Almonty Industries Inc T.AII

Two Totally Separate Process Plants For Tungsten And Molly !

[5ilverlining808]

Amazing news that puts all our previous thoughts in the toilet and flushed away.
A 4 min video packed with new info.


https://hotcopper.com.au/threads/video-almonty-industries%E2%80%99-asx-aii-stars-align-with-significant-maiden-molybdenum-mre.6872323/

[5ilverlining808]

I must say this was mentioned in this, but it was not clear to me until now :- “We are also excited to formulate a robust mining plan so that this project will run alongside our tungsten mine simultaneously given that both can share the same existing mining infrastructure and the dramatic development cost savings it presents. Being LME traded, it is also pleasing to note the hedging and pricing

[QuarterDollar]

This is all awesome news, but one thing seems confusing to me. In the video is sounds like each resource will have its own mining equipment and operate as individual mines with shared administration. How can they share the same mining infrastructure? Perhaps a better question is what synergies are we leveraging between the two resources other than administration?  I don't doubt LB has

[QuarterDollar]

One more thing to point out. After both Sangdong resources are productionized, any project costing $50M will be trivial to fund.  In other words, we won't be borrowing funds for these projects. We are in the transition process of switching to a Tier One Company, where major projects will cost in the hundreds of millions of dollars. This will be our new reality.

[5ilverlining808]

From QuarterDollar :- "This is all awesome news, but one thing seems confusing to me. In the video is sounds like each resource will have its own mining equipment and operate as individual mines with shared administration. How can they share the same mining infrastructure?" As Lewis said there will be two process plants on the surface, Tungsten process plant at creek level and

[QuarterDollar]

Forgive my ignorance 5ilver, but a mine having its own entrance at the opposite side of a hill seems to me it will have its own shafts that are not shared as the Moly is 150 meters below the tungsten. [ If shafts were shared, the only one that could be shared is the virtical shaft, and if you are sharing the virtical shaft, then why would Moly need its own entrance?] It appears to me the Moly

[5ilverlining808]

Absolutely no need for forgiveness QuarterDollar. The more questions you ask, the more I delve and reassess, so thanks :-) I make mistakes just like anyone else and a good Q&A prompts me to rethink past posts in light of speculation on minimal info. So.....a clarification and rethink. Firstly, my last post was directed at the recent MRE news which targets this new (to us but not new at all

[QuarterDollar]

@5ilver, thanks for your comments as it contributed to providing clarity on the issue I was having such that I re-read LB's comments that lead to the source of my confusion. On July 18th, LB stated I made the mistake of interpreting this statement as sharing the processing equipment for both tungsten and moly. But the processing equipment is NOT existing mining infrastructure as

[5ilverlining808]

Amen to that. Everything you said sounds good. They DO have a mining plan, believe me, and it has been in play for many years. Many , many years. Soon in 3 6 months or so winter will hit the site, so I hope something starts asap to get this mine build to a stage where it is actually a process plant build. There is some thing in my mind, that says this has already started, but as usual we will

[QuarterDollar]

I totally agree with you 5ilver..... they have a mining plan and they are executing it. They already know: the Moly entrance is on the other side of the hill. For sure they know how the mine layout will be with the cross sections with tungsten mine for additional safety and sharing of mining vehicles. LB and team are further ahead than they are letting us know.  But before they