Member Info for L200

It is like biting off the hand that feeds you !

Don't get me started with sheep farmers.
The majority of sheep farmers voted for Brexit, they all rely on exports to the EU for their sheep meat, they also rely even more for the subsidies they receive again from the EU.
It is like Turkeys voting for Christmas !
The sheep farmers that voted for brexit are as thick as 2 planks.
mformore for for

Orm are in a situation not any better or worse than Wres are.
Prices need to rise, end off.

Where do you get the figure of 5.32m of cash from ?

And before you say anything Kev, yes Orm are in the same boat if these prices remain.

I have not included the Tin income.

"Wres is a money making machine "
I agree with your $50 per mtu profit margin , but are you not going to take in account the interest and capital repayments ?
Rough figures, $50 profit per mtu x 200,000 = $10,000,000
Interest payments 12% on 40,000,000 euro= 4,800,000 euro, =$5,280,000.
We now have less than $5m to pay the capital back per year, it will take around 9 years before we are square !.
I think the mine has a 11 year life span.

I am sure he is incorrect in the number of spirals wres bought.
72 I thought.

Mogwhy,
According to the Project financial overview Ebitda should be about the $15m, but that was before the collapse of the Tungsten price, I think they were using a price of $245 per mtu.
So at todays prices you could slice of around $30 per mtu, thus leaving $9m Ebitda.
Does anyone know what the repayments are for the loan, are we just going to pay the interest only ?
When do we start to pay the capital back ?

What cant you understand that both Orm and Wres and any other Tungsten producer will not be making any profit, with the current price ?

Afraid not, because of the pound being so low imports are more expensive.
A new John Deere from Germany is over £100,000 !

"Agriculture machinery down "
Is that straight from the Farmers Weekly ?

Well we did open red.
I admit I got the ask slightly wrong.
We are now blue !

The bet is still on !

Lets wait and see then.

Deferring the interest payments, tells me that their is little money left in the coffers !
It was either that or a placing

You just don't get it .
Stop comparing wres with orm, we are both in trouble if the price of Tungsten continues to fall.

Yes we will be making a small profit, then we have the interest to pay and the capital to pay back, there wont be much left at these prices.

Do you not agree with my explanation earlier ?

Wres has just deferred interest payments, what does that tell you ?