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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

Comment by lonadeon Mar 01, 2022 4:11am
170 Views
Post# 34470067

RE:Case for Mine Expansion

RE:Case for Mine Expansioni would say that it really mostly depends on the willingness of korea to bring it forward. 
the more incentives and acceptable conditions they provide to the company the more could be achieved on an expedited basis. it's really in their hands to provide a good framework around the expansion scenario.

but let's not forget that even without the expansion, this mine will be a cash cow for countless years.

just imagine in what bad situation the company would be, if they would have signed a premature deal and unsustainable rates / conditions years ago. look at financial situation of Wres, they have a financing that is killing them. the offtakers are just paying (till now..let's see for how long) enough to keep it running in their own interest. but shareholders are slowly left with nothing...


Almonty couldn't  be in a sweeter spot at the moment.  In addition we are holding nicely in these difficult conditions, companies dropping 10-30% the past weeks. A bit of decline is natural, we can't completely decouple ourselves from the global negative sentiment...
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