Almonty Industries Inc T.AII

Dolphin update

[TELEMARKER]

ASX Announcements - Group 6 Metals Limited (g6m.com.au)

[5ilverlining808]

As one wise poster wrote long ago (to my delight) went something like this :- "One day we will turn our backs on all the others and show them our middle finger". I'll never forget or stop laughing about that. Never. I did say our updates is over due. Almonty has the historic trend to hold back info until the next step is well and truly on track or completed. This delay gives me

[blueskies]

Thanks for sharing this update Telemarker I listened to the interview, it sounds like Group 6 Metals will soon be producing tungsten. I see this as potentially positive for Almonty if the restart of the Dolphin tungsten mine can bring more attention to the industry just a bit in advance of Almonty's mine coming online. Also nice to see another mine just about to start operating that we can

[5ilverlining808]

Go Tungsten. I like your comparisons. I have had the pleasure to meet the Geo Engineer that assayed and inspected Sangdong as well as Dolphin in respects for minability on both sites. The plus for Sangdong was the steady grades and longetivety of the mine to last beyond our lives, and the fact that old tunnel structures seem to be stable. The plus for Dolphin was a short burst of high grade ore

[5ilverlining808]

Just a point on longevity of mine life for Dolphin. Almonty has the 15 year $500 mil off-take with Plansee/GTP for only 45% of what we can sell initialy. That is a solid deal, and before this 15 year deal is ready to end, a upgrade to the deal might be made. Dolphin might be exhausted and dead as a working mine by then (14 year minr life to date). 55% more to sell for Almonty and new deals to

[whoisyourpapa]

15 years $750 mil I believe whois

[blueskies]

Yes, I believe you are correct for Almonty with a floor price guaranteeing $750 million sales over 15 years for 45% of production. Could be higher depending on prices but at the offtake floor it was $750 over 15. On the Almonty offtake, can anyone confirm if the 45 per cent gets put on to the full scale production now that the plan is to ramp up immediately or is it only on the originally planned

[QuarterDollar]

yes,  it is $750 million sales over 15 years. Original was $500 million over 10 years. As for the 45% for GTP, that translates to 210,000 MTUs.  This number was stated in one of the earlier webnars and I recorded it in my spreadsheet.

[blueskies]

Interesting I would be very appreciative if you were able to dig up a reference for that. I'm not doubting you I just haven't been able to find the answer before. The reason I'm so interested is because if the offtake agreement is for about 210,000 mtu's then that is 45% of the ramped up production level or close to the estimate of ramped up production level which is now

[QuarterDollar]

@blueskies.... sry I don't have the time to look it up.  I am extremely busy with work for the next 6 weeks, and I have 2 major presentations on automation intelligence to prepare. GTP agreed to purchase 45% of the output to a maximum of 210K MTU. LB has publicly stated that GTP will get the first dibs at the trough until their quota has been met. Then the remainder will go to SK