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(WRES) W Resources Share Chat

Discussion in 'General Share Chat (WRES)' started by mart101, Jul 15, 2015.

  1. TwitterPost

    TwitterPost A Legendary Member

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  2. BigP

    BigP Keeping the Faith

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    W Resources PLC TPI is pleased to provide its latest research note on W Resources Plc (WRES.L).

    W Resources (WRES) is currently focused on near-term production from its wholly owned La Parrilla tungsten and tin mine located in southwest Spain. The Company is in the final construction stage of the new large-scale concentrator plant and has already commissioned the new crusher and jig plants. The newly commissioned crusher and jig plants are now operating at near design capacity. As such, we expect the Company will be able to ramp-up production during Q3 2019. Disclaimer
     
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  3. Groucho

    Groucho Member

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    Turner Pope Research NoteToday 12:17
    W Resources (WRES) is currently focused on near-term production from its wholly-owned La Parrilla tungsten and tin mine located in southwest Spain.
    The Company is in the final construction stage of the new large-scale concentrator plant and has already commissioned the new crusher and jig plants. The newly commissioned crusher and jig plants are now operating at near design capacity. As such, we expect the Company will be able to ramp-up production during Q3 2019.

    @WResourcesPlc (LON #WRES) Turner & Pope Investments PDF link & Video



    https://www.share-talk.com/w-resour...o/?utm_source=twitter&utm_medium&utm_campaign … via @share_talk

    D371CF77-E2AA-4726-B280-3E3011CBA686.jpeg
    We value the La Parrilla project on a DCF basis given its near-term production and provide a relative valuation based on our selected tungsten explorers for the Régua project. Assuming a discount rate of 10%, a flat long-term tungsten price of US$300/mtu and inputs from the FID, we calculate an NPV of £85.1m or 1.41p per share. To this we then add an implied EV of £3.9m or 0.07p per share, based on our average EV/resource multiple of US$3.2/mtu to the Régua project. Taken together, we calculate an indicative enterprise value of £89.0 which translates into an equity value of £64.8m or 1.07p per share, representing a 155% upside to WRES’ current share price.
     
    Last edited: Aug 16, 2019
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    RNS Number : 4774K
    W Resources PLC
    29 August 2019








    29 August 2019


    W Resources Plc

    ("W" or the "Company")

    La Parrilla Concentrator Construction Complete & Commissioning Underway

    · MCC electrical connections complete and plant energised

    · Commissioning of Spirals and Shaking table buildings underway

    · First ore to new concentrator scheduled for September


    W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company announces an update on its flagship project, La Parrilla in Spain.

    The La Parrilla Concentrator Plant has commenced commissioning following the detailed installation of the Motor Control Centre ("MCC") including all electrical connections and associated plant completion work. Commissioning of the spirals and shaking tables buildings 'on water' has commenced, which is an important phase prior to feeding ore through. Ore will be introduced into the circuit with first concentrate production from the new Concentrator Plant planned in September, as announced on 7 August 2019.

    Michael Masterman, Chairman of W Resources commented: "The commencement of commissioning of the new Concentrator Plant is a long-awaited event and is a major step forward for W Resources. It is important to note that commissioning ensures a streamlined start-up of the ramp-up of tungsten and tin production. The Crusher and Jig & Mill Plants are operations ready and we have maintained the low-cost nature of this impressive world class project by ensuring each phase is delivered to the highest standards as we prepare for first concentrate production in September."
     
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  9. BigP

    BigP Keeping the Faith

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    W Resources PLC
    W Resources on track for concentrate production next month
    Michael Masterman, chairman, said: "The commencement of commissioning of the new concentrator plant is a long-awaited event and is a major step forward for W Resources.

    [​IMG]
    W Resources PLC (LON:WRES) remains on schedule for first concentrate from the La Parrilla tungsten mine in Spain.

    Commissioning of the concentrator plant has begun with ore to be introduced and production to start next month.

    Michael Masterman, chairman, said: "The commencement of commissioning of the new concentrator plant is a long-awaited event and is a major step forward for W Resources.

    "The Crusher and Jig & Mill Plants are operations ready."
     
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  17. Keith Mullins

    Keith Mullins Mullins58

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    Worth a watch

     
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