Member Info for K3VMC

Beast, you and jaf seem to have a big problem with keeping up!!!

Try listening to interviews as they as given, then you will not have to rely on me to tell you the latest.

Research more, troll less.

Bored with playing now. Have a nice day.

Same as you Moggy.

That was a range, around $570,000, being 2500mtu*285*0.8.

To get to ebitda, as you did, we just have to remove the $94/mtu OPEX. As Beast may choose to point out, OPEX may well have improved due to improved process flow.

Beast

“So many assumptions and blue sky thinking.”

I am assuming the current APT price and the expected production levels, as reported by Wresources. Nothing more. You think multiplying one figure by another is blue sky thinking? Wow!

“It will not produce the levels that you are talking about in the foreseeable future.”

You cannot foresee the next six months? Wow!

“In fact as I keep explaining, this is all just theory.”

Thanks for the explanation. I think we understand now. Multiply production by price. Cheers!

“Unproven numbers.” Well, the APT price changes on an ad hoc basis and yes, the whole plant could disappear down a sink hole and production would be zero.

Play safe. Wait another six months and you will KNOW what the figures are.

:-))

“Commence concentrate production from existing concentrator using tailings feed. Production has commenced and is expected to reach 10-15 tonnes per month ("tpm") from November 2018 with first shipment planned for December 2018.“

So, let's assume the middle case - 25 tonnes (2,500mtu) total by the end of the year. At $285/mtu, we could have $500,000-$600,000 as a Christmas present.

Feliz Navidad Wresources!!

Ok jaf, no problems from me!

Akramms, we get 80% of the APT price.

250,000 mtu * ($300 * 0.8) = $60m sales.

The original OPEX was put at $94/mtu, but seems to have been lowered since the presentation. I like to err on the side of caution, obviously, so I am happy to use that figure still.

Jaf, I am always happy to help, but to be fair, we have had mane discussions about you insisting on using out of date data.

Beast, I will repeat the part of my post that you obviously have trouble understanding.

“What is misleading about that? That is an arithmetic operation based on two basic inputs. Production and price.

What can you possibly object to in those figures? Price can go up or down, obviously, as can the output, but those figures are perfectly possible.”

Twist that if you can.

Jaf, happy to help.

“Can someone please explain to me why the May presentation talks about 184,265 mtu in 2019 and this latest RNS talks about 2,500 tonnes per annum of tungsten concentrate. What is the relationship between these two types of measurement ?”

2,500 tonnes is the same as 250,000 mtu. The figure of 184,285 was an assumption at the time, which had to be tempered, as the plant had not been designed in detail and development was subject to funding. As time passed, funding was forthcoming, equipment orders firmed up, project plans advanced, and the level of uncertainty decreased, allowing estimated to be made with greater confidence.

I have tried to explain this to you before. Things change.

Beast, I will wind nothing in.

Since you trawled back through 44 pages of my posts, you could have posted my reply to jaf1948, who was also unhappy with those figures.

“You are a strange old cove!

The plant is capable of 270,000 mtu per year.

The price for WO3 concentrate is around $280/mtu, bst on $350/mtu APT.

Stated opex is $94/mtu, making ebitda $186/mtu.

270,000mtu x $186/mtu = $50,220,000.

What is misleading about that? That is an arithmetic operation based on two basic inputs. Production and price.

What can you possibly object to in those figures? Price can go up or down, obviously, as can the output, but those figures are perfectly possible.

You really should have bought in at 0.26p. Is that what really upsets you?”

Clearly, that post was based on the APT price at the time, but there is nothing wrong with the arithmetic involved.

On a current APT price of $285/mtu, I would estimate 2019 ebitda at $36m, which is a p/e of about 1, based on the current sp.

I am happy with what I post and happy to be challenged on it, but WHEN you twist the truth, I will point it out.

Beast, you are the one making the claims.

Put up or shut up.

Devilsbeast

“All of these have been purported as being key milestones and triggers of this share taking off. How many "Wait until" posts have been made?”

Prove that statement.

The is the EBITDA/mtu.

Chartist2, your three previous posts are all about how to post!

Please stop cluttering the board.

Also, why are you replying to inkisblue on this thread. This is the wrong thread.

Please try to post responsibly.

$135/mtu.

Buy recommendation reissued today.

Target price 1.2P

Really annoying!

BigEvi, we have to ask ourselves if the JORC delay was down to Golder. We would not be hiring another firm to complete the job, if there were no problems. That is the way I see it, anyway.

I am very happy to see La Parrilla finally getting some income, but this is just the start of a long, and I trust, exciting journey.

PIs will be in and out of this on a daily basis, but it is the IIs that will propel the sp upwards, and this is a very timely RNS, given that WRES has the opportunity on Thursday to network at the 121 event on Thursday. Almost 50% of the shares in issue are held tightly, so I am hoping for a significant re-rate, if IIs are now motivated by expected profits in 2019.

Sad state of affairs.