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Bullboard - Stock Discussion Forum 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... see more

TSX:AII - Post Discussion

Almonty Industries Inc > W Resources quarterly figures out..
View:
Post by lonade on Jul 23, 2020 2:48am

W Resources quarterly figures out..

awfull figures...no surprise with that grade, but even then only 27 tons for the quarter.  
they are seriously burning cash at the moment! the 1 mio loan they just got will not last for more than a few weeks, if at all. does look like we will be the only ones producing again by end of the year.


https://uk.advfn.com/stock-market/london/w-resources-WRES/share-news/W-Resources-PLC-June-2020-Quarterly-Production-Rep/82908680
Comment by chrisp6712 on Jul 23, 2020 8:40am
The failure to produce tungsten at La Parrilla has been evident ever since they began running ore. As soon as the company began pointing out how much tin they were producing, I would have bailed from the stock. It's only a matter of time until they shut the mine down. What a shame. 
Comment by 5ilverlining808 on Jul 23, 2020 11:55am
When Almonty kicks off with production, the high grade ore at the top of the mine, (which seems to have been missed by all the previous miners) will bring the project into a top notch position world wide. There is still 60 odd levels below to mine, and those below the river level are underwater. No probs. The extent of the mines lease area has still not been mapped yet in full,but should be after ...more  
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