Member Info for K3VMC

The 800km2 IS the organic expansion. There is no need to spend money on ORM, or any other overpriced asset.

Spain covers a massive area and is geologically rich. Mr Masterman will have many opportunities, although I have no more insight into his thought processes than you.

The La Parrilla license is 800km2.

Just saying.

Tempting as it must be, to use the 0.26% tungsten content as the only metric to make ORM look a lot better, Logic dictates that you should consider ALL the metrics involved.

Dr Ryan Long of Northland Capital has produced an excellent, authoritative and in-depth analysis of WRES, compared to about 20 other tungsten mines. Mostly the data is in graph form, but the opex of WRES is clearly shown to be about one third cheaper than ORM. About $50/mtu cheaper than WRES.

ORM only has 30% of the project, but we have 100% of La Parrilla, PLUS all the other assets.

ORM has three times the total WRES debt. Since WRES is spending $25m on La Parrilla, ORM then has FOUR times the La Parrilla project debt.

If I were in ORM, I would be selling to invest in WRES. I will not be suggesting that to ORM holders. If they work it out for themselves, fine. Otherwise, they can watch us over he next two months.

Langtry!! Ask me!! Ask me!!

I think that ORM had 30% of the mine, but 100% of the $98m debt.

ORM has a better shop front than ours. It also has no history of regular placings.

Enough to justify a tenfold premium?

Ormonde has a 30% interest in the Barruecopardo Tungsten Mine, located in northwest Spain. Barruecopardo is a fully permitted and fully funded mining project currently being developed through a US$99.7 million funding package agreed with Oaktree Capital Management (70% interest) in 2015.

ORM has three times our debt, but only a third of our initial output, but two thirds of our mcap. ORM opex is also higher than our opex

Basically, if ORM and WRES were to be valued on the same metrics, WRES sp should be 4-5p.

Happy to listen to contrary opinions.

Troajan, I’m not sure what you mean by “daily volumes”. If you mean the ones on LSE, there is only a “sold” and a “bought” quantity. Since this was at mid price, there is nowhere to add it to.

Am I missing the point?

No jaf, not old like the big green separator.

I made a mistake, identifying that as new, and I immediately apologised for that.

This is most undeniably new.

As long as it was in the past, and not taken 12 months from now, I’m happy!

:-))

I have no idea.

Is that important?

I think it is excellent news that ANGS has been forced to remove a spurious reference to Gareth Southgate, which was a blatant attempt to detract from the massive risk that drilling a few holes into out very fragile Earth, risks bringing death and destruction on a massive scale to England and most likely half of Western Europe.

I hope these academics were wasting their own time and not our education budget.

Congratulations on the new TR-1.

I’m with you in spirit!

Congratulations on the new TR-1.

I’m with you in spirit!

I am impressed with how the team has progressed the plant build throughout the heatwave. Definitely on a mission to get La Parrilla into production, soonest.

Just a few weeks to the site visit, then a few months to switching on the money fountain.

https://twitter.com/wresourcesplc/status/1030337306178117635?s=21

You may be right!!

How about a RNS that says the amount of dirt removed on the soles of contractors’ feet has been more than replaced by dust carried on winds from the Sahara?

I am sure they will update, if they find anything has changed.

I do not expect a RNS saying that they have no news!

Wres has reported what they know.

Bob, neither a jot nor a tittle.

They said they had no notification of it being dissolved. No trace of Hansource in their system. I sure it has been dissolved, but The Crown Bona Vacantia has no knowledge of this, nor were they interested in going to look for them.

The number is on www.gov.uk