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 > Dolphin update

<< Previous

Bullboard Posts

Next >>

Comment by QuarterDollaron Sep 14, 2022 1:56am

226 Views

Post# 34961021

RE:RE:RE:RE:RE:RE:RE:Dolphin update

@blueskies.... sry I don't have the time to look it up. I am extremely busy with work for the next 6 weeks, and I have 2 major presentations on automation intelligence to prepare.

GTP agreed to purchase 45% of the output to a maximum of 210K MTU. LB has publicly stated that GTP will get the first dibs at the trough until their quota has been met. Then the remainder will go to SK. So whether the quota is met by the initial startup phase or the 2nd ramp up phase is inconsequential. That was the original plan, but the plan has changed where Sangdong is now going to full capacity without a secondary ramp up phase.

Many times over the past several years LB has made statements about production would be in the 500K range. In fact I think it was published in an Investor's Presentation a few years ago.

The 45% (i.e. 210K) did align with the numbers 470K - 550K I think they stated in the UK webnar. But according to LB, total production is expected to be 25% - 45% higher than this.

Find the UK webnar and give it a listen. It is great to some one other than LB give their point of view of Almonty. If I recall, in this case it was First Berlin.

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China