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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.


TSX:AII - Post by User

Almonty Industries Inc > New Pics Underground Development
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Comment by QuarterDollaron Sep 04, 2022 12:15pm
223 Views
Post# 34940802

RE:RE:RE:RE:RE:RE:RE:RE:New Pics Underground Development

RE:RE:RE:RE:RE:RE:RE:RE:New Pics Underground DevelopmentI should have been clearer on my original statement:

Drawdown
  • The drawdown is according to a fix payment schedule to pay for the equipment and  services. I figure Almonty has 5 more quarterly payments of around $12M each whch has already started.

Loan Repayment
  • Almonty started the drawdown in July, which means he loan grace period has started and will end June 2024. Commencing July 2024, the loan repayment period begins.  The loan is to be paid off over 6.25 years which would make each quarterly payment just over $3M.  But I also think the terms of the loan would permit Almonty to pay off the loan earlier without penalties.
  • IMO the loan grace period aligns with when Almonty starts to make profits. It will take 1 year to build the mine and another year to ramp up production, which leave Almonty producting at full capacity for 3 months when the first repayment is due. Also to note, if ramp up takes 1 year, then profits during the ramp up phase should be 50% of their total annual profits.  If ramp up takes 6 months, then profits will be 75% of their total annual profts.  Regardless, profits generated during the ramp up phase and the 3 months will be more than ample to cover the first payment.
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