Member Info for K3VMC

DH

“How long can WRES keep going without yet another cash raise ? You cannot ignore debt and interest.”

And you cannot ignore income, profit, renegotiated loan and reduced interest.

As I posted. At one time, the interest might have been $100k per tonne. Now, it is less than that, and with a project payback of two years, the interest will be $0k per tonne.

DH, you are getting desperate now!

“Interest accrual is Circa $500k per month. That $5000 per ton in interest accrual.”

At some points, production has been a few tonnes! I guess the interest accrual then was $100,000 per tonne!

As the FID states, the project payback is two years.

Posters here are not stupid enough to fall for $5k per tonne interest payments.

Try again, o invested one!

DH, you are getting desperate now!

“Interest accrual is Circa $500k per month. That $5000 per ton in interest accrual.”

At some points, production has been a few tonnes! I guess the interest accrual then was $100,000 per tonne!

As the FID states, the project payback is two years.

Posters here are not stupid enough to fall for $5k per tonne interest payments.

Try again, o invested one!

So what? Every loan costs interest!

Great news! We will have more than enough cash flow to cover the interest and then get a much cheaper loan from, for example, Caja Rural.

Next!

Try going back to, “Wres will never get funds to build the mine”. Or even further. “It’s only dirt”.

Your time will also pass.

Mogwhy, the European prices are higher because Western Governments want to foster domestic production over supplies from China, hence the grant.

China tried to destroy foreign tungsten production, the same way they have destroyed steel, by dumping. Obviously, the US has taken steps to reduce both practices.

Try reading the article properly.

“All APT producers that are selling below Yn140,000/t are losing money because of firm concentrate feedstock prices resulting from tighter availability.”

Fiscal year has nothing to do with anything.

What counts, now, is cash flow.

If we hit 100tpm In Q3 That will be positive cash flow of $1-1.3m per month. We should be at 200tpm in Q4, so $2-2.5m per month.

No GIT, we all remember the plot AND the character list.

TT, much better! Mix it up with some sarcasm or irony. Keeps it fresher and oh, so much less boring.

ATB

chiefjester, I’m sure you have seen a time lapse concentrator before.

Not this one, though. This is new.

It doesn’t matter if you hold five figures or eight. If you don’t trust the CEO, best find another stock you can invest in.

All the best!

DH, your objections are irrelevant.

“The production numbers are hypothetical.”

All numbers in the future are hypothetical. Figures I use are well within the capacity of the brand new plant.

“The production costs are hypothetical.”

All numbers in the future are hypothetical. Costs confirmed low, after trucking contract signed.

“The project is heavily delayed against the original timescale.”

Delay is understandable on a project of this size. Name one mine that has been produced on time. Delay is not failure.

“Cash raises are commonplace.”

Cash raises are why AIM existe, but have NOTHING to do with ebitda. Since you are still claiming to be a shareholder, the prospect of another cash raise obviously has not deterred you.

Just exactly WHAT am I desperate for? I continue to ADD to my holding, so trolls are actually HELPING my investment. If I were inclined to behave like oldskool, I would join in with trolling wres, but that would be inconsistent with me being a long term investor. Actually, a nice rise as we approach production would suit me, if it relieved the board of trolls. I understand that you claim to be waiting for a spike, so you can sell out, but I’m sure you can think of another excuse to be a remainer, so I will not get my hopes up.

:-))

32.5m ebitda in the 12 calendar months following full ramp up.

2,500 tonnes = 250,000mtu WO3

APT = $280/mtu

WO3 = APT x 80% = $280/mtu x 0.8 = $224/mtu

Ebitda/mtu = $224/mtu - $94/mtu = $130/mtu

Ebitda = ebitda/mtu x mtu = $130/mtu x 250,000 mtu = $32.5m

So, ebitda roughly the same as mcap, as previously posted.

What particular calculation do you object to, oldskool? You can chose from one or more of:

A. Production of 2,500 tonnes, as given by Mr Masterman.
B. Costs of $94/mtu, as given by Mr Masterman.
C. Current price of APT of $280/mtu.
D. Sale price of WO3 being 80% of APT price.

Even at $245, mcap is $150m and the sp is 2.25p.

Happy as a pig in whatsname, if we 5 bag.

Spot price was $280.

Using an average of $260 gives me an ebitda of $28.5m x p/e of 6, mcap of $171, sp of 2.85p.

I can live with that!

:-))

I will take your word for that.

On June 6th, the spot price was $280.

Stuff goes up, stuff comes down.

$46m ebitda, p/e of 6, mcap of around £220m.

Sp around 3.6p.

Looking very good, over the next 3-4 months.

$280/mtu was the spot price on 6th June.

Of course the price will change.

Every $5/mtu change means $1m in ebitda, up OR down.

Wresources website claims projected prices in 2022 could be $455-530/mtu, but I am very happy to see an excellent profit at $280/mtu. It it only climbs back to $360, I make that $46m ebitda.

$32.5m ebitda in the 12 calendar months following full ramp up.

2,500 tonnes = 250,000mtu WO3

APT = $280/mtu

WO3 = APT x 80% = $280/mtu x 0.8 = $224/mtu

Ebitda/mtu = $224/mtu - $94/mtu = $130/mtu

Ebitda = ebitda/mtu x mtu = $130/mtu x 250,000 mtu = $32.5m

So, ebitda roughly the same as mcap, as previously posted.

What particular calculation do you object to, jaf? You can chose from one or more of:

A. Production of 2,500 tonnes, as given by Mr Masterman.
B. Costs of $94/mtu, as given by Mr Masterman.
C. Current price of APT of $280/mtu.
D. Sale price of WO3 being 80% of APT price.

I provide these calculations to balance some of the recent negativity posted here.

I said I was puzzled, not worried.

And well done for £10k+ profit in WRES. I certainly cannot say the same.