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Alphamin Resources Corp. V.AFM

Alternate Symbol(s):  AFMJF

Alphamin Resources Corp. is a Mauritius-based company, which is engaged in the production and sale of tin concentrate from the Bisie Tin mine in the Democratic Republic of the Congo (DRC). The Company sells its product to one customer, Gerald Metals SA. The Company’s Mpama South development project is adjacent to the producing Mpama North mine and comprises a new underground development portal, processing plant and associated equipment. The Company has developed and brought the Bisie Tin Mine project in production. The Company’s subsidiaries include Alphamin Bisie Mining SA, Alphamin South Africa (Pty) Limited, Alphamin Holdings (BVI) Ltd, and Alphamin Holdings (BVI) Ltd.


TSXV:AFM - Post by User

Comment by TickerTwiton Oct 18, 2021 11:55am
138 Views
Post# 34018334

RE:This trash is overbought, be careful, it's going to tank

RE:This trash is overbought, be careful, it's going to tankI realize you created your userid today solely to pump TV and trash AFM, but for the sake of argument let's dive in.

AFM is about to eliminate its debt while tin price is still riding high. TV is not about to, and likely will still have large debt when zinc price heads down-cycle again. Zinc going below 1.15 for long enough will put TV out of business; tin price must fall much further (proportionally) before AFM -- free of debt -- faces an existential threat.

AFM is not as hedge-crippled as TV and will benefit more fully from high metal prices.

TV is pushing a fluffed-up NI-43101 for Rosh Pinah, in a jurisdiction where high mining-cost inflation will blow the cost estimates all to Hades.

I think there's money to be made in both, but TV will be the weaker of the two. I have small long positions in each of them, weighted 70% AFM, 30% TV (for the reasons above).

Your turn.

.
Bidbig wrote: Check out Trevali instead. Big money to be made!

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