Alphamin Resources Corp V.AFM

Alternate Symbol(s): AFMJF

Metals & Mining Industrial Metals & Minerals

Alphamin Resources Corp. is a Mauritius-based company, which is engaged in the production and sale of tin concentrate from the Bisie Tin mine in the Democratic Republic of the Congo (DRC). The Company sells its product to one customer, Gerald Metals SA. The Company’s Mpama South development project is adjacent to the producing Mpama North mine and comprises a new underground development portal, processing plant and associated equipment. The Company has developed and brought the Bisie Tin Mine project in production. The Company’s subsidiaries include Alphamin Bisie Mining SA, Alphamin South Africa (Pty) Limited, Alphamin Holdings (BVI) Ltd, and Alphamin Holdings (BVI) Ltd.

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Alphamin Resources Corp

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Post by figtraderon Mar 11, 2021 8:37am

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Post# 32770738

Alphamin is producing 3% of Globally Mined Tin

The LME tin price has increased from approximately US$18,497/t during Q4 2020 to a current level of ~US$26,000/t, which bodes well for the Company’s 2021 earnings.'

Alphamin’s trump card though, is that not much is known about Bisie’s other exploration targets. There is reason, however, to believe that these targets will show similar levels of high-grade mineralisation. Their license area is immensely prospective, and the company aims to initiate various exploration initiatives. As such, Alphamin is considered a productive asset, highly profitable with massive blue-sky potential.

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