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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 5ilverlining808on Jul 17, 2022 10:24am
171 Views
Post# 34829723

RE:RE:RE:RE:Valtreixal

RE:RE:RE:RE:ValtreixalAs I look furter into it, maybe Almonty should wait for Los Santos to end.its life cycle.
After looking at this Los Santos video,

https://youtu.be/VN3qcx-CymU

you can see that all the equipment, support and building structure steelwork, walls and roofing, conveyors and so on, are in pristine condition. Like almost brand new.

Lewis strives to cut costs, so all of Los Santos could be dismantled and reused for the Val project.
The only thing they cant reuse is the concrete foundations and slabs.

They should also have all the detail and design drawings from Los Santos to easily lay new concrete foundations and slabs.
All the engineering has already been done and just a few geo ground tests and some tweeks to site layouts will make all this less expensive.

As with most "end of life" mines, the Govt. bodies wants the site to be returned to as close as possible to original previous state, ie soil remediation and replanting native vegitation.
Due to climate change and the big holes in the ground at Los Santos, this might be an exception for a future water reservoir, which might take decades to fill, but would future proof the country in drought.
Tungsten is not toxic and does not float.

Any way, it is all ifs and buts at the moment.


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