RE:Tungsten: Jiangxi Copper commence construction at BakutaSangdong and Bakuta seem to be on par as a similar build out time line (2 years), which is far less than 10 years as opposed to the rest that are not even ready to start at all, but just still struggling to find funds and financing for drilling to map out ore bodies. (some, not all).
Almonty has the off-takes for Los Santos, Pana and the new Sangdong mine, and maybe one for the future Val project. ?
i dont think over supply is the issue here for Almonty in the short or long term, and in 10 years time all of Almontys' projects will be happily humming away producing what most could only dream of at the best of terms.
Of course, if all said mines came on line at the same time (10 years or so), as Roskill said for over supply, then...... yes there could be problems for the latter ones.
They just dont have the Almonty teams experience, "connections" and know how in these matters..
Point is that Almonty already has the key off-take buyers in hand, so the rest will have some trying times looking for a similar deal, but....I dont think anyone will come close to what Lewis Black and the Team has done for the shareholders and the Company to date.
The Moly drill results will be of great interest to all of us ie shareholders, Lewis, Korea and banks..
When Sangdong is up and running with proven results then Almonty and the banks might have a more smoother future relationship with more mining projects to finance.
There are a few projects that I think Almonty might go for soon, but maybe after Val is sorted out (hope sooner).
The Roskill Bakuta prediction seems harsh but true, I have not yet seen their website and probably wont until they produce, and that might be the same for others looking at Almonty ?
Nothing to worry about for Almonty because we have what no one else has.
A BIG DEAL DONE.
"Roskill has identified a further 11 tungsten projects that are at an advanced stage of development, averaging a nameplate capacity of 1ktpy W. If all projects, including Bakuta, Sangdong and Sisson, were to come online in the next decade it would leave the tungsten market balance in a state of heavy oversupply. Therefore, Roskill deems it unlikely to see Bakuta operating at the full capacity in the near future."