Almonty Industries Inc T.AII

Reopening the Sangdong Mine: South Korea’s Quest for Tungste

[whoisyourpapa]

https://keia.org/the-peninsula/reopening-the-sangdong-mine-south-koreas-quest-for-tungsten-autonomy/

[therunner]

Interesting article whois, thanks for posting. "...there are concerns in Seoul that the foreign ownership and operation of the Sangdong mine—once the nation’s greatest asset—underscores potential limitations on Korea’s autonomy over its mineral resources."  unquote Do I sense a certain discomfort that the Sangdong mine is owned by foreigners? 

[whoisyourpapa]

Probably.  I think this is why LB has been treading so lightly. . . If the South Korena Govt wants the mine in their control they can by it from us.  $10/share shoub be fine :) whois

[TechOne]

Odds of that happening in few years is quite reasonable..  If the Govt. decides a South Korean company should own it..     They can pay $ 10 bucks a share now and take it over.. I will vote for it..  :)

[Natrav54]

That would imply a valuation of about $1.6 billion for Sangdong.  

[GastownGuy]

be careful what you wish for. the mine in korea is just one asset of almonty. any govt purchase of that mine would have nothing to do with almonty shares. negotiated price and payout into the companies coffers.