Member Info for K3VMC

ORM had a mountain of overburden to shift, has a mountain of debt, but has not sold an ounce of tungsten, yet it shoots up today!

Go figure.

I have sourced a venue (aka hostelry).

Please follow me on Twitter to discuss.

:-))

Bobtree, I have complete confidence in the commitment of LP management and staff, based on stunning progress to date and meeting many of them in September, as you did.

We could see the conveyor belt in the top right hand corner of the photo of the first tungsten shipment, which was made almost a week ago. They said the crusher will be commissioned in December and I am sticking with that.

Before Christmas would suit all concerned.

Troajan, WRES well bid over the last three days.

30% of just one asset, which has less resource than LP, three times our debt, their mcap £1m less than ours.

Go figure.

Today’s news was not news, just confirmation of previous news.

The next news might be confirmation that the crusher circuit has been commissioned in December, as scheduled

Alternatively, it might be news of what WRES will do with the £1.5m placing. Within weeks? Was that what the RNS said? Has to be before Christmas, imho.

Lots of news to come, even before production ramps up next year.

Tonlin, you can easily join Twitter.

If you don’t want to do that, I will post the venue on the afternoon of the 10th.

"Despite this positive news, La Parrilla’s quality concentrate and excellent geographical location, the share price has failed to respond to the Project delivering on its advanced development stages, which makes them appear significantly undervalued. Northland has set a price target of 1.2p per share along with a Buy recommendation.”

Dear all, I have sourced a venue for a pre-TPI investor evening WRES shareholder meet-up.

Please follow me on twitter and we can discuss. I do not wish to post the information in troll-world.

itsonelouder, I fully appreciate what you are saying. I would not expect the first MTU to be produced ant $94 opex, which is why I quoted an annual figure.

I fully expect the opex to be BELOW that figure. come April 2009, but we will not be able to get a completely accurate figure until H2 2019.

easy jaf!!!

mogwhy, please read my other posts.

Thank you jaf. The figure of $4.75m is the gross revenue per month. I rounded it down to $4.5m per month, as I like to be conservative with my figures.

Net revenue, assuming the $94/mtu opex has not been reduced to $64/mtu through operational efficiencies, as some have suggested, comes out at $2.79m/month, being $33.5m/annum.

A prospective p/e of about 1.

$4.5m EVERY month.

And to be clear, I meant 10 lorries per month carrying 20 tonnes EACH!

mogwhy, no, no, no, no, no!!!

I posted SO many times that Hansource still had their holding, that HMRC bona vacanta department had told me TWICE that they had never heard of Hansource, were not interesed in Hansource. I posted several times that Mr Masterman had said publicly, at the AGM, that WRES had asked Hansource about their holding and that they had been assured that Hansource had their holding and had no intention of selling their holding.

In the end, I just gave up and let everyone get on with it. There was a particular school of thought that said "Only Hansource has enough shares to do this, therefor Hansource is doing this". My view is that it was being shorted by a market maker, personified by GFFRoy, but I have no proof.

Not, Not, Not Hansource!!!!!!!!!

Yes ronnie. I agree eight tonnes.

By April, there should be 10 lorries per month, carrying 20 tonnes, total price of $4.5m.

That is $4.5m each and every month.

Hansource still have their original holding. There was never a sale by Hansource.

$4.75m per month by April, based on the forecast of 20,000 mtu per month.

I haven’t gone.

I would not have bought at 3.4p, but this drop is well overdone, as happens on aim.

Boom had to spend cash to get content back, but podcasts are the future of audio. Listen to what YOU want, when YOU want to listen. They are on the same curve towards profitability, just delayed.

All in my very humble opinion, before any lurking troll shoots at me.

:-))

One more positive from the RNS is that we might now get some column inches about being in early stage production. Start ramping up the PR.