Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In about three weeks, tungsten play W Resources (WRES) is about to go into commercial production at its La Parrilla tungsten and tailings project in the Estramadura region of southern Spain in a development which chairman and number one shareholder Michael Masterman argues should generate annual revenues of £5.4 million and cash flow of between £1.5 and £2.3 million. This could have a major impact on the AIM-quoted company, which lost £410,000 in 2012 but is now seen as heading into the black, provided its projects bear fruit.
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