AII 0.00% 66.5¢ almonty industries inc.

Waiting waiting waiting for Sangdong, page-4

  1. 1,231 Posts.
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    5silverlkning808 please don’t shoot the messenger.

    sorry to tell it straight. Unfortunately the $75m capex forecast to build Sangdong was established three years ago before you and I were paying $2 for petrol !

    sadly this Korean bbq bill will cost at least $125m by the time it’s finished. Management know that and just want to pick the right time to tell you.

    I am sticking with Group 6 Metals in Tassie and Pilar Gold in Brazil.

    Pilar’s Bodo mine and mill is already built and Group 6 are more realistic on what it costs to build a mine.

    my bet is your mine starts late 2024 not late 2023 and watch out for another CR!

    Goodluck all!
 
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