Member Info for K3VMC

Of course it’s a world class mine. State of the art plant, treat infrastructure, water resources and access to market. The current JORC is HUGE. As Barney Gray put it “Measured, Indicated and Inferred resources is 49 million tonnes (Mt) at a grade of 998 parts per million (ppm) tungsten trioxide (WO2) and 110 ppm tin.”

Then you have to remember that the resource is open on ALL sides, so there must be more than 49 million tonnes.

Also, are you the poster who insisted there was no such thing as a concentrator?

Tonlin, A+.

Wres would not be advertising for more mine staff, if there was a serious problem.

Remember how much skin the bod has in the game.

Chill.

Langtro, I completely agree with you, for what it’s worth. I have gone on to loads of boards and been put off the stock, because I couldn’t decide who was telling the “tr7th”.

It’s only my knowledge of the company and the personnel that makes me so positive with wres.

Yes, ok!

On a serious note, the ORM 2018 results looks a bit grim. About €350k cash at the end of the year? Can they borrow more from Oaktree?

Really? Why didn’t you tell me?

You worry about your own stock. Wres can look after itself. At least it is mining ore, not dirt.

Mcap increase percentage by Christmas Day, ORM v WRES.

What do you say?

Still ducking the mcap bet, ORM V WRES?

So, what was it?

Two 9m sales?

Nah.

Tungder, please don’t go!

You brighten up my day!

Even the CEO had to Chuck in $6.5m, just to keep the lights on.

GIT, it doesn’t really matter how low the rate is. They are years from production, and their current operation was loss-making even at $350/mtu.

We can make money at that price, but Almonty cannot.

Tungder, sorry pal. Did I hit a raw nerve?

Tungder, you are leading us to laughter, not slaughter.

L200

You only think you know everything.

Almonty made a loss of over $10m in 2018, with WO3 at $350/mtu.

Almonty will lose even more money in 2019, with gross revenues dropping from $65m by $30m due to the drop in W price.

I read over the latest TP research last night and noted the high grade/low cost start up at Régua.

“ W has outlined a development plan for Régua targeting production of 1,300 tpa of tungsten, the commencement of which could be fast tracked in 2019. This would increase the company’s aggregate long term tungsten production profile to over 3,800 tpa assuming that La Parrilla scales up to target capacity by the end of 2019.
Régua is expected to be a low cost project as the company will be able to access high grade ore from the surface via two existing adits (horizontal passages leading into a mine for the purposes of access or drainage). Run of Mine (ROM) feed grade for the first two years is estimated in the mine plan to average 0.43%. This is high by global standards and adjudged to be three times that at La Parrilla.
It is planned that the ore will then be trucked to a nearby third party crushing plant at a granite quarry and then processed through to high grade concentrate at a new modular concentrator to be built by W on the site of the crushing and waste disposal facility. This provides the base for an estimated trial mine start-up cost of around €2.5m.
The Régua deposit has a project life of 7-10 years although W believes that there is significant longer Term potential to boost tungsten production to 3,700 tpa and extend the mine life through further development work.”

So, start up for €2.5m, with W building a new, modular concentrator. Start up will now be even cheaper, using the relocated concentrator from LP.

Too right Langtro. 2018 gross revenue of $65m will be close to $35m in 2019, so will probably have a loss of $10-15m.

Meanwhile, we will be making profits on 200tpm.

Maybe it was the same person who recognised Mr Masterman, Mr Garvie and Mr Scott at the RAC Club, then phoned DH to inform him that they had a meeting there?

DH, I’ll do a deal with you.

Every time I call out a troll, or make a positive statement about wres, you can do your nah, nah, nee, nah nah bit, then I can tell you to get over yourself.

Everybody makes mistakes, even you with your 0.3p rubbish. At least I admit mine and apologise.

It’s a grown up thing, you see.