Member Info for K3VMC

The Northland report is very well written by Dr Ryan Long. Thirty six pages of background on WRES and the tungsten market, with comparisons to another 20-30 tungsten miners, but very readable.

Their target sp is 1.8p, but they have to be conservative. Good sp for starters.

Nothing wrong with work. I used to do that kind of thing myself.

After the Extremadura grant of €5.3m, WRES will owe under $30m, compared to ORM’s $99m, so about 30% of your debt.

We will have a 270,000mtu/year capacity. I think Barracuoperda is less than that, but ORM only has 30% of that.

The mcaps are roughly the same, regardless of those facts.

Guys, now I think of it, if you dm me on here, or follow me on Twitter, and send me your email, I can send the Northland report by email.

You always have an eye for a bargain!

Who cares about a 3m seller?

We will be producing more concentrate in 2019 than ORM, with their 30% of Barracuoperda and we have one quarter of their debt.

I am here for dividends. In 2020, we can have dividends. The longer the 3m seller stays here, the more shares I can buy, the bigger my dividends will be.

You cannot have a miner with ebitda of $20-40m dollars and a mcap of £25m.

The original forecast used $245/mtu, but the price INCREASED by about $100/mtu, so the gross increase in revenue SHOULD BE another $20m/year, roughly speaking.

I usually keep that to myself, as I would hate to be labelled as a ramper, but since RR and Jaf have highlighted the topic of price predictions, I thought I would share, just for once.

And odds-on for a dividend in 2020.

Safetyman, I started my weekend already. Happily in Great Malvern, but sadly for a funeral.

Life is too short to bandy words with trolls.

Outside chance of a dividend in 2019.

:-))

And if you have no goo, enjoy it anyway!!

The biggest and most profitable tungsten mine in Europe!

Goo weekend to all!!

Twelve trucks.

https://www.euractiv.com/section/electric-cars/news/blossoming-batteries-boosted-by-eu-plan/

“The Commission will aid prospecting efforts in Portugal, where lithium deposits, a crucial ingredient in electric vehicle batteries, are plentiful and Finland and Sweden, where cobalt can be “surprisingly” sourced.”

May be a chance to tap the EU for some drilling grants on out Portugal assets.

I can’t remember anything from WRES regarding Lithium, but I know Plymouth Minerals have a deposit near Caceres and I know the La Parrilla licence is 800 square kilometres, so there could well be some Lithium dotted about within that. La Parrilla is a huge licence. Once we get $20m+ free cash flow, who knows what we will turn up there.

Thanks Wassat. No commissioning date that I know of, but with the amount of plant being delivered and assembled, I expect production this side of Christmas. They took delivery of the secondary crusher first. Maybe the tailings can finally be used? We have a recovery circuit just for fines, so getting that up and running would make for rapid cash flow.

Silly price now. I have more funds coming within weeks, all bound for WRES at these levels. Or higher. Anything under 0.6p is good for me.

The only doubt here is the three million seller. My guess is that someone has been a bit crafty here and bought more than 3%, not declared and is back-pedalling before they get sussed. They probably have loads of warrants at 0.42p, which is why the selling stopped at 0.43p.

No reason why WRES cannot be 5-8p in six months. More if we get a maiden dividend in 2019, WHICH WE DESERVE!!!

Is that why they call you safetyman?

:-))

Troajan, at no stage in my entire adult life have I NOT been in trouble, one way or another.

Jaf, I agree with you 100%. I have lost at least that much by being taken in by lying con-artist CEO’s.

Difference here is that Mr Masterman, his pension, his wife, his friends, his employees, all have skin in the game. I learned the expensive way, that .CEO’s can lie and figures in annual reports can lie, but I have been to the site and spoken to the key employees. There is no reason for this to be a scam. There are so many millions to be made here, so there is NO logic in making a scam of this, when the reality will be orders of magnitude more profitable!!!

Can you see any sense in the above? At all?

Yes. Working on getting more funds.

Executed at 0.427p.

May not be printed for a while. Lol.

Production a few months away.

Order in for 5m.