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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 > Tungsten prices
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Post by Lockstock1 on Apr 11, 2022 8:24am

Tungsten prices

Almonty looks set for a huge run if $80k tungsten becomes a reality. This is from a newsletter from a new tungsten producer. Although it's promoting their own project in Brazil it has some good insight into tungsten and where it might be going.

"As investors switch into hard assets to protect themselves from inflation, the hardest metal of them all seems set for a major price spike. For what it is worth, I would not be surprised to see tungsten continue its strong move from $35,900 to $80,000 per tonne over the next 12 months."

Full article here - https://eepurl.com/hYMVpv
Comment by QuarterDollar on Apr 11, 2022 10:09am
I have never seen anyone who was able to predict the future price movement of a stock or commodity and the price movement to $80K is a huge increase in such a short time frame. A more realistic price increase for 12 months would be $38K-$40K. In my opinion A more realistic time frame would be 5-10 years to reach $80K. But if I am wrong, I would more than willing to admit it (in a ...more