Member Info for safetyman

Tonkin as you do yer tour of France looking for tungsten, as yer going to the Loire valley, pop into Blois. Interesting historical town. I went there when I drove a bit round France, it’s rather nice. It was part of my Wres research and so discovered that I will drive around a bit more when the SP takes off. I would like to pop to stv’s house and get him to cook me something. Good luck to you, your life style sounds cracking.

However, I do not think they are necessarily a precursor to a RNS for Monday. MM said, at the AGM, they were going to have a drone photography session. So this was something that was going to happen regardless of news etc. I take it, there may well be some more pictures coming as being a more likely outcome than an imminent RNS.

There is also a canal along the entry road. Wres has the rights to the water access for that, this is in addition to the supply lake ( not fully in the picture) . Incidentally, I understand there is a considerable resource of tungsten that will be mined from the bottom of the lake once we have used the water there( a couple of years forward, I was informed at the visit).

Mbleu, ‘consumated’, now that’s a word that brings back memories if I am remembering correctly.

That link is really good reading : https://masterinvestor.co.uk/latest/how-to-value-junior-mining-stocks/
I will give it a good read later, the NPV bit is interesting and gives me an understanding of the term that I was not familiar with. Have only had a cursory read, but it seems to me we have done exceptionally well on our pathway to where we have now overcome many of the factors that can lead to a diminished NPV. Indeed having past a lot of the hurdles, it seems we are nearly there...........but, we knew that anyway imho.

On Tuesday I was in the Royal Geographic Society in Piccadilly, I go to a thingy there every year and we do stuff. It’s opposite Fortnum and Masons, and you can see the nice clock. Anyway it turns out that tungsten has density of 19.25g/cm3 is almost the same density as gold (19.3g/cm3), very similar specific gravity. Well rascals have been drilling out gold ingots and sticking tungsten in the middle. So there is another major use for tungsten. But, in the strange world of spooky coincidence we have a gold and a tungsten resource.......or could it be in the middle of our gold mine there is a load of tungsten? Clearly all very positive imho.

Wassatt; not only are there minerals in that dirt, they are also very good for us. In fact they are essential. So I reckon as we got them, there will be those that buy em. That's what I think, and so do some wiser and richer chaps than me that I know, all of whom have done some very extensive research- its an old saying my nan used to say: "When the CEO knows about something and puts the farm on it, he probably thinks its gonna be alright."Me Grandad used to say; " If the other members of the BOD put money in, and also when the local old money buys in its crackerjack" Wise folks they was.

With this share I have committed a number of sins: I bought in far toooo early, I should have traded more at rose times and invested less. I bought in at high, then I morally reprehensibly bought st the 2s, 3s, and 4s like some trader person would. So now I hold, for me, quite a lot. Then we get to be after a much longer time than we were told to where we are now; which is in the cusp. The boredom thing then comes in at this point and the frustrations all start to take form due to anticipation vexed against disappointments. It would indeed be a sin to move now imho, that would be like falling over in the stadium at the end of a marathon. We have been seriously delayed which is sinful, but we have a very well designed mining and production plant in keeping with the ore and perfectly sited in a community that wants it. If taking time over good design is frustrating, take a look at what happens with poor design- see the story of wlfe. To some large extent, I think, the market sentiment is tarred by that experience and reflects on us. So Oldskool is correct that we need some numbers on the score sheets to not only evidence our productivity, but also overcome the negative sentiment. We are nearly there, just don’t get into the ‘how many sleeps to Christmas’ mindset or yer could do something bonkers.

Troajan, I think it’s the same money all the time. The trades are for the same and/or matching amounts. I have a theory that there is a big holder out there, the holder buys then gets dissipating into different accounts and family members so as not to hit any tax and other radar. Just a theory, but I like to have one for most circumstances. It is all a bit unusual, or it. Or it’s some kind of insane day trader constantly moving and jiggling waiting for the big cohoona to come home. Whatever, it is, it’s the same shares going round and round.!

Wassat, I am genuinely sorry to read that then. I am lost for advice. You would, of course, want this to come to fruition soon so that you can do what you want with the proceeds. I can also, genuinely wish that happens, for my benefit too.

Wassatt, bad for them in those jobs and dad for UK tax receipts, its a shame really.

My cousin used to work for duetsche bank many moons since, all over Asia he was, made a packet, then something about him and £4million quid share deal and they put him in court. He got off, but it got him off the hook. Sometime after he did a couple of years for a big old thing with tax and stuff. Anyway, there must have been something wrong with the German bank I reckon. When dodgy accounting shannegans has been going the responsible person(s) sometimes stay in place cos they don’t want no one new coming in and seeing the books. I have come across things where chaps didn’t retire when they should cos they had to sit on stuff- So my unproven theory on these matters may perhaps be why a bank didn’t do what it should have done 10 years ago, cos someone(s) needed time before the books got scrutinised under a due diligence process. Just a conspiracy theory, of course. Which brings us back to Wres which did undergo due diligence, and a very good thing it is too, we have proper accountancy oversight as a result. So posters can pick at bits of chicken sheets to try and deconstruct the project, which is of course their prerogative. However, the project looks good to me despite the disappointing delays- I had to explain away a process delay ( due to provider delivery issues) today, quite difficult to the audience. As I understand it mining engineering delay is de rigour, so if you don’t get yer profit short term you need to play the long game or cash out at loss. It’s harsh on AIM, but this still looks crackerjack imho. Anyway, now where me gold JORC?

I know oldie, it’s hypocrisy gone into hyperdrive. In addition, the internet use and mobile charging uses more fossil fuels than all the cars in the world. I wonder if they don’t charge their phones or turn their internet off. I have a higgitylypiggety roof so the panels thing is problematic. However, with technology improvements it might work out for me at some point. Metals such as tungsten have interesting electrical properties, ensuring a greater supply might in a funny way help with development of solutions, which makes us the true eco warriors. Hbob ain’t though, as I suspect him of burning salty wood from the sea.

Oldie, in one of my previous incarnations I was doing electrical engineering so I do keep an eye on matters electrical. I also, like most of us, keep an eye on matters environmental. The lithium battery is a limited and ultimately dead end technology. Capacitor batteries perhaps used in tandem with lithium would provide improvements to energy loss from depletion due to high discharges to my overcome inertia etc.......or capacitor batteries themselves may be developed to outperform lithium especially with charge times, and lifetime recycles. However, at he moment hydrogen just looks to be better at many levels. For environmental concerns, carbon footprint and other pollution the reality is it’s far better to just keep an existing car on the road, regardless of fuel type. Looking to the future and dare I say TUNGSTEN; lots of applications for it particularly good in newly developed solar panels and other applications, particularly where gold has previously been seen as the go to metal for its electrical properties. The other big thing with metal moving forward has to be the rare earth metals used to create alloys with high magnetic or others that have very high magnetic energy density. They are needed for the electrical motors ( you can’t use great big ferro based metal because of the size and weight for the same energy). So why everyone is looking at lithium for batteries it’s a red ‘herring’, for me its the hydrogen cell and possibly carbon nano tube capicitors, and the rare earth metals for magnetics. That’s if we get there before the world is toast. Incidentally this extinction rebellion mob, if they really care about the environment should ;protest against those buying lithium battery cars ( huge footprint and pollution) and get people to carry on with their existing cars, then go to China and protest against the all the coal fired power stations and fluorocarbons they release, then go to India and do similar, then go to Russia and then Brazil over deforestation, then go to the UN and do something about the massive ships using waste oil as fuel without filtration once they are outside maritime waters. That way I wont be held up and they can do some good in the world. In the meantime someone needs to get nuclear power plants up and running, nuclear waste can be dealt with more easily than giga tons of carbon. With regard to safety on nuclear power stations the Rolls Royce plants that they proposed had been used in submarines ( proven 50 year safety record). They could be strategically placed, so although smaller outputs than the mega sized plants they compensate for by far less transmission losses. These projects would, of course, require alloys with tungsten and also to some extent molybdenum- which was also discovered by Mr Scheele.

For banging I was using the figure on the powder factor as described for shallow holes, but as it is benching the ratio would, I expect, be greater - so less explosive?
STV, I meant ‘in’ not ‘I’.
Incidentally, I read that in Spain manure was self combusting due to the heat. So it’s been a bit hot over there.

STV, being simple , its the hardest game I the world,

Ere chaps, here’s a thing on explosives and mining and page 115 refers to powder factor which is tons of rock /pounds of explosive. For shallow holes it looks like it’s one pound of bangers for one ton of rock or,they say also m3, (I suppose for banging purpose it is different to haulage) . So for 20,000 cubic metre then we would have had 20,000 pounds of explosive which in tons ( looks like we have an imperial measurement rather than SI units for this) 20000 divide by 2240 ( pounds in a ton) = approx 9 tons of explosive: that’s based on the link below, so perhaps less explosive than 64 tons was required, or would be in the future?

https://www.nps.gov/parkhistory/online_books/npsg/explosives/Chapter8.pdf

STV, funny you mentioned China. We get a byproduct of tourmaline produced from our processing, that’s used for in the baking process for porcelain. They were looking at selling that through a contract too; I forgot to ask at the AGM about that. Income from that would probably be calculated against the production costs I think.

Stealhters, you is correct a cubic m is more than a ton, I was using an approximation based on gravel weight, which I had experience of; if we was to consider your figure ( makes sense the ore body would be heavier by volume than ordinary gravel) of day 50 kilotons per 20kilo cubic metres it changes. So we get 50,000 at 0.1% = 50 tons of atp= 5,000 mtu; and if we say $50 dollars profit per mtu that becomes $250,000 profit per bang. If the profit margin on the mtu is higher , which It most likely is as I was being conservative, then it’s more bucks for our bang. Keep on banging.

It was me that was asking. So if we got 40,000 tons pulled out at Regua we would need 2,000 x 20 ton trucks.and if that makes 112,000 MTUs from.28% and we said we make $50 (only?) profit per MTU, that makes $5,600,000 profit. The 40,000 was just a look as the blast at la Parilla created 20,000m3 so just considered it as
a figure to think of.-If we can pull a similar amount from the adits at Regua it would provide that goodly profit. Given the trucking and power etc for the concentrator comes out of the already stated costs, seems a reasonable fag packet pondering to me.