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Almonty Industries Inc ALMTF


Primary Symbol: T.AII

Almonty Industries Inc. is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain, the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal, the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain, as well as the evaluation and expected re-opening of its Sangdong tungsten mine project located in South Korea.


TSX:AII - Post by User

Comment by lonadeon Sep 14, 2020 2:44am
166 Views
Post# 31551194

RE:RE:RE:RE:RE:RE:RE:RE:I added some at .64

RE:RE:RE:RE:RE:RE:RE:RE:I added some at .64 i don't fully agree with there...

the signing / closing of the final puzzle pieces of the financing is one of the biggest milestones of the company.

if someone has any interest in taking a bite at Almonty then that milestone could be one of the reasons following which they approach management.

the money is in the bank, unmatched conditions etc...

the longer they wait the more expensive it will become for them....

you could say that there is a risk for construction/start of production...well Almonty has done that part also better than any of the competitors; pilot plant for verifying that the rates can be achieved, EPC contract with one of the best Korean contractors. KfW has done a good job showing the world that this mine will work; to put it another way!

so the risk left for someone who knows tungsten is much lower.

dont get me wrong; i also prefer it to happen in two years than now; if at all.

anyways, the chances are very small since very few in the world have the knowledge to get Sangdong running and then actually run it as planned.

enough on that topic for me..these weeks are exciting/pleasing enough!

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