Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Copper

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

Almonty Industries Inc

<< Previous

Bullboard Posts

Next >>

Post by QuarterDollaron Jul 14, 2022 10:02am

208 Views

Post# 34823776

Downstream Plant

If profit is somewhere between my calculation and Blueskies.......well for that matter, if it was as low as $40M per year, why would we need to send a LOI to KfW for a loan of $50M for the downstream plant?
In my opinion, well there isn't a reason unless LB wants to send a clear message to the SK Govt and industry stating their commitment to this initiative. LB did say around the announcement of the downstream plant that he didn't want to muddy the waters around the NR and to send a clear message.
But if we look at the timeline, Sangdong will be at max capacity in 2025. Valtreixal commencing production in 2025. Perhaps LB is trying to expedite the buildout of the downstream plant in which Almonty would need the loan.

A comment on the $75M..... actually not all of the $75M is needed for the rollout of Sangdong. If I recall, it was more like $65M and the remainder was for cost overruns. LB did recently state that he was trying to control costs, which to date run at approx 4% or $2M - $3M. Perhaps I am misremembering this fact and someone could correct me.

<< Previous

Bullboard Posts

Next >>

Eminent acquires promising Nevada gold project