Member Info for safetyman

Tims up 110 today

If you had yer hands on a gold resource, but you really knew there was more there than shown so far ...... would you hold off on proving your the larger resource until after you got the trial licence. Smart management.

Richard, tin price was lower in April and May so just a conservative guestimate. the ratio of tungsten to tin was supposed to be a lot more. However, if the minimum lorry of 20 tons of tin occurred then that bodes well for the amount of tungsten, if we take that what was implied was more than one lorry of 20 tons of tin and say two lorries then we are looking at say of 120 tons tungsten, which means we are cooking on gas. The tin is a by-product of the tungsten process so if it gets down to say 10 percent then that's 200 tons of tungsten for one lorry of tin. just playing with words spoken to extrapolate, at the end of the day we need solid numbers reported. but note we did not need to access the Atlas money, so that implies positivity.

if we get say we get $180 per mtu for our tungsten concentrate.
MM said; when we get 20 tons of WO3 or 20 tons of Sn it gets sent off on a lorry (sic)
neither of the chemical symbols begin with T.
one lorry of WO3 is 180 x 20 tons x 100 (convert to mtu)= $360,000
one lorry of tin at £1500 (conservative) at 20 tons = $30,000
so for one of each $390,000
if we did three lorries of WO3 for one of Sn (logic being proportionally should at least be at least 3 for 1 that and MM implied a lorry of tin had been despatched).
we get 3x360 000= $1.08 million
add one of tin then =$1.08 + 0.03 =$1.11 million
don't think that is an unreasonable conservative estimate
may well be more
then there is the grant still to land at $5 million
then there is the govt backed low interest loans in the pipe....most excellent
then there is increasing output.
all fag packet opinion. but to be honest if we get those figures and we are on the way up, that's ok with me.
if get 300 tons of tungsten I am all whoopee.

$1772.........viability increases. Just saying like.

Want to be out of this over the weekend...............well someone should say it if only out of politeness.

Up $195

Omr it’s well known amongst the cynical conspiracy theorists that such buys or sells of insignificant amounts are a coded message to others in secret group. Each amount has its own significance in terms of the message sent.

It’s either deeply dipping or laying horizontal seams. Trench work will reveal how it be. Could be a lot more there, but work costs money, and money et you must have to pay, so tungsten first to provide money perhaps. Unless some alluded to partnership type deal comes across, or we sell it.

I should have mentioned, those in the hospital appear to have had Covid as do those at my daughters work place. So if it’s passed more than they think, world upturn.....

My daughter is in Spain, currently in hospital with depression, to be expected as she suffers with that and anxiety in any case and has been locked in a studio flat on her own for two months. she is being looked after now so that's good. The relevance of this story is that in January, her and all her work colleagues were ill with symptoms that are compatible with Covid 19. They have had the antibody test and all have tested positive,so its been and gone. Many others she knows in Salamanca had these symptoms. So it might be that the virus has already swept parts of Spain (Merida is not that far away). Good news for the turning of wheels. Also I don't reckon India will buy much Chinese tungsten and may well shop elsewhere.

A good RNS is always welcome. Govt backed loan, grant money released, Regua news,Or golden news. Even a news release video would e good. Processing or lorries moving about. But we have had nothing. Perhaps we are to have a cascade of positivity.

Oh fooooorke for those I had to sell.

Woohoooo. Upsry bluesy.

To be paid in Q4, 2019, it must surely be ready?

And up. Always best I think.

OMR, how rude. I merely quoted and exact number Based on research, mystic ability and some calculation based on 80% of full production coming into play., rather than the somewhat flimsy estimation you made using a gout based assessment method.

Or even a govt backed loan RNS

Have posted before, but must have got missed.
Wo3 317 and 11 sixteenths tons
Tin 15 and 19 thirtyfiths tons,

That sell by Sammy of 22 million, that he never actually requested ( if I have read this right) must have knocked the SP, yet still it’s up. When that 22 million gets corrected and bought back I suppose we could expect a bigger rise. You would think things were fixed.
Notwithstanding this erroneous sell debacle, it has inadvertently created another buying opportunity...........funny old world.