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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 1dollarinto2on Sep 08, 2023 3:17pm
111 Views
Post# 35626730

RE:RE:RE:RE:RE:RE:RE:RE:Average Target Prices

RE:RE:RE:RE:RE:RE:RE:RE:Average Target Pricesrockminer56, the information on commmissioning and ramp up period is taken directly from Almonty's May presentation available on the website, so nothing new there.

Lewis has suggested the timeline is very conservative and alluded to other potential timelines while speaking in various presenations; however, for now the only official information I am aware of is what is in the presentation.

Gastown, I have consistenly been a supporter of Lewis; however, in the current I am weary of the delays in progress updates and am hoping the delayed updates are not an indication of construction delays.

Please anyone, correct me if I didn't read or hear this correctly, Lewis did commit to monthly or more frequent construction updates did he not?

rockminer56 wrote:



The article isnt dated and it is hard to establish exactly when it was written, although it was posted in Resource World 24 hours ago.  

I find it dismaying if correct as it seems to suggest that Black is quoted... "The Co. has penciled in Project commissioning to be complete by the END OF NEXT YEAR.  This will be immediately followed by a year long ramp up period."
Am I correct in reading that, this would be the end of 2024 for commissioning and ramp up in year 2025??

No wonder this is a penny stock with a price today of .48 cents.  The only tiny bright spot is that there is a 90,000 bid at .475-.48 cents, so someone is still accumulating stock


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