RE:RE:RE:Congo Bloomfield, thanks I appreciate your perspective on AFM. Although I think you've missed the real potential at the Bisie Tin Project. The resource they have defined there is super high grade, unprecedented globally. Their deposit has a grade average of 4.5%, while most mines in the world operate at grades under 1%. In contained metal, Mpama North alone is one of the most significant tin deposits in the world. The Feasibility Study is based on just that one deposit, while they have they have found tin mineralization in several other areas of their large exploration license. The risk with AFM and IVN alike is not geological but operational. The mine is about to start producing cash flows (recent NR confirms) for the company of over $100 M a year and has a payback of 17 months, while currently defined resources provide a mine life of 12.5 years. All for a market cap of around $200 M CAD. If they can operate successfully without disruption this company has enormous longterm upside. A great deal of the capex raised to build this mine has been at higher prices they they trade now. AFM, risks considered, is an amazing opportunity for at least a small position, IMO. I totally agree with you that one should not fall in love with these stocks, the risks are just too high. But when you consider the capital raised to fund drilling and construction of the mine they are getting virtually no value at all for the best tin deposit in the world. It actually reminds me of the opportunity that IVN was when it traded under a dollar and for less than the cash it had! People get very pessimistic about everything Congo, but the mineral potential is simple astounding. I actually got interested in AFM because of the likelihood of tin becoming the next energy metal to experience shortages and a price explosion.
Did you see the report that Rio Tinto put out about the metals most impacted by new technology? Tin is at the top of the list
https://www.australianmining.com.au/news/metals-will-impacted-technology/
GLTA