Member Info for mogwhy

A couple of months ago when I posted about the increasing level of violence and terrorist attacks in Mali and Burkina Faso, I was accused of being a scaremongering deramper.
Along with the placing that I warned you about, this was my reason for selling my entire KOD holding.
In the future, think twice before you attack anyone with an opposing view.
With the share price nearly halved since then, the market seems to agree.

https://bit.ly/2X6fQi7

https://bit.ly/2K9pE58

This should work

https://bit.ly/2F6T6Ex

https://bit.ly/2F5rrUv

Lots of RNS's to look forward to over the next 6 months

Q2 - Gold JORC update to circa 400,000oz
Q2 - Jig & mill plant commissioned
Q2 - Production & sales update
Q2 - Concentrator completion
Q3 - Concentrator commissioned
Q3 - LP plant completion
Q3 - Ramp up to full production
Q3 - Tarouca exploration licence renewal
Q3 - WRES announces cash flow positive
Q3 - Regua FID
Q3 - Transfer of old concentrator to Regua
Q3 - Sao Martinho trial mine licence granted
Q3 - Production & sales update
Q4 - Regua concentrator commissioned
Q4 - Regua production starts
Q4 - Brownfield or prospect acquisition
Q4 - Sao Martinho trial mining starts
Q4 - EIA approval for T3.5
Q4 - 5.3m grant paid
Q4 - La Parrilla 200 tonnes per month production achieved

Oi Troj ! No fibbing lol.

Welcome rodrod1.
Let me know if you want to declare your shareholding and I'll add you to the list.

Marcus Garvie--206,265,841
Charles Scott---161,000,000
dreamingof...---106,500,000
Mr.Happy----------90,000,000
kayakcurl----------54,000,000
NMH19-------------50,000,001
safetyman---------50,000,000
thechaser----------41,000,000
GETINTHERE----36,000,000
Tyrannosaurus---28,000,000
mogwhy------------27,000,000
Idontdoes----------25,400,000
maccas21---------25,000,000
OMR----------------24,000,000
discopablo---------22,225,000
StukeyBlue--------20,000,000
realtime2-----------19,000,000
Hartlepoolbob-----18,000,000
Laminsurrey-------18,000,000
Thomos-------------18,000,000
Franny1968--------17,500,000
nottsbaggie--------17,000,000
REDDINGTONR--15,000,000
Suthy----------------15,000,000
wilburylover--------15,000,000
jange-----------------14,800,000
gw123---------------13,500,000
SugarRat-----------13,500,000
2cvguy---------------12,000,000
eggchaser----------10,000,000
cutandpolished61--9,700,000
Wasp_-----------------9,550,000
gmed-------------------9,000,000
Ponfeigh---------------9,000,000
TeesidePete----------8,000,000
Bigdaz-----------------6,911,000
ronniethetoff----------6,000,000
stealthtaxvictim------6,000,000
ClimbingWooster---6,000,000
ehreally----------------5,000,000
JTS13------------------5,000,000
Tonlin-------------------4,900,000
courtier-----------------4,000,000
soss613----------------3,560,000
Oneliner----------------3,381,779
Dewhurst89---------- 3,000,000
SpeakerJames-------3,000,000
Alfiedog-----------------2,000,000
Kalan--------------------2,000,000
Bakingmental---------1,872,080
MrsF---------------------1,750,000
Richardkaz------------1,700,000
Jaffaman---------------1,700,000
Kaiser_B---------------1,268,951

Total---------------1,296,984,652------21.5%

In China for export it's $247 for 88% WO3.
Ours is 66%.

https://bit.ly/2XGjdJy

https://bit.ly/2IuzIlG

stealthy - MCC is probably mobile climate control.

dreamy - in 2022 we will almost certainly have Regua up and running at 1,300 tpa.
That will add revenue of $18m and ebitda of $9m to La Parrilla's output at current prices.
T2 just refers to LP. In 2022, T3.5 should be close.

Or it could be that there's lots to look forward to...

Q2 - Gold JORC update to circa 400,000oz
Q2 - Jig & mill plant commissioned
Q2 - Production & sales update
Q2 - Concentrator completion
Q2 - LP plant completion
Q3 - Concentrator commissioned
Q3 - Ramp up to full production
Q3 - Tarouca exploration licence renewal
Q3 - WRES announces cash flow positive
Q3 - Regua FID
Q3 - Transfer of old concentrator to Regua
Q3 - Sao Martinho trial mine licence granted
Q3 - Production & sales update
Q4 - Regua concentrator commissioned
Q4 - Regua production starts
Q4 - Brownfield or prospect acquisition
Q4 - Sao Martinho trial mining starts
Q4 - EIA approval for T3.5
Q4 - 5.3m grant paid
Q4 - La Parrilla 200 tonnes per month production achieved

Sorry safety. Doesn't count unless I get full disclosure.
And no fibbing like Richardkaz !

Apologies to REDDINGTONR. I'll correct your position on the next update.

Well done NMH19. Another 4m to get kayakcurl lol

Marcus Garvie--206,265,841
Charles Scott---161,000,000
dreamingof...---106,500,000
Mr.Happy----------90,000,000
kayakcurl----------54,000,000
NMH19-------------50,000,001
safetyman---------50,000,000
thechaser----------41,000,000
GETINTHERE----36,000,000
Tyrannosaurus---28,000,000
mogwhy------------27,000,000
Idontdoes----------25,400,000
maccas21---------25,000,000
OMR----------------24,000,000
discopablo---------22,225,000
StukeyBlue--------20,000,000
realtime2-----------19,000,000
Hartlepoolbob-----18,000,000
Laminsurrey-------18,000,000
Thomos-------------18,000,000
Franny1968--------17,500,000
nottsbaggie--------17,000,000
Suthy----------------15,000,000
wilburylover--------15,000,000
jange-----------------14,800,000
gw123---------------13,500,000
2cvguy---------------12,000,000
eggchaser----------10,000,000
cutandpolished61--9,700,000
Wasp_-----------------9,550,000
gmed-------------------9,000,000
Ponfeigh---------------9,000,000
REDDINGTONR---13,000,000
TeesidePete----------8,000,000
Bigdaz-----------------6,347,951
ronniethetoff----------6,000,000
stealthtaxvictim------6,000,000
ClimbingWooster---6,000,000
ehreally----------------5,000,000
JTS13------------------5,000,000
Tonlin-------------------4,900,000
courtier-----------------4,000,000
soss613----------------3,560,000
Oneliner----------------3,381,779
Dewhurst89---------- 3,000,000
SpeakerJames-------3,000,000
Alfiedog-----------------2,000,000
Kalan--------------------2,000,000
Bakingmental---------1,872,080
MrsF---------------------1,750,000
Richardkaz------------1,700,000
Jaffaman---------------1,700,000

Total---------------1,279,652,652------21.2%

Exactly. But the point is, it's being progressed slowly.
It's not 5 years away as some would think.

We've applied for a trial mining licence.
We'll be digging gold up soon.

When I posted the projected returns for La Parrilla plus T3.5 and Regua, I forgot to
include the tin sales. Let's assume tin production is 10% of tungsten tonnage.
So for current prices we get revenue of $76m and ebitda of $36m.
For APT price $350 and tin $23,000 we get revenue of $106m and ebitda of $67m.
We should also be selling gold by that time too.
Mid-tier mining operation in the making.

Page 3 of Feb presentation.

I'm here to see production from La Parrilla T3.5 plus Regua.
That totals 5,500 tonnes pa.
That's $33m ebitda at current prices.
I don't mind how long it takes.

At current APT and tin prices, LA Parrilla will be generating closer to $16m ebitda
at a production rate of 2,400 tonnes pa.
I don't know where someone got 20% for Regua from.
Regua is forecast to produce 100 tonnes per month. ie another 50% on top of LP.
For 2020, add 50% for Regua to get approx $24m although I doubt they'll achieve 100 tpm in 2020.
Adjust as necessary to suit your own APT forecasts for next year.