Member Info for safetyman

Dreamy; you’re fully entitled to your perspective. We have had many promises and timescales not met. .... and trust me, I understand your discomfort with the progress to date.
However, we are now producing and as GIT says the numbers coming from RNSs are factual. Things like going from 4 days to 5 is a reported fact and not a promise.
So now it really is seeing how the output changes, in my view it will be more produced.
As an additional bit of good news the increasing price per given weight to or mtu changes the ratio on costs/revenue/profit for the better. Even for those challenging quotes production costs yet accept getting more pet for the same amount is a good thing.
So facts are the plant is working longer hours, there is improved processing which should result in ore product. The price is increasing on the metal, so that’s more revenue. That’s for now.
Looking forward, Regua comes online and posting news on the Sao Martinho god prospect.
At the moment the drag is the SP, the loan interest and Sentiment.
If we get good production figures our investment can turn for the better in no time.

GIT’ Post is back again. Funny old world.

Continues to rise.

MIB. Jenny Agutter in Walk About. Now yer talking. I can see you too are starting to think of positive things.
Now if we can get some positive news on Wres that would be good.

My posts are taken down. Funny old world, I think I only considered this.
Anyway, I wonder what news the week bring from Wres. It’s even good news for Covid reduction and for commodities too.

The Bloomberg is the spot trading, yours which is ours is contract. So even more better good news.

I think There are two quoted prices. Bloomberg is a daily thing the other which is yours I think is contract price. We sell under contract, but the Bloomberg price is a good indicator.
Troajan is very wise on metal prices and GIT also understands these things more than me. Perhaps they can clarify. Either way it’s rather good when the tin is $12,000 more than last year imho.

On Bloomberg, tin is up $1270. At this rate there will be no need to increase production. So it’s $26295 per ton.
Anyone know what’s happening with tungsten APT price per mtu? ( for clarity and once again, we get the APT price for 66% proof concentrate.)- and in the case of our take off contract it’s 80% of the price for the tungsten concentrate.

And............ there’s the gold at Sao Martinho, good news there could lift us. Very good news would be very good indeed.
You what. You wouldn’t want to be out of these over the weekend.

GUG you are wrong. This has been explained several times. So for tungsten we get 80% of the APT price if the concentrate is 66%. It is not priced on a basis of pure metal. So anyway the RNS said:-· Total tungsten and tin concentrate production of 133.4t during the quarter, up 72% on a like for like basis and up 29% on a pro rata basis compared to Q3.· Tungsten ("WO3") concentrate production of 100.0t during the quarter, up 83% on a like for like basis and up 37% on a pro rata basis compared to Q3.· Tin ("Sn") concentrate production of 33.4 dry metric tonnes ("dmt"), up 46% on a like for like basis and up 9% on a pro rata basis compared to Q3.

And solely for tin if we used 33 ton production at today’s price of $251000 per ton and then applied 56% that woul provide $463,848. Which in business terms is better than a pole in the eye with a plastic duck, then if we consider increasing production from processing improvements and increased working days, it’s not too bad for money for the byproduct. So then there is the tungsten which should be considerably more. If we add Regua production on top of that it’s quite a lot, we red to see numbers to know how much.

A headline in the FT saying (sic) ‘bonanza time for mining investors following commodity surges’
Blimey, I thought, we at Wres are forgotten - nice surge in tungsten/ apt prices might do is some good for the SP. tin is up on Bloomberg to over $25105. Very nice if we are banging a lot of it. One wonders production levels. It’s only natural to wonder.

GUG, we quite often see double posts. It’s quite common when using a phone. Well
it is for me. No I am not going to buy a new phone, and I don’t see it warrants pecking at other posters. Unnecessary comments.

I am pfizered up so that’s good! Now if there is good news on me Wres I will have a very good day become exceptional.

OMR, when we are vaccinated woohoo. I am getting mine tomorrow!

GUG, I didn’t say profit, I said break even.yep I am aware it’s revenue, never said anything else. I think, fag packet, 50 tons breaks even, but let’s say 60 tons and that really should be achievable once we work 5 or indeed 7 days. Anything more than 60 tons should help with profit.
We shall see.
Oh yer and there’s also the gold prospect.

Thanks GUG. Actually on my fag packet above 240 is good for us. If it keeps rising that’s good too.
If end up receiving .$20000 a ton for product ( either tin or tungsten) and can produce 50 tons a month that gives a million a month. Which is break even on my fag packet.
50 tons should be acheivable, from what we are told it should be more than that.
Also the prices are higher than I have said so actually, I am optimistic indeed- for which I have been criticised! Lol.
Oh and then there is the gold.SP is too low imho.
But we shall see over time.

If they start putting tungsten into the vaccines we will be rocketing imho,
In the meantime the tin thing is good news, I think that was below $15000 at one point.
Production increasing would be a very good thing on the back of increasing pricing. We are promised increased production, so if that can get to 7 days a week by June that indeed would be good.
Anyone know the APT per mtu price for the tungsten. Each of our lorry loads be it tin or tungsten are worth quite a bit. So more the lorry loads of either makes me happy.

Cloudy today at Merida. It is also 11 degrees C. Which means our chaps at la Parilla can work away.

Share price cheap.
Sp rising.
Wouldn’t want to be out of these over the weekend.
Just saying.