Almonty Industries Inc T.AII

RE:RE:RE:RE:RE:RE:RE:RE:New Pics Underground Development

[QuarterDollar]

I should have been clearer on my original statement:

Drawdown

• The drawdown is according to a fix payment schedule to pay for the equipment and  services. I figure Almonty has 5 more quarterly payments of around $12M each whch has already started.

Loan Repayment

• Almonty started the drawdown in July, which means he loan grace period has started and will end June 2024. Commencing July 2024, the loan repayment period begins.  The loan is to be paid off over 6.25 years which would make each quarterly payment just over $3M.  But I also think the terms of the loan would permit Almonty to pay off the loan earlier without penalties.
• IMO the loan grace period aligns with when Almonty starts to make profits. It will take 1 year to build the mine and another year to ramp up production, which leave Almonty producting at full capacity for 3 months when the first repayment is due. Also to note, if ramp up takes 1 year, then profits during the ramp up phase should be 50% of their total annual profits.  If ramp up takes 6 months, then profits will be 75% of their total annual profts.  Regardless, profits generated during the ramp up phase and the 3 months will be more than ample to cover the first payment.