Member Info for K3VMC

I agree it was as expected, even though it is a bit earlier than I expected.

It doesn’t say anything about the new equipment, though. We are still using the old concentrator, but with double the spirals and more shifts. I expect the new crusher commissioning news to follow shortly, since the TPI evening is on Dec 10th and Christmas is looming large.

We should get meaningful figures for FY 2018, giving us some clues for FY 2019. If we only ship 2500 mtu by the end of the year, that should be about $500k, which will pay for the mince pies.

“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.”

Mmmm.

Any views?

Safetyman, point taken. That’s what 30 years in IT will do to you.

stealthy, mid-September only had weekday day shifts on the go. That goes to two shifts, then three shifts per day, then weekends, as employees are taken on, so production from tailings is probably still ramping up.

I would think that new employee contracts will start in the new year, when the new crusher circuits will be working. The €5.3m grant cannot be many weeks away. That will be very nice to have, on top of the INCOME FROM TUNGSTEN AND TIN SALES.

$4.5m/month sales, $2.79m/month net revenue, once the operation is ramped up.

Anyone care to check my arithmetic?

2,500tonnes/year = 208tonnes/month (target)
$285/mtu APT * 0.8 = $228/mtu WO3 (assumed)
$94/mtu opex (estimated)

20800 mtu * $228 = $4.75m/month sales.
20800 mtu * ($228-$94) = $2.79m/month net revenue.

$180,000 extra in our bank account this week.

Plus one more week closer to $3,000,000 revenue per month.

Let’s see how long the mcap is less than annual revenue, shall we? P/E of 5-6 suit everyone, for starters!

Never listen to trolls.

I’m going with “Monday”.

Seriously, at least we are talking weeks now, not years.

Christmas is coming.

Unless you are Mr Carney, you have to take money from somewhere to put it somewhere else.

I believe that Miton are accumulating. Let's wait and see how many they TR1, when they get round to doing that.

Tonlin, we have waited years to get to this point, so I am going nowhere!

If we all had the experience and financial clout of Miton, we too could have waited until now to wedge up and muscle in, but we haven’t and couldn’t.

Mr Masterman and an army of PIs bought in placing after placing and went through all the trauma of the sp being manipulated over the years. There is zero chance of me walking away from this, just as fat cats arrive for the cream.

Zero chance.

ATB

Well, your example, really. I'm just a bit slow.

I was trying to give Beast the benefit of the doubt. My mistake.

If someone joins a board and only causes arguments, then they are up to no good.

Filter and forget now. Our engagement is his triumph. I will not contribute to that.

“The early completion of the crusher in the Q4 2018 allows us to accelerate tungsten production from La Parrilla in three decisive steps. The first step is to start production from the existing concentrate plant. We will then significantly lift production rates in the New Year with first crushed mine feed being fed to the existing concentrator which will in turn pave the way for production from the new large scale concentrator in Q2 2019."

And what do you get?
Another day older and deeper in debt.

I could have guessed that would be my song.

Classic!

In the interest of protecting the “innocent”, henceforth I shal be known as Rupert!

I believe that MMs are short of stock.

"Remarkably, despite La Parrilla’s quality concentrate and excellent geographical location, the share price has not responded to the Project’s advanced stage of development and now looks considerably undervalued compared to Northland’s price target of 1.2p per share."

Bob, you should go read up on some tungsten miners. Take your mind off Sooty, just for a little while.