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 > Buying Opportunity Today

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Post by geezer21on Jan 24, 2022 10:13am

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Post# 34352092

Buying Opportunity Today

Price of tin has risen to all time high of $43,955 USD/ton today.

The USD index climbing and up to 96.07.

Alphamin increased production in Q4 to 3,144 tons.

Alphamin gave a 12,000 ton guidance for 2022

Alphamin is making tons of money denominated in U.S. dollars.

Q4 Report (11 Jan '22)

                                         Q4           Q3       Change

Contained Tin (tons)       3,114          2,832         10 %
Contained Tin Sales (tons)     3,056          2,710         13 %
EBITDA (USD Million)            74       53.17        38 %
Net Cash (USD Million)          68               1.04
Dividend                                 0.03                0

Q3 Report