Member Info for K3VMC

jaf, just checking you are still stalking me, but as I said, nothing personal.

savvysage, Mr Masterman watches over every expense. Those trucks would not be costing money and doing nothing. The fact that they are there means that they are being used, which means that output will be up and sales increased.

And before some pedant tells me there is no proof of that, let me add that I really don’t care what you think.

Nothing personal, of course.

Rodrod, glad you decided to join our mostly merry band!

I can safetyman.

The only issue is potential surveillance.

Is renewed every year.

PERE pays for the mine in stages, AFTER it mines a certain amount and copper reaches a certain price. It has lined up 2 x $5m investments in exchange for two thirds of PERE.

I think the mine will cost $20m instead of the $37.5m they agreed before the copper price fell. Great news for me, as I had written that investment off.

Troajan, you have some PERE?

I must admit, I had kissed that one goodbye, but looks like they got a decent deal there.

Jaf, most of us have moved on now. A lot of the past trolling was about how Mr Masterman was untrustworthy, going to take the company private, using it as a funded lifestyle. All water under the bridge now, whichever side of that argument you were on.

Now we have dozens of tonnes of steel at the mine. Top notch, brand new crusher, Jig and mill, and to be completed this month, concentrator. Nothing to do with personality. Everything to do with how long it takes to fill those three sixty tonne trucks with ore and how long it takes to drive them 100m, then up the ramp to the crusher. Up, down, up, down, up down. Every truck $780 revenue at yesterday’s APT price of $280/mtu.

Can something go wrong with the kit? Probably. Will it stop the mine for long? Probably not.

Wait for more certainty, by all means. If you wait long enough, I can sell you the load I bought at 0.28p.

ATB

oldskool

“K3. This is the board of assumption. Why assume they were sat with everyone else? All I will say is you didnt know everyone there or perhaps not as well as you think.”

Yes, I knew everyone there, apart from the latecomer.

I am using the spot price for APT.

I am using the FID for opex.

Any other figures would be arbitrary.

I used the 2023 projections from the Wresources website, which I identified as such.

I really cannot see how you can object to the spot price and the quoted opex, BUT I am very happy for you to CONTRIBUTE, rather than CRITICISE.

No offence meant.

Jaf, who ramped, just out of interest?

I simply calculated the value of a sixty tonne truck load of ore, using average ore concentration, spot price, published opex and projected figures for 2023, as stated on the Wresources website.

Anything wrong with that?

Oldie, did your agm friend is the habitually late attendee?

L200, yesterday’s spot price was $280/mtu.

$280 x 80% = $224/mtu

$224-$94=$130/mtu

60tonnes x 1000ppm / 1m = 6mtu

$130/mtu x 6mtu = $780

Now, I was only told the spot price verbally, so I can prove nothing. Using your figures gives $684-732/mtu, so I have absolutely no problem with you using your figures and me using mine.

Jaf, I am always open to challenge on figures, you know that!

I used yesterday’s spot price of $280/mtu APT and the $445-530/mtu APT from the Wresources website.

The $280/mtu figure is well BELOW the figures you quite, so I cannot understand what you are complaining about.

Way over what?

Safety, that was an excellent lunch. I’m happy to go there on the 28th. We should book it this time.

Sorry jaf.

I missed out part of your post.

I used the 2023 estimate as it is the only figures they provide.

Going solely on the basis of the GME website, I believe they are proficient enough to fill a 60 tonne truck with ore, from day one. Do you think they are not competent?

Had, I’m using $94/mtu all in costs, as I have done since Wresources quoted them. Mr Masterman confirmed costs today.

Would you like me to use a different figure?

Every time one dumps sixty tonnes in the hopper, they turn the handle and 6mtu of WO3 comes out the other end. That is worth $780 at yesterday’s spot price of $280/mtu.

If you plug in the 2023 projected APT prices from the Wresources website, $445-530/mtu, you get a truckload value of $1620-1980. Of course, these are only projected values, based on average ore content.

Keep them doggies movin’.

Whole lot of crushing going on.

:-)