kbxc
14 Nov 2016
Weatherly Position Hi all. It's been a while and like most of us old timers I'd really given up any hope of a recovery. I still hold all my shares and have never completely given up depressing that it has been. So it's great to see the share price movement and return of a sensible cu price. So what future Weatherly? Well they are not out of the woods yet by a long shot. Along with the previous posts the big issues are the debt, the C1 costs and the cu price. The loan repayment is fixed to 2020 so no favourable 7 year terms I'm afraid. So the company needs to generate in my opinion about $32M in profit to serve the debt and maybe an additional $5M admin. So the per ton profit needs to be around $2200 to be comfortable. So in a nutshell the cu price needs to be above $6000 and the C1 below $4000. BUT its not all bad news! The mine has a life of 11 years so after 2020 we have 6 years of debt free mining. There is also a big tax loss from previous years to offset some profit. AND we have central operations and a 3k extension to Tsudi to consider PLUS the loan is not fixed with Orion and after a year or two could be switched to cheaper finance when profits are established. AND last but not least we have 25% of CAF and zinc prices are at a high so we should see a sale or development soon. I think the final point is that I for one am confident of the current management and that has significance particularly with the Orion support. So definitely worth a punt but maybe put a stop loss in just in case 
Elviron1
13 Nov 2016
Re: Projections I mixed up the numbers in the previous post (see below for the correct versions) - the argument stands though. Basically it's likely to take 5-7 years to pay off that debt and that's if everything goes fairly smoothly.7 years:Year Debt (millions ($) Annual repayment (millions $)0 88.0 1 78.0 18.22 67.0 18.33 55.0 18.24 42.0 18.15 28.0 18.06 12.4 18.27 0 13.65 years:Year Debt (millions ($) Annual repayment (millions $)0 88.0 1 73.0 23.22 56.0 23.83 38.0 23.24 18.0 23.55 0.0 19.7
trickler
13 Nov 2016
Projections Has anyone done any projections as to the performance of this co. if 20000 target achieved and based on current cu price?tclr
banner20
11 Nov 2016
Re: Tel No. Brons back Rod webster, he always talked a good game!
Johnsevtwo
11 Nov 2016
Re: Tel No. Tel No.quoted - was the one I rang -negative response.But said all along what a bloody good bloke Donald was ----If you believe that, then you believe anything. -Have just under 1 million of these at 5.5 av.--almost sold two weeks ago. Turning out a better decision than when I back horses--BUT WILL IT LAST ?????
Innsightful
11 Nov 2016
Re: Good to see you around Gav. You still in?
Spight
11 Nov 2016
Post not mine cut and pasted from advfnInteresting read
Spight
11 Nov 2016
Re: Calibration Curve LSE bb:Ok so we have the company saving debt which got us through the hard times of $88mil. Interest payable on that is around 9.3% on average. So $8,184,000 which is £6.5mil pa. Profits made over the year if we can get production to the expected 17,000 and costs down between 4100-200 are as follows. Current copper price is 5810 so.... 5810-4150 (costs) = 1660 profit per ton. 17000 (tonnes prod pa) x 1660=$28,220,000 which converted in to GBP is £22.5mil.Profit minus the debt repayment = £22.5mil - £6.5mil = £16mil pa.Going on a very conservative profit to mcap ratio of 3x profit per year to get to mcap value that equals a value of £48mil. The current SP is £10mil which makes this a potential 4.5bagger even now!Talk of getting production up to 20,000 tonnes per year and costs as low as $3800 but for now we can go with what we expect short term. GLA.
amalthaea
11 Nov 2016
Calibration Curve All you have to do is open a 5 year WTI chart and open a Kitco 5 year copper price next to it. Now look at the price of copper now, see when the price was last at this value and go back to the WTI chart an look at the price at that date.For the past few days this has been a perfect match. Right now it just hiked to $2.72/lb, if it reaches $3/lb we are talking 3p a share.
banner20
11 Nov 2016
Re: ? a UK tel No what news? there will be no news, this is a penny share it increases dramatically even with small increases in volume. Its reacting to increasing copper prices thats all.
Innsightful
11 Nov 2016
Re: ? a UK tel No Hi John,Have you tried the number posted on the RNS dated 7th November? Its +44 (0) 1707 800 774Any news welcomed.Inns
banner20
10 Nov 2016
Re: ? a UK tel No This is just reacting to news that Trump alleges he'll spend $1trn on infastructure, don't think people should get too excited. Like many other holders I'm miles out of pocket. Let see if we can break the 1p mark..........................hooray
Johnsevtwo
10 Nov 2016
? a UK tel No Rang my last known number, only to be told it is no longer operative and do not leave a message. Can anyone supply one in order to obtain news if the rise is through anything other than Cu. price. Like others miles out of pocket here. Help would be much appreciated.
stressboy
10 Nov 2016
Re: Why is no one posting on here? This was on my watch list.Gutted I've missed a 200% rise. Well done everybody inverted here and good luck.
Innsightful
10 Nov 2016
Re: Why is no one posting on here? Not sure why its so quiet on here but this massive increase in volume is welcomed. Very welcome!!What has attracted all this interest to WTI as theres been no recent news that I can find.... Is it just the improved CU price?Inns
