News blog

W Resources

• BY: Andrew Hore |
• POSTED: 22/01/2013 |

W Resources has gained Spanish government approval for the La Parrilla tailings project, which should be in production during the second half of 2013. 

The company expects to produce 28,000 MTU of tungsten and 26 tonnes of tin every year. That equates to annual revenues of €7m.

The capital cost of the project is €1.3m and the company still has to secure finance for this. Last November £633,000 was raised at 0.325p a share.

At 0.43p a share, W Resources is valued at £6.88m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2013_40.pdf