Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Industrial Metals & Minerals

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.

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Comment by QuarterDollaron Mar 16, 2022 11:02am

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Post# 34518364

RE:RE:RE:RE:FWIW

GastownGuy, I am not sure who you are referring to when you say metal experts.
As far as I understand, the tungsten market is not a well understood market, which is one of the reasons that makes new investors nervous to invest in.
It is unlike any other market that is controlled by a board.
China has a major influence on tungsten price and not the free market.
Buyers have contracts with producers, so compared to other markets, there are relatively small number of key players in the whole scheme of things.
How is a metal expert going to know the tungsten contracts between supplier and consumer, unless they are participating in the contract.
In other words, the tungsten market is like a closed market.
But I think we are on the precipice of change. Tungsten is moving towards a technology metal. Plansee is the one that is selling their tungsten products to the world with a stable, reliable supply, which for the most part doesn't exist in the tungsten industry.
If you look at what LB has done thus far, he doesn't care about what the investment market or metal experts say. LB is building relationships with Tier 1 companies. Tier 1 companies plan for decades, not a few years. This is where the 1%er's of the world put their money. Think about it.... if you had a few billion dollars, how much of a nighmare would it be for you to constantly keep moving your money around just to try to keep making profits. This is why 1%ers own the majority of the big things that the world totally depends on, because it is a long term steady cash flow for them.
This is one of the reason why I say, Almonty is not a small company by any means. Their structure is similar to Berkshire Hathaway.........and we all have heard of Warren Buffet.
Almonty is a company that is going to take a lot of time to reach maturity because it is the 800 lb Gorilla in the Room. It is another reason why I said this stock is for your grandchildern. But over the next 10 years, we will make a nice tidy profit.
You are entitled to disagree with me.
On another related note, China is going through another COVID outbreak and lockdown. Now we will go through another supply chain disruption. All of this impacts when we will draw down on the loan.