t fret over something I can’t fix.

Onwards to ramp up and profits.

Imho, obviously.

L200, so you have no figures to back up your $145/mtu.

Fair enough.

Jaf, I was, and am, always prepared to supply the logic and detail of my calculations, whether you agreed with them, or whether they turned out to be wrong, as the project developed.

As board monitor, you should know that!

L200

“No he didn't say that figure , but you can figure it out by the figure he did say about output and income.”

How do you figure that out? Just asking. If you post a figure, you should be able to back it up.

TT

“Stop selling you MUPPETS!!”

You were the one posting negative comments, day after day.

Why change your tune now?

Dinoken, WRES looked at the Hemerdon mine years ago. They reckoned that it would not be economically viable, given the mineralogy, cost of extraction and proximity to housing. The fact that WLFE failed, only reinforced that view.

There is a lot more, pristine equipment to be had on the cheap, but I have no idea if WRES is trying to buy any more of it.

RIP Wassat.

Well said Bob. Absent friends.

Employment will not go to 200 employees. That was some hype in a local newspaper, resulting in hundreds of cvs being submitted.

Wres has all the employees required to get the €5.32m grant.

Safetyman

“However, at the moment I know of at least a couple of regulars that have sold some here to go and play in BUR with the intention of coming back.”

I’ve checked. The sales from this morning have nothing to do with BUR, BIDS, or any other stock.

Pete

And no, you were not talking about processing inefficiency.

“Unfortunately that assumes the process is 100% efficient, whereas you’re likely to be closer to 50% I’m guessing. So now you need 6666 truck loads a month or a round trip for each truck of 18 minutes 24/7.”

Try to remember what you post, since the evidence is still there.

Have a good day.

*have no knowledge

Pete, if you gave no knowledge, then one guess is as good as another. I’m not going to criticise you fo that.

I’m just going with the figures I’ve been given by the company, which make sense according to my arithmetic.

You asked me a specific question, which I answered to the best of my ability and knowledge.

Pete, I have no problem with the validity of his question.

You asked me a simple question and I answered it. I can see no bottleneck due to mining and trucking.

We pay for tons of ore mined and delivered to the Rom pad. Nothing more. Truck maintenance is down to the contracted miner.

If you choose to think that filling a truck with ore and delivering it to the crusher on a sub 1km round trip can be 50% inefficient, that is your choice.

Pete

Assume the grade to be 0.1%, to simplify the arithmetic.

For 200 tons per month product we need 200 / 0.001 (1%) = 200,000 tons ore per month.

Each truck is 60t, so we need 200,000 / 60 = 3,333 loads per month.

At 24/7, we need 3,333 loads per month / 30 days = 111 loads per day.

I believe we have three trucks, of which we saw two in the video.

111 loads per day / 3 trucks = 40 trips per truck per day.

At 24/7 each truck makes 40 trips per day / 24 hours = 36 minutes per truck load.

So, roughly speaking, each truck gets 36 minutes to be loaded, drive 0.5k to the ROM platform, dump rock in primary crusher hopper, and drive 0.5k back to the quarry.

Open to other views.

Mr Masterman. I don’t understand the last bit of your post.

Hbob, you were asking about the proposed power line upgrade. The LNG plant replaced the need for a new power line, as I posted earlier. There’s no need to RNS anything about that, I am told.

dreamingof

“Drop in sp....my take away is like British rail...we getting there,”

Agreed.

“ if lucky we may get to .5 by Xmas...”

Shard reckons we should be 0.75p, before production, so just on 80% of nav. If we are delivering just half of the 200tpm, we will be on over $2m per month gross, so 0.5p is about half our target.

“.I still don’t understand if we borrowed more than we needed to, we are supposed to be fully funded, we are selling tungsten, we are under budget, we borrowed against the grant, we should be receiving compensation from the contractor for the delay and yet....we have to capitalize interest....why?”

I don’t know why, but Mr Masterman says he wants a strong balance sheet. That is a very good reason for what he has done. If there is a real reason for that, I don’t know what it is either.

“ I know that the bar has been set so low that people get excited because MM speaks but can you appreciate why the sp has fallen....”

I don’t get excited when MM speaks and I have absolutely NO appreciation of why the sp has fallen, except that the market is rubbish right now.

Chaser, my mate is ex Met Chief Inspector. Just ask the simple questions. The ones that are difficult to answer with another question.

If the simple questions cannot be answered simply, you have a lead.

I apologise. If you posted “around six months late”, then I should have replied that “around six months late is not correct”, instead of “six months late is not correct”.

Regardless of that you say you expect of me, I repeat my simple question.

If costs are either fixed, or variable, dependent on tonnage, where can you see significant extra cost in opex?

Very, very simple question.