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Strategies & Market Trends : Ride the Tiger with CD
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To: Claude Cormier who wrote (303951)5/22/2024 2:35:53 PM
From: Sultan3 Recommendations

Recommended By
31Floors
onepath
ralfph

  Read Replies (1) of 313652
 
Personally, I am not sure where they are headed in terms of revenue etc.. My main reasons for holding Almonty for a long long time is based on a few factors..

1. Tungsten is a critical metal (on all of the western country lists) and main supplier has been China.. Western countries obviously are looking for a source outside of China since they don't want to rely on China for Tungsten.. Similar thinking as Uranium.. With all the skirmishes going around the world, apparently Tungsten stockpile has been depleted by Western countries, including USA..

2. Almonty is the only Western Tungsten Producer with operating mine in Portugual, another mine in Spain which is going through permitting process etc. Portugal operations have been running for some 125 years and one of the reasons Almonty claims a lot of experience and expertise.. Portugal mine is being expanded another level due to demand from EU..

2a.. Both EU and US Govt. officials have visited Almonty to line up supplies although Almonty has mentioned the visits, no further announcement of any agreements etc..

3. The main reason to get excited about Almonty is their project in Sangdong Korea which will come online this Fall.. Commissioning.. Sangdong is world largest Tungsten mine with above average grade and low cost production and just a fraction of th resource has 80 years mine life.. Sangdong has a quite a historic past in building Korean Economy until early 1990s when China flooded the market with low priced Tungsten and eventually the mine closed..

4. 50% of the slated production of Sangdong is already spoken for with really favourable arrangement for Almonty and the buyer is invested in Almonty and hence consider insiders and other 50% will go for South Korean market since SK is a big importer of Tungsten..

5. Sangong developement loan of about $80 million is at very favourable terms to Almonty..

6. Insiders, including CEO owns big % of Almonty..

Their main exchange is obviously TSX.. But it also trades on Germany and Australia.. Once Sangdong is operational they plan to list on Korean Markets because Korens are a bit miffed that they lost this huge asset to a foreign company..

Last but not the least, you can find all Almonty presentations at IIF Investment forum on the thread I have..

FWIW

p.s. Only thing I am watching with Almonty is thier startup of Sangdong Korea without a hitch..
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