Oct 03rd 2013 - Edison Investment Research today published a report on Initiation entitled "Tungsten Explorer On The Verge Of Production". In summary, the report says:
W Resources (WRES) is currently focusing on near-term production from its 100% owned La Parrilla tungsten and tin tailings project in Spain. The company expects plant commissioning to be completed by end-2013. This will provide cash flow as the company continues to develop the adjacent La Parrilla mine, a low capex operation that could be producing by 2017. In addition, WRES has a compliant resource of 4.5Mt grading 0.3% tungsten trioxide (WO3) at its Régua deposit in Portugal. The company also has exposure to precious metals with its Portalegre gold project in Portugal where it recently identified a 3.5km gold anomaly.
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