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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

Post by Descheneson Jun 16, 2021 9:14am
345 Views
Post# 33394477

Big Moly price Increase

Big Moly price IncreaseThe charts I look at show that there was an increase in the price of moly from $34.75. us per kilo, to a whopping $50.50 us per kilo over the last couple days.  This is a big deal for Almonty, if they prove up the moly deposit at Sandong, and include it in a revised 101.
i looked at a lot of the news releases over recent months and realized that there has not been a new release stating that the drilling has actually started.  There was several mentions in NR's that it would be started,   Does anyone have  specific info, as I thought it was supposed to start in April and with 6 months planned drilling the project could have been done as early as mid October.
I would like to be wrong on this!


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