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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Metals & Mining Industrial Metals & Minerals
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

Almonty Industries Inc > Almonty Valuation
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Comment by QuarterDollaron Aug 19, 2022 12:54pm
167 Views
Post# 34907721

RE:RE:RE:Almonty Valuation

RE:RE:RE:Almonty Valuation@blueskies
  • The only opportunity Canada's currency will ever approach or exceed par with US currency is when the world or North America is coming out of a major recession.
  • Canada is resource based economy and resources are one of the first things that is in demand when coming out of a recession.
  • The US economy is like a the big 705ci Chevy block engine and Canada is the two stroke weed whacker.  It takes time for large economies to get going, but when they do, Canada can't compete.  Canada doesn't have the investment, infrastruture, nor the population to compete with the US.  So you are safe to use an exchange rate of 20%-25% above the Canadian dollar.....and you won't be predicting the future.
  • One last comment, I think we will be lucky to see the Canadian dollar at par with the US one time over the next 40 years.
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