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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 Dec 04, 2023 3:43pm
163 Views
Post# 35767726

RE:October IFF Presentation

RE:October IFF Presentationrockminer56 - I am very optimistic on Almonty as is likely pretty clear from past posts. I have a couple items to add some color to from your post.

1. You mention you think Lewis was telling us something when he says get your cameras out, don't read into this comment as telling us something to expect. Lewis was making the point that the schedule in the presentation has not changed, if people want take a picture and review it do it, or they could wait for a couple days until the presentation is on the website. Lewis has at times been bombarded with people asking about scheduling, his point is to look at their official presentation for the current schedule and that it hasn't changed since the last time. Nothing more, nothing less.

2. As for accessing the IIF presentations, they have not been made intentionally hard to access by Almonty or IIF. The presentations get posted to youtube within a day or so of being given at/on the IIF events. All you need to do is search for Almonty IIF Youtube.

For full information, Almonty keeps a current powerpoint presentation on their website, in past they have been updating this presentation right around the time of the IIF events.

For mining activities, based on the schedule from the last presentation, yes mining is supposed to begin in 2024 and yes, this should be a sellable product. Almonty also has a bunch of ore on site ready to process from underground construction. As soon as the plant is built, Almonty should be able to start producing sellable ore.

I believe the ramp up in 2025 is the time planned to increase production from 2,300 mtu's to 4,750 mtu's from page 15 of the most recent presentation. Historically the plan was to produce 2,300 for a while first before the ramp up but I believe Almonty determined the demand was there to begin the ramp up as soon as the mine is operational. This would be a good question for Lewis during the IIF presentation, could also be others on stockhous that can clarify. 
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