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 > Growth

<< Previous

Bullboard Posts

Next >>

Comment by QuarterDollaron Jul 18, 2022 1:50pm

205 Views

Post# 34831918

RE:RE:Growth

I have been reviewing Valtriexal and Panasquiera....
Both will have an approx 20 year mine life.
The grade of Valtriexal will drop in half after the first 5 years of mining.. that is by 2030.
So basically, the profit from these two mines will be around $5M...or 2 cents a share.
Considering European water rights issues and the difficulty to build a mine in Europe, Almonty will need to start looking for another European mine by 2030. This needs to be done if LB intends to keep Almonty mines in close proximity to customers.
Perhaps it would be a good idea to find one and purchase it as soon as the cash reserves start accumulating. Also, it would be preferable to find a mine that was at least a tier 2 mine. I was thinking about the Barruecopardo Mine that Ormonde shared ownership, but it looks like as of Feb 2020 they sold their share for 6M Euros. Looks like Saloro is the new owner and commenced production in 2019.