Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-49

Almonty's Chairman and major shareholder, Lewis Black, has done a great job feeding the media hype around the company and its prospective Sandong mine in Korea

BUT, the fact is, Almonty's Panasqueria mine in Portugal is their only producing mine at the moment and I dont believe it actually produces a lot of tungsten - not easy to find this information out as it is not included in any of the reports I read (perhaps someone else has more info on this )

It is highly likely that the Portugal figures above of 500 tonnes in 2024 is Panasqueria in its entirety - 500 tonnes - is that all ?

EQR is the Australia figure of 1000 tonnes for 2024 vs 430 tonnes in 2023

Im sure we can all see the differences here ?

Lewis Black' hype, as opposed to actual production numbers, has contributed a lot of hype to get it to a market cap of $300M but is it a balloon about to deflate because of the burden of their heavy debt ?

When you look at the production numbers of EQR and the market cap, I know where the most upside is !