Almonty Industries Inc T.AII

An Old Lemon Ready To Be Squeezed Again...

[5ilverlining808]

https://www.australianresources.com.au/wolfram-camp-mine-one-step-closer-to-coming-back-to-life/

[whoisyourpapa]

This mine used to belongn to Almonty but they wrote it off in 2018. . . 

[5ilverlining808]

Yes, I know that, and it was then put into the hands of a mob that liquidates and sells off what they can to pay off the creditors and contractors. I dont know how much was recovered from the sales of on site equipment, but after looking at the site on Google Earth there seems to be not much missing as far as buildings and process equipment goes. It is just a tear drop in the eye compared to

[QuarterDollar]

There has to be a good reason why LB dumped this mine and it has to be related to costs.  Or perhaps it was a trade-off between owning Sangdong or Wolfram which again is related to costs.

[5ilverlining808]

I think Wolfram Camp was just too small and also in a maintenane mode at the time of the Sangdong take over. I remember that Lewis said it was just not worth it to keep it due to the massive scale of the Sangdong mine reserves. Good move.

[whoisyourpapa]

Possibly the only good thing we got out of the Wolfram camp is Deutsche Rohstoff AG as shareholders who have proven to be very supportive of Almonty whosi 

[QuarterDollar]

@5ilver, if Wolfram is too small then profitability would be minimal at the most. So we can forget the fanfair for this stock.