Next week will be significant for WRES investors as they should find out the impact of the RNS released 16th December 2015 regarding the strong assay results and the potential impact for the La Parrilla mine.
- Tungsten grade is 3 times that originally used to establish the mines potential.
- Tungsten is just under the surface. Reduced operating costs?
- Significant increase in resource estimation.
JORC information expected January 2016 (i.e. next week).
We know that Michael Masterman tends to be be conservative rather than bullish with the information he releases into the public domain.
It wouldn’t therefore be a surprise when the JORC information is released that the upside is higher than expected.
It will be interesting to see what impact the above has on the share price next week.