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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

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 QuarterDollaron Aug 02, 2022 3:26pm
194 Views
Post# 34866469

RE:RE:RE:RE:Two Totally Separate Process Plants For Tungsten And Molly !

RE:RE:RE:RE:Two Totally Separate Process Plants For Tungsten And Molly !
  • Forgive my ignorance 5ilver, but a mine having its own entrance at the opposite side of a hill seems to me it will have its own shafts that are not shared as the Moly is 150 meters below the tungsten. [ If shafts were shared, the only one that could be shared is the virtical shaft, and if you are sharing the virtical shaft, then why would Moly need its own entrance?]
  • It appears to me the Moly will be its own separate mine entrance with its own separate infrastructure. Actually, I don't mind if they are independent mines, but I quess my question comes down to this, what percentage of the costs will be shared between the operation and build of the two mines.  Is it 5%? 10%? or more?  At the moment, this percentage doesn't seem very high to me.
  • I think if LB can get a 20%-35% cost saving between the two mines would be awesome, but what do I know. I just want to know what that percentage is.
  • The only areas of cost savings I see are administration, connecting mine shafts between the two mines to transport loaders, and drillers and other mining equipment between the mines. I think this would happen while one of the mines was down for maintenance. 
  • I am not very curious about the build out of the Sangdong tungsten mine, nor the downstream plant as both seem straight forward to me. But I am curious about the Moly mine and the execution of cost saving measures. There is something about this that is peaking my interest.
  • LB is really a stickler for cost savings so I am very confident he will accomplish this. 


  • Actually, I have another question......if Moly will have its own equipment, will Almonty have to invest another $75M + the cost of inflation?  I guess it is a little early to be asking this question. Hopefully we can get an answer in a year's time. 
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