Member Info for safetyman

Kev, Conservative fag packet on shopment from 1st July to 23td July. Approx 20 ton of Tungsttn concentrate, if we got @ $175 per mtu = 175x100x20= $350,000. And for tin approx 40 tons at $16000= 40x16000= $480,000 which if Added gives $830,000 for the first three weeks in July. That is not bad in the current climate. And production will be increasing. And it says in the RNS: ‘in line with the plan to feed ore to the plant. Blasting has reached the more competent ore reducing fines in the processing operations.‘ which indicates the initial lower grade benches have been worked through and there will be higher recovery rates from ‘more competent ore reducing fines’ . Add on the improvements to jig mill and concentrator spirals, just looks like we are greatly undervalued. Just my view of course, certainly I nice RNS validating my views and possibly more would be good.
Please note I did not mention the gold trial
Mining licence or suggested joint venture, nor did I mention the $ 5 million grant money.

Spot on.

Seawolf, if there is tungsten in it that should be the case. The original plan was to process tailings so it should be possible. It seems to me if the jig and mill operation was not working correctly it would impair the effectiveness of the concentrator. If there is content left in the spoil then I suppose they would have to do the sums to see if it’s worthwhile reprocessing it.
What would be best would be to get the stuff from Regua part processed to the 10% level then put it through at la Parilla as they intend. Once that gets going we should be cooking on gas. I’m the meantime getting the jig and mill on form is a massive improvement on anything we put into the system.

OMR, I am not a mining expert but on visiting the site I saw some gubbins the other year; the tin gets separated out and if they now have the electrostatic separator that’s rather a good thing as I understand it. When it comes to the tungsten that needs to be finely ground and milled where it goes into the concentrator that’s essentially used gravity and floating in spirals and on shaking tables. If the tungsten ore is not ground up enough ( mill and jig) that would prohibit the concentrator from working to recover tungsten very well. So for me it would be a case we keep The levels of tin and increase the tungsten recovery now the jig and mill are working correctly.

Well that’s a good starter!

Good news would be welcome all round. .....and that’s for most everything at the moment. There is not a lot about anywhere .Covid is not finished with us yet and at some point we have to get somewhere near the old normal. And there perhaps should be a story told about how Wres is still Going and still ramping up despite everything.

Dreamingof, I am not meaning to insult anyone or their intelligence, however, I was trying to reflect what I have gleaned from Justine when I have spoken to her. During conversations she had expressed a view point, which to me makes sense. There evidently is a reluctance for Business news to promulgate positivity on matters of tungsten mining- as I understand it there were those that got fingers burnt after eschewing companies that then went into to fail e.g. Wolfe
My recollection of those conversations is that it is extremely difficult to make headway without substantial news on matters tungsten related. Outlets are reluctant. On the issue of spin and PR I know very little. On Justine, she seemed concerned with wanting to do well and had also made efforts that get pushed back.
It may be that you are correct on PR and methods etc, I can only speak of Justine and my impressions of her.

On the Justine issue. If information is not wholly positive it might be a professional PR thing to not bang out news releases. I am sure the typewriter, GPO electrical link and all the other PR gubbins would be used. More generally things like news releases that can get more mainstream need to have good positive content, newspaper type things probably don’t want to get burnt and so are only going to release on stuff that’s positive and reflects on them. So we ain’t going to get news release without good news, which is what Justine and such are involved with more. Shareholders are already involved and information to them is, I think, more to do with the company generally. So no good news, you get no action from PR.

I agree with that, perhaps we get one anyway. However, Good news would increase the likelihood imho. If the production is improving,Or other news as implied, I think there will be one in this quarter.

Golf, if he gets good news I imagine he will arrange that. I think some people have sold thst were holding and moved on already which Gives us a bottom, they cannot sell again, good news could see them come back and the subsequent rise in SP would be good. Yep I think MM will do a session under those circumstances.

Dreaming of, I am pretty sure that when MM said he would produce quarterly figures he had higher expectations of production. To be fair on that, he must be very ****ed off too with the figures. That the jig and mill was going to give problems perhaps was not expected. Its been bad for figures and no doubt some indirect factors from COvid having negative effects on things like APT price and logistics for repairs etc have not helped. However, I prefer that at least we are informed from those figures. Following on from that we have had, quite understandably, people selling etc. However, getting the loans at low interest is good and the workforce being bolstered with operational management is good. Economies starting to pick up is good in a general sense. If we are upping production and can maintain increases on that it would Good to have some communication on that- so that would be a game changer imo. Also if he can get the grant money that would be a big plus-let’s hope he is pressing the buttons with out local and regional stakeholders ( that includes direct and indirect employees as well as investors and politicians). If the trial mine licence comes through and we move to the suggested joint venture (MM) that would be good too. It’s only last week we got the RNS, so there is lots of positive potential, but the bad was bad so if MM can get some good news going it would be very welcome.

Seems to me some are expressing their disappointment with the numbers and are selling up, mind you SP seems to be holding. There may well be some waiting in the wings to buy.
We could go well with some good news.
On a more general note, I think the way the USA is going they will achieve herd immunity with the rate of Covid infection they are running at - don’t gorget for everyone detected there are other cases. Crisis could diminish there more quickly if that’s the case. Demand, economy, pick up and all that. That would be good news.

Seawolf, so is the U.K.

O2 we have already done some drilling and established resource with potential for more- so we are already moving forward hopefully. The Portuguese may well want some income.( so would I)

Tin up $108 and gold is at $1941 now where’s that trial mine licence for Dao Martinho so we can get at me Gloden gunnets.

Kev, is the answer, July?

Clearly issues have been identified that were having an effect on production.
The jig and mill were one thing. However, the change to a more motivational operational management ( in one case a stake holder who would be unhappy with the figures to date) and the utilisation mention might bring results. The use of the term utilisation suggests to me that that the available operational time of the kit needing improving as did the motivation of the workers, not unrelated in my opinion. One of the things that I learnt in industrial engineering is that even an excellent system arrangement will not work effectively unless the work group wants it to- in fact even a bad one will if the work group want it to succeed. So I am expecting better things now, such as the kit being utilised for a not only a greater time but more effectively and the lads on site all happy and motivated. Plus the jig and mill working properly.

Slacking by the work force is not unknown. Even a touch of ****ing stuff up to get breaks Or overtime is not unknown and is something I have come across. On site management needs to be experienced, know the tricks, know the language ( A Brazilian Portuguese speaker will usually speak good Spanish), know mining processing and having someone heavily invested on site and relatively local brings strong operational management. The fact they were brought in makes me think that there is an issue perhaps at the lower status workers. Then there is the issue of claiming against machine installers etc, I have known building defect issues go for years, machinery defects you fo well if they replace parts in a timely manner ( on that point it’s a success to get things fixed during and following the Covid crisis) . So yes bad numbers at the moment, but I think you will find most mines have trouble and Failures whilst coming up to full production. Yes I am unhappy with the SP, unhappy the grant has not appeared yet, unhappy at machinery breakdown after it was designed for the ore ( was the mill the a French bit?), unhappy at the Low production of tungsten and delays, but all of these things are being addressed. Now let’s get out of this Covid thing, prices of tungsten will improve, given corrective measures production should improve and if that gold trial mine licence drops on the doorstep we could sell that as a Brucie bonus Or joint venture that would help SP. just my views of course.

Gmed. I stand to be corrected. But many years ago I used to work with what is known as Work Study or Industrial Engineering. There are various ratios etc, but utlilistion would be the ratio of working Time in relation to the time available for the process. So if a machine or process is available to be worked 100 hours and is used for 60 that gives you 60%. So a figure of 80% means the process can work for that much of the available time. But really you need to know the available time, if it’s only 10 hours that’s not great. If it’s 80% of 24 7 it’s rather better.

Tin up $232 today. ....and gold now at $1887. Now if tungsten would be so good as to go up. Production increase to over
100 tons a month that would be better. Grant come through even more betterer. And get the trial mining licence at Sao martinho. Regua producing. It could get to be a far far better thing than it has before. Imho.