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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 QuarterDollaron May 25, 2022 8:41am
246 Views
Post# 34705840

North American Mine

North American Mine
  • What are the chances the mine will be in Canada? I sincerely doubt it with land protests and the Federal Gov't.  So I expect the mine to be in the US and close to the customers.
  • But the cost to build a mid-tier tungsten mine and the time line. I expect it to be $800M and 8 years to complete.  If they start in 2026, then it will be completed in 2034.
  • I don't know if this is possible considering the rollout of Valtreixal and the Moly mines.
  • But waiting 8 years to get a mine to production......... I expect us to have approx $350M in the bank by 2030, which is half the cost of the new mine. 
  • And then 8 years..... I wonder if it is better to buy a tier one mine closer to production so that we can purchase more mines before things get too expensive. Then return at a later date to build a North American tungsten mine.
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