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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.


TSX:AII - Post by User

Bullboard Posts
Comment by 5ilverlining808on Jul 17, 2020 8:53am
202 Views
Post# 31280153

RE:RE:not sure when the buying will start

RE:RE:not sure when the buying will startI agree with GastownGuy and you chizzles, but I also think that the "phase 2" financing (whatever it is, or entrails) might be the jump-off point for the spike that we are expecting.

Remember when we reached $1.10 and it held for many days ?
I'm still not sure what caused that, but it just shows what might happen when more is expected in late July 2020
So.......the "400 ib Gorilla to 800 lb Gorilla" should morph into "Godzilla" 

From July 13 2020 NR :


"Almonty is now in possession of the definitive loan documents for the KfW-IPEX Bank Project financing, which we expect to execute later in July 2020."

From July 2020 pres. :


"2020 production of 125,000 MTU WO3 in 2020 will be imediately increased by more than 200% to ca.
400,000 MTU WO3 once Sangdong ramps up production
Sangdong‘s ROM and capacity upgrade will push the production profile of Almonty by ca. 50% to around
700,000 mtu Wo3
With Sangdong Almonty will produdce 30% of all tungsten outside of China and 7-10% of global supply."

How is that folks, good, great or "Godzilla" ?


Bullboard Posts

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