Member Info for safetyman

My understanding on tungsten price is that the big stockpile from Fanya was creating an overhang that suppressed prices. A large chunk of that has been sold and that effect is wearing off. Long term reports read of demand being greater than supply. Chinese cannot produce at below cost and have had major environmental
Issues causing mines to close. The electronics and solar energy sectors are increasingly finding tungsten useful because of its physical properties ( it is better for some things where previously gold was used) . The big demand is industrial and carbide uses, so as with much it depends on world gdp. Also don’t forget alloys and carbide in farming implements.

With regard to Regua. Everything is physically in place through contracts , the crushers are there waiting to be used and the spoil will used to fill pits ( the content from which the crushers has previously been used). Contracts are in place to transfer ore and crush, all we have to do is assemble the existing concentrator when it’s moved. So it reasonably will not require a lot of funding to do that.

That if £2 million worth of shares were bought on the open market; the SP would go way above .5 before you got them all, if you wanted Wres to use the money directly for the business the so hated would have to bought through an arrangement such as a placing, from Wres point of view it’s very good to have local and influential investment, and at a critical time as we come up to production following commission. It’s a tremendous show of faith by local investors who have eyes on the ground to buy in. So through a placing they get them cheaper and see the money put to use in the investment, by far the best thing to do for themselves and Wres. I would add that even if a business did not necessarily need the funds getting local
Influencers and stakeholders on board is very smart business indeed.

That if we got, or about to get, 10 tons of tin and it’s a by product, we must have a lot more than 5 tons of tungsten. Perhaps the 5 should be 50. The tin at approx $16500 per ton would be worth $165000. I have always been good at me 10 times table. So we might see in addition to Kev’s potential RNS, another one that amends today’s figures to add to the general positivity. Just saying like.

It’s also worth mentioning that our production cost is quoted at $94 per mtu. And on the visit, a senior engineer felt that cost could perhaps be reduced even lower once up and running, if that turns out OK it would another big plus indeed.

Mogwhy, the broker reports refer to prices/costs and calculations as mtu of APT. Tungsten concentrates purities are quoted in the reports. I think we get 80% of the APT price ( or there about ) on our take off agreements.

We produce the APT at the plant. APT is what we sell and is the recognised product. Tin I believe to be tin and tourmaline will also be produced for use in ceramics- there was talk of a customer in Toledo that produces ceramics needing this.

Rod, as I understand it we had already met the terms and the documentation was going in for the final stamp, see the RNS sept. That aha you €5 million. The production might add impetus? It’s lots of positive things happening now.

If you meet him in real life you would find that Kev’s head is actually quite large. In fact nothing like a pin. Also you would know that he was buying when the SP dropped and now we have this rather good RNS. So the content of Kev’s cranium seems to be working rather well indeed. All of which is contrary to the post aimed at him.
I think it’s fair to say the more positive and patient investors are now being shown to be valid dated in taking the views they have. Nothing like a bit of fruition, and bear in mind this is only the beginning; next get the old kit going at Régua, then a bit of trenching at Sao Martinho to provide a goodly gold JORC.

Dreaming of, not you specifically, but the some total of negativity posted does have an effect. Some days we were inundated and supporting that in anyway is not imho a good thing. There are some investors I know that have sold all or part because of fears that crept in. I think selling affects the SP. My view is that the bb effects those considering buying too. I also take the view that someone that has a goodly amount invested and leaves it in must, at heart, think it’s a good thing indeed. So for me, I would not complain on the bb about some of the frustrating issues if it added to the knocking already taking place. Pragmatically thinking, there was always going to be delays in a mine start up. The bb is a shop window imho. You and your views do matter.

Jange, we have our mine running at la Parilla all shiney new, state of the art and demonstrably producing, so yes our professionals have come good. Given the paperwork is all submitted and we are where we can reasonably expect the €5 million grant money coming through. The €2 million placing is coming through and there is the revenue from production to come ( that is paid for straight away on our off take contract). Professional indeed, and somewhat zipperty dooh dah zipperty day imho.

Kev, spot on. It has never made sense for those invested to talk the company down, particularly when there was so much physical evidence that progress was in place. As for non investors putting in effort day After day to day to knock, that was simply strange at best or something worse.
We know that there are delays on mining project start ups purely from research on the subject, and Wres has been par for the course. However, in terms of actually ‘getting it done’ it’s been quick from finance to where we are now. So today’s RNS is excellent, but is only something we were waiting for and we have said will happen. Patience wins, and so do the patient ( us)).

Mineirritant your jake sounds like my Reuben, we got him on opiates now. He wags his tail from a sedentary position rather than jump up when I come home nowadays. He seems happy.

Troajan, that was the pinnacle of battleships, shame it was an already out of date form of sea warfare when launched.

I had 56 intersections through me mangina for the prostate biopsy.

I had 56 intersections through me mangina for the prostate biopsy.

RNS in April, states that there are high grades at Regua.

And yet more..........excellent work ethic.

On the essays today. Lots of effort, it’s to be admired.

Indeed