PR PersonI believe Lewis mentioned during the presentation Almonty has secured a PR person. Based on the volume of information posted on Facebook over the last couple days it seems the PR person has started. It's nice to see.
Thanks Whois for the post on Dundee. I'm very happy to see the share sale is complete, 3.347 million shares sold from January through the end of March had to have a significant impact on the share price. Good Riddance.
Mining starts early 2024, tons of material on site already to be processed, Lewis has mentioned in the past ramp up will likely be quicker than scheduled, but good to be conservative for now, slide 18 is a positive forecast, I'm going to build these projected cash flows into my model at some point in the next week, looking forward to the result, I'll share it in case anyone is interested. $24.1 million in 2025, $54.7 million in 2026, $63.7 million by 2027 and for many years thereafter. I estimate there will be some cash flow from Sangdong in 2024 too and I believe there is some upside based on a few of the comments from Lewis.
Slide 23 may need a review by Almonty:
"Sangdong construction completion in 2023, ramp up in 2024, 25% of construction already completed. Strong economics FCF of ~US$300m p.a. by 2030 ONGOING"