Member Info for safetyman

Tin has gone up today, that makes a change from the past week. As is my nature, I will take that as a good omen.

Discussion about Wres does seem to be far more positive imho. Kev, I note your comments about DB seeming more that way- No negative posts today, so clearly a change in view.
Generally with regard to our CEO’s unspoken messages in the interview, I felt there was unspoken positivity; also, that the RNS is in fact a prelude to further news. If I am correct we could see some rerating. We shall see what we shall see. A grant RNS would be nice.
Mogwhy, good post earlier today with the break down of costs etc that referenced the FID and research notes.
Oh one can’t help but wonder about the golden gunners all strewn about Sao Martinho, only needing buckets and shovels etc....................

My goodness’s separate, not desperate mind you could get that way if we didn’t produce anything, but we are and we ramping up.

Banktin. You should read the research
Notes from TPI and ARC. The production costs are about $100 ( tpi have it at $94) per mtu for the concentrate - that being based on a lesser Tin credit as the expectation was less Tin than we are actually getting. Fixed costs are fixed, variable costs are the ones that vary. Most of the cost for production relate to the cost of producing it, there are also breakdowns on the FId. the interest etc is a desperate consideration. My fag packet says at 200 t per month we are absolutely sailing. The design capacity is for more than that, it is all in the notes etc. Our kit is specified and designed to also be upgraded to 3.5 t as we grow. The kit is designed and in spec for the geology we have.

6.56% increase today. If we get that everyday for a month I would behappy.

Nmh, what about 1.5p by Easter....... resurrection and all that.

Did you cook that yerself Kev? I have always shied away from cooking our 9 brained friends, thought it might be tricky and a tentacle could outwit me in the pan.

Spot on rod

OMR it might be a result of our herring and kipper related enthusiasm having an effect on the ether.
Now though it looks like my tungsten dreams are starting to bear fruit. Fruition is a wonderful thing. I might start taking an interest in fisheries though as there may be opportunities therein, let’s see what Brexit brings, despite my serious reservations on that matter.

In any truces whatsoever. If anyone wants to have a pop, I will be at the AGM and will be available for frank discussion etc. What I say is what I think. Despite my physical frailty Ism also available for more physical challenges, I particularly like that sort of thing. Unapologetically yours, Safetyman.

Hello bankton. On September 2019 I stood on dirt at la Parilla. There is now a state of the art tungsten mine using top of the line kit. It is now going into production??.it comprises crusher units, jig, mill and concentrator, all of these have units have various machinery within them as they are processing stages. We are connected to
The grid for electricity as well as having our own generators and our own water supplies ( lake and canal), we are sited next to the Madrid highway. We have the support of local politicians, residents ( work force) and the local business community who are invested. So 14 monthd ago a field of dirt to this plant. ‘ If you build it they will come’.
The concentrate we produce is purchased on a take off agreement with contracted customers with us getting 80% of the apt price. The last quote I recall for production costs was about $ 100 per mtu.
We are producing and ramping up
The production.
We are starting up a second mine at Regua.
We are proving up a gold mine at Sao martinho, currently Jotc says 250,000 ozs, with expectations of proving up more.
We have about $45million dollars on loan, which full
Production at la Parilla would more than cover
We are to receive a $ 5million euro grant this quarter,
Our ceo has considerable experience on the mining industry and is personally heavily invested.
Look at the Wres website, go to twitter on Wres and see the site etc.

Langtro, you’re spot on imho, I think it’s up here on. Suggestion has been made to reading between the lines. On the interview the lady referred to delivery of production in January, so that seems positive to me -and that between the lines. Add the RNS excellent. And we are waiting on a RNS to the grant, that should move things North. And yes there is gold in the back ground. And we have enough finance taking us forward. So yep I think yer right.

I am worried that I will get me self too excited and end up injured.

I am gonna get that post coital warm feeling all over. An old man takes his pleasure where he can..
This has been a long slog though. I might write a book entitled ‘The Old Man and the Mine’

What is not said on production could also mean That it is better than expected. There may be interests that are best served by not saying saying so at this time - one might think that by not shouting success too loudly the $5million grant gets expedited more rapidly. What is unsaid, is an unknown and that is an abstract which can be painted in any colour or shape.

In today’s RNS is that the funding for Regua mine development is already in place ,that’s because that was already stated in the RNS on the 18 Dec. Also other RNSs have described shipping/trucking, mining and crushing arrangements under contract. The Crushing for the ore from Regua is at what was previously a quarry and the spoil is to be used as infill, which acts as environmental remediation. That all was already known and was also in some part on today’s RNS, the not said bits were all there albeit in other RNSs. I am pleased that they have managed to get it started. The concentrator and other kit currently being used there is existing and long since paid for. The crushing is under contract with existing crushers previously used by the quarry. So the costs on this for capex are minimal as it requires little extra investment from Wres. Perhaps what is not said is that this is exceptional management to bring this in at a very low cost.

DB, when it comes to what is unsaid we can take inference from the universe and it’s entire contents if we wanted. We could include anything excluded, perhaps we could get down to trying to reconcile quantum theory, relativity and gravity. What we do have is information in the RNS. There are things that were unknowns that now become known; production is increasing and there are initiatives being implement is completely in line and provides confirmation that ramp up is taking place.New news is that preprocessed ore is being shipped to la Parilla to improve concentrate levels, seems that’s on line with what was discussed by some such as hbob on this bb.
It is an RNS that keeps us informed and is positive.

Indeed it is rather good. The environmental contribution is good, that sort of thing can result in EU grants and such........I wonder if we can have something like that happening?. Notwithstanding, I must admit the Regua thing seems to be coming along quicker than I expected- things have usually taken longer for us.

Pants, I think you were going to visit the site as you live in Madrid and that you are Spanish, or can speak Spanish. So what did you find out, or are yet to go?

Nits. If $250 per mtu is the price for apt, we get 80% for concentrate. So $200 per mtu.
If full production is 200 tons a month and there are 100 mtu s in a ton , we have;
$200x200x100 = $4milion revenue per month.
If production cost is $100 per mtu that = $100x200x100= $2million per month,
So after production costs we got 4 million -2million = $2million per month
So for a year that is 12x$2million= $24. Million.
But each $10 mtu increase we would only get 80% which is $8, which at 200 tons is = 8x200x100= $160,000 per month= 12x160,000= $1.92 million extra dosh each year.
So that’s what Iraq packet it at. And oh there’s Regua to produce H2, and oh so very interesting gold at Sao martinho. Our market cap seems low indeed when I think on these numbers.