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Bullboard - Stock Discussion Forum Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

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... see more

TSX:AII - Post Discussion

Almonty Industries Inc > ON THE WAY TO BECOMING A SIGNIFICANT TUNGSTEN PRODUCER
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Post by TechOne on Dec 30, 2020 2:33am

ON THE WAY TO BECOMING A SIGNIFICANT TUNGSTEN PRODUCER

Almonty focuses its business on tungsten, which belongs to the group of strategic metals. Tungsten has an extremely high thermal toughness and density. It has the highest melting point of all metals, as well as the most remarkable mechanical strength. Tungsten is often used as an alloy.

Currently, Almonty's activities are predominantly in Europe with mining, processing and shipping of tungsten concentrate from its Los Santos mine in western Spain and its Panasqueira mine in Portugal. In addition, the Company is developing the tin and tungsten project at Valtreixal, in northwestern Spain.

However, central to Almonty's growth is the development of the Sangdong tungsten mine in Gangwon Province, South Korea. Here, the foundation was laid in December to provide financing to become the largest tungsten producer outside China. In the future, it aims to meet around 30% of demand outside China and approximately 7% to 10% of global demand. Plans call for ramping up production starting in 2021. The mine is expected to have an operating life of 30 years or more.

Given rising tungsten prices, extremely favourable financing, low-cost structure and long mine life, analysts at First Berlin confirm their buy recommendation with a price target of CAD 1.45. The share can thus easily double. Given the current market capitalization of around CAD 120 million, the potential of such a large mine of a critical commodity is still far from being priced in.


https://news.financial/comments/glencore-almonty-aurubis-scarcity-drives-share-price#toc-almonty-industries-inc-on-the-way-to-becoming-a-significant-tungsten-producer
Comment by 5ilverlining808 on Dec 30, 2020 8:42am
Exposure is a plus. This is what I was hoping for on more general news platforms as oposed to dedicated mining news platforms. Spread the word Almonty.
Comment by lonade on Dec 31, 2020 3:28am
more exposure is good... the additional headwind we will face this year is the huge push to EV, Renewables etc...the market seems to have chosen that these topics will be the driver for 2021 and that's where everybody is shifting to. i had already invested in two plays in EV, carbon reduction, hydrogen etc...and they are exploding! one could now state that tungsten is also needed for this ...more  
Comment by Tungride on Jan 01, 2021 1:34am
Lonade, a Korea exchange listing has sounded very promising for us for a while. I don’t understand how sp changes in Korea impact our TSX held shares. My understanding is different listings behave mostly separate. Can you provide a brief explanation how secondary listings might improve our TSX shares?  Happy New Year everyone
Comment by GaiusGermanicus on Jan 01, 2021 4:44am
Suggest you Google the term "Arbitrage".
Comment by lonade on Jan 01, 2021 1:41pm
5ilver basically gave the key word as to the mechanism... if there is a huge interest in Korea, the shares will be "sucked" from the TSX and Germany; the more interest from Korea the higher the price; demand drives the price.... but for me it's more about the question if new shares will be issued (which i do not see generally negative in this context)...it would not surprise me if ...more  
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