Almonty Industries Inc T.AII

Lewis Black at todays Investor Forum

[therunner]

For those who missed it, we saw LB give a very good presentation, he seemed very upbeat and relaxed, like someone who knows that the hardest part of the work is done. 
For him the financing is already in the rearview mirror, the drawdown letter from KfW is due either today or tomorrow...
He is pleased that cost inflation is under control, so far expects to exceed the original budget by under 5 %. He was asked about energy costs, they actually dropped slightly in Portugal after recent contract renewal and are well contained in South Korea. He is very happy with their decision to order all equipment long before the financing was in the bag, if the orders were placed now it would take 2 years lead time and would be 80% more expensive. 
He pointed out the big synergies realized by the team, e.g. moving redundant equipment from Los Santos to Panasqueira where it is refurbished by the expert local mechanics and then shipped to Sangdong which probably saves a fortune. 
I asked about the moly, it is on the backburner and we probably won't hear anything before the end of the year. Same with the IPO in Korea, with the present focus on the mine construction and then the downstream project he estimates another 24 months for that.
There were of course the major talking points - the only integrated tungsten producer in the Western world, tungsten now considered as rare earth by the USA, huge potential in case fusion energy takes off etc. etc..etc.
"The biggest deposit with the highest grade forgives a lot of sins" (my favorite).
Almonty is starting to think about M&A again, if the right opportunity presents itself, preferably in North America. Lewis wants to cover all major regions of the free world, with production in the EU and East Asia the logical next step is the U.S. or Canada. He didn't elaborate further on that other than they have set their eyes on growth again.

[QuarterDollar]

I missed the presentation yesterday and I will listen to it when it is posted, so thank you Runner for posting a summary. This is the most important thing that I wanted to hear....... AWESOME !!!!!! I hope Almonty's focus is on Aquisitions ONLY before the Commodity Super Cycle hits. After the Commodity Super Cycle, I won't say no to a Merger provided the terms are right.  This

[5ilverlining808]

Happy Creek springs to mind on that. Very poor managment and no forward progress for similar years to Almonty.

[QuarterDollar]

I don't care what type of mines LB decides to purchase so long as there is high ROI and profits, similar or better than Sangdong. High profits can expedite our growth significantly before the Commodity Super Cycle.

[QuarterDollar]

so it will take 18 months to ramp up production at Sangdong. The downstream project will take another 24 months after that. This means in 3.5 years Sangdong will be at Full Production Capacity............................ AWESOME !!!!!