RE:RE:ALMONTY INDUSTRIES - TUNGSTEN GOES TO AUSTRALIA5ilverlining808 wrote: The author seems to put more faith on the Moly deposit for Almonty future stock value.
I cant argue with that, but it does show a lack of knowledge or awareness on the key ingredient... "Tunngsten".
It must be very hard for some to put a Companies value stock price on something that is not up there with Gold and other well known commodities.
Excerpt :
." The Sangdong molybdenum deposit is also exciting, valued at today's prices, it would triple the total Almonty value on the stock exchange. "
This excerpt stumped me as to why it was even included in this article, but if you read the article after this it will all become clear. A long read but well worth it :
"Tungsten is also needed for many military purposes and can only be replaced by uranium in its applications."
https://www.bbc.com/news/magazine-28263683
Say NO to dirty bombs !
"
Back in 2006 (LOL) when I started investing in this stock it was a moly play. The stock was called OTL (as many of you here know) and it was trading for around $3/share. I think moly at the time was trading at around $75.00
The tungsten back then seemed to just be a nice side play.
We should get moly drill results right around the same time as the ASX listing. . .
whois