Almonty Industries Inc T.AII

New Press Release - Almonty Industries Celebrates Designation of Yeongwol County as an Opportunity Development Special Zone to Enhance Sangdong Mine Expansion

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), is pleased to announce that the Company’s Sangdong Mine has been recognized as a priority site to attract large-scale corporate investment. The South Korean Ministry of Trade, Industry...read article.

[5ilverlining808]

Clarification requiered. This statemennt is wrom=ng. "Currently, the construction and civil engineering progress at the processing plant has reached 53.23% as of November 14, 2024, achieved within approximately 90 days since the work commenced."

[whoisyourpapa]

Well I guess we now know the real reason why there were no pictures of the mine construction for months. . . because there was not much to show, maybe just a retaining wall and foundations deep in tot the ground?  If they keep up the same construction pace I guess the mine will be completely constructed in the next 90 days. The latest IP posted a few days ago still has "START MINING

[TELEMARKER]

which of the following 2 is wrong? Currently, the construction and civil engineering progress at the processing plant has reached 53.23% as of November 14, 2024, ......achieved within approximately 90 days since the work commenced."

[5ilverlining808]

From the past July update I would have put the present process plant completion at 85 to 90% today. This was way over 90 days ago. But sadly plans always change on the run. I was on the team of Woulfe Mining Corp. a few years before Almonty took over, and by that time it was in the third or forth revamp of plant design. This plant initially was fully designed in Jakarta and ready for construction

[whoisyourpapa]

All the ambiguity with the construction timeline is very frustrating but nothing new with these guys. . .  Hopefully LB will provide some clarity at the December 4th IIF, but maybe he'll just confuse things further who knows whois