RE:RE:I don't get itcubesoftungsten wrote:
Lots of stuff is "iminent" but not actually completed. I expect we'll get another jump once production officially starts, then another one once Tungsten from Sangdong starts hitting the balance sheets. The thing with mining is that even if a mine if constructed, it may not be profitable or the equipment may not function properly so its understandable that people would be cautious.
How about adding in the value of the Moly project, once an offtake agreement is signed. That orebody was valued at 2 BILLION dollars several years ago and as Lewis pointed out there is no value whatsoever included in the price per share today.. We just learned that SK is now the second largest user of Moly now, up from 4th, so there is some pressure probably in the background to get a deal done.
With a completed offtake agreement, the intrinsic value of Almonty would have to go up ,......say $1.00 per share on the news??
I have been very frustrated with Lewis over past few years on lack of progress and info etc, however the once thing I must admit is that sooner or later what he is promising (projecting) (proposing) does come to pass.