RE: We are in a good place7 May 2019 08:38
DH
“Simple. WRES is barely in production.”
WRES has been producing since December, shipping out 50 tonnes of concentrate by February 5th, 2019, increasing thereafter to 20 tonnes per month.
“ Its current volumes do not cover its current costs.”
The 50 tonnes, plus 20 tonnes per month since February will have brought in $2-2.5m. Since you have no idea on current costs, you cannot prove that income does not cover costs. Remember, WRES is making NO interest payments at present.
“Production levels are unproven and its behind its original build schedule.”
Mr Masterman has told us what production levels are. 20 tonnes per month, doubling to 40 tonnes per month with Jig and Mill working. Yes, plant build is a month or so behind schedule.
“The market lacks confidence that this will be corrected anytime soon.”
That’s just a vague statement, unless you have surveyed a significant sample of investors and are prepared to define “anytime soon”
Do you want me to go on ?
Of course! Well, I do anyway. I don’t know about anyone else.
ps Bob, do you compost couch grass? Perennial weeks? If you have any, that is!