#WRES La Parrilla mine due to be in production in 2016

La Parrilla is an investment opportunity that is coming to the boil with finance news due anytime soon and production due to commence 2016 Q4.

Some of the positives for La Parrilla are:

  1. Tungsten (APT) prices have risen to US$210 per tonne, which is a 29.6% increase since January of this year.
  2. Largest mine of its kind in the western world.
  3. High tungsten grade.
  4. Finance costs for stage 1 estimated at $16m compared with $100m for comparable operations. Low operating costs of $121 MTU as a shallow pit open mine.
  5. 1st stage fast track mine expects to deliver a minimum of 1200 tonnes+ of 66% tungsten and 400 tonnes of tin.

For production to commence in 2016 the latest date for finance to be arranged is September.

It would therefore be reasonable to expect finance news to be announced in the very near future.

 

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