Almonty Industries Inc T.AII

RE:Investor Presentation: Moly

[5ilverlining808]

QuarterDollar wrote:

• Periodically I re-review the Investor Presentation because the is a lot of information that is condensed in a few pages and there is a good chance I may have missed something, but at the same time, I try to be careful not to draw my own erroneous conclusion based upon some of the statements.
• But the top right of page 26, it says Offtaker Group Structure and there is mention of Molymet (21%).
• Well Molymet is a global company that has 35% market share in molybdenum processing worldwide.
• Molymet
• What does that 21% mean? Do we already have an offtake agreement with Molymet?

Good to see an inquizitive mind at work for a change 1/4$. :-)

I'm not sure, but I think part of the Tungsten offtake from Plansee might be used in the Molymet area, as this arm does seem  to need some Tungsten in its mining sector.
Ceratizit was some thing that I missed, a tooling company.

As for the Moly offtake agreement there might be a letter of interest / intent, but as we know the extensive drills planned were slated to be done and fully mapped out by now, and the Korean Govt. wants a chunk for there critical metals stockpiles as well.
I dont know if it's Covid or cash, or a combination of both, but no offtake agreement will not be made until the Moly deposit is fully mapped with a FS and permits approved.

Now as we go deeper we have 60 levels or so of existing mine, which most below the process plant level are flooded, and the Moly deposit is 150 metres below that.
Stop press.
Just had a quick look, and chrisp seems to have mirrored my thoughts before I posted.
Uncanny, but 15 years could be reduced a bit depending on demand.