W Resources Share Discussion Threads

[jaf1948] 06/4/2019 11:32

'there is still no concentrator at la parilla'

From 2:23 into the video are pictures of this non-existent concentrator at LP.

OK, it is not complete and it is slightly behind schedule (scheduled to be finished in April 2019 but probably won't be), but another fantasy post from Plat - if he had said 'no completed concentrator at LP', then that would be nearer the truth but that doesn't fit with his agenda.

[cpap man] 06/4/2019 11:20

WRES looking like a coiled spring on the charts ready to be sprung!!!!

[plat hunter] 06/4/2019 11:04

It shows the jig and the mill, there is still no concentrator at la parilla

[newtothisgame3] 05/4/2019 21:13

#WRES #W #Resources showcases new La Parilla jig and concentrator in Spain

[newtothisgame3] 05/4/2019 21:13

#WRES #W #Resources showcases new La Parilla jig and concentrator in Spain

[plat hunter] 05/4/2019 15:59

Past month..

JLP has moved from 2.45 to 3.05 or a gain of +24.49% for the last 31 days
WRES has moved from 0.46 to 0.45 or a gain of -2.17%

I've filtered that Krypton now, the evidence speaks for itself. I Won't ever learn anything from him, so not sure what the point of not filtering him would be. He's clueless

[sleveen] 05/4/2019 14:00

PH how many % is JLP up v WRES over the past month ?

[barony] 01/4/2019 13:55

Resource update soon would be good for Regua and maybe a summary of what will be coming out of the plant at La Parilla for the combined inputs from R and LP this year.

[barony] 01/4/2019 10:44

Regua looking very good. Would like to see some sales figures soon.

[cpap man] 01/4/2019 10:30

SP Angel . Morning View . Copper climbs as China signals expanding factory gauges



W Resources (WRES LN) 0.475p, Mkt Cap £27.5m – Drilling confirms wide high grade mineralisation at Regua

W Resources reports that results of 916m of diamond core drilling and 1809m of reverse-circulation drilling have demonstrated the presence of thick intersection of higher grade tungsten mineralisation “closer to the planned mine portals chosen for initial mining operations”.

The company highlights the following results:

A 12.55m wide intersection averaging 0.68% tungsten trioxide from a depth of 9.35m in diamond-drill hole RGD034, which also contained a second mineralised intersection of 12.00m width averaging 0.64% from a depth of 79.95m; and

A 4.80m wide intersection averaging 0.44% tungsten trioxide from a depth of 154.30m in diamond drill hole RGD035; and

A 12.00m wide intersection averaging 0.39% tungsten trioxide from a depth of 109.50m in diamond-drill hole RGD036, which also contained a second mineralised intersection averaging 0.43% over 15.20m from a depth of 140.80m; and

A 3.66m wide intersection averaging 0.84% tungsten trioxide from a depth of 132.42m in diamond-drill hole RGD040; and

A 4.00m wide intersection averaging 0.50% tungsten trioxide from a depth of 41.00m in reverse-circulation drill hole RGR015, which also contained a second mineralised intersection averaging 0.75% over 29.00 from a depth of 77.00m; and

A 4.00m wide intersection averaging 0.44% tungsten trioxide from a depth of 58.00m in reverse-circulation drill hole RGR016; and

An 6.00m wide intersection averaging 0.43% tungsten trioxide from a depth of 71.00m in reverse-circulation drill hole RGR020, which also contained a second mineralised intersection averaging 0.26% over 12.00 from a depth of 79.00m as well a further 4.00m averaging 0.90% from 93.00m; and

A 4.00m wide intersection averaging 0.58% tungsten trioxide from a depth of 93.00m in reverse-circulation drill hole RGR021; and

A 7.00m wide intersection averaging 0.42% tungsten trioxide from a depth of 99.00m in reverse-circulation drill hole RGR023, which also contained a second mineralised intersection averaging 0.31% over 7.00 from a depth of 161.00m.

The company confirms that the existing mineral resource estimate for the Regua deposit as 5.46mt at an average grade of 0.28% tungsten trioxide. The results of the recent drilling programme will, no doubt, be incorporated in a revision to this estimate at some stage and the relatively wide and high grade intersections reported today may provide a positive impact although the scale of that impact will depend, amongst other factors, on the geometry of the mineralised body.

Commenting on wat he described as “the exceptionally good drilling results” at Regua Chairman, Michael Masterman said that they “bode well for increase in mine feed grades and overall resource tonnages. The high grade zones are thicker and closer to the planned two mining portals providing the potential for higher ROM feed grades and lower unit costs. We will now complete updated resources estimates and optimise initial mine plans.”

Conclusion: Recent drilling results from Regua are to be incorporated in an updated mineral resources estimate and to revisions to the mine plan. We look forward to these updates when they are available.

[plat hunter] 01/4/2019 10:06

So.. with no earnings, increased capex and debt of 143% of NAV to be repaid and warrants outstanding.

Who's going to pay to get Portugal up and running. You are of course.

[mogwhy] 01/4/2019 09:02

Lol, fair point.
But with revenue and no debt currently being repaid.....

[plat hunter] 01/4/2019 08:57

Mogwhy..

WRES has never reported earnings, you are getting confused with revenue.. there is a stark difference.

[mogwhy] 01/4/2019 08:52

Lol, Plat Hunter obviously doesn't follow this company
or he would know that WRES have been reporting earnings since last December.



Are you going to tell us when you've finished accumulating PH?

[sleveen] 01/4/2019 07:54

Good grades.

[plat hunter] 01/4/2019 07:50

Nice RNS today, no earnings as of yet and debt leveraged to 143% more dilution to come then it seems

[cpap man] 01/4/2019 07:47

Michael Masterman, Chairman of W Resources, commented: "The exceptionally good drilling results at our Régua tungsten project in Portugal bode well for increases in mine feed grades and overall resource tonnages. The high grade zones are thicker and closer to the planned two mining portals, indicating the potential for higher ROM feed grades and lower unit costs. We will now complete updated resources estimates and optimise initial mine plans."

[cpap man] 01/4/2019 07:45

W Resources Plc

("W" or the "Company")



High Grade Tungsten Intersections at Régua

W Resources Plc (AIM:WRES), the tungsten, copper and gold mining company with assets in Spain and Portugal, is pleased to report high-grade intersections from recent Diamond Core ("DC") and Reverse Circulation ("RC") drilling at its Régua mine development in Northern Portugal.

The Company has completed over 2.73 km of drilling comprised of 916 metres of diamond core drilling plus 1,809 metres of RC drilling.

The results confirm thick higher grade zones closer to the planned mine portals chosen for initial mining operations including 29 metres at 0.75% WO3 from hole RGR015 and 6 metres at 0.43% WO3 from hole RGR020.

The next phase will be to complete the updated Resource estimates and mine optimisation planning to incorporate these new results which are expected to increase plant feed grades in the planned initial mining phase.

[goldrush] 01/4/2019 07:32

Good RNS IMHO

[plat hunter] 27/3/2019 17:50

lol bless your cotton socks JAF

[jaf1948] 27/3/2019 13:18

Spazzeighties, Welcome to the board. Yes, it's a punt but a strong punt IMO. The next three months should make it clearer.

[spazzeighties] 27/3/2019 12:40

I've invested some punt money into WRES. Only 150 sheets but it will keep me motivated to keep an eye on the company.

[plat hunter] 27/3/2019 11:32

09:48:13 27-Mar-2019 0.46 GBX 119,331 545.34 Off-book AIMX

[plat hunter] 27/3/2019 11:31

Some decent volume today, anyone got a monkey? lols

[barony] 26/3/2019 11:22

Be nice to get an update on any sales we have made and plan, plus jig and mill should be completed this week.