AII almonty industries inc.

Ann: Almonty to Participate in Sidoti Small Cap Conference, page-8

  1. 1,203 Posts.
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    They just got a Military general on the board I am sure he will work wonders extracting the Tungsten at a cost that allows the company to profit.

    One thing that I have not heard discussed by Shareholders is the fact that Korea as a whole has a very small mining industry. Something like 50% of mining personal is foreign labour. I imagine for a highly skilled work force which would be required for a large underground tungsten mine and tungsten processing plant a lot of the highly skilled work force would need to come from international markets. Korea is not like Australia or Canada when it comes to a large pool of skilled mining workers. Something to ponder when thinking about being the bastion of the western worlds tungsten supply.

    "In 2019 the mining sector employed 6,088 people (a decrease from 6,381 in 2018) and accounted for 0.02% of total employment in the country (total employment was about 27.123 million people).

    https://pubs.usgs.gov/myb/vol3/2019/myb3-2019-south-korea.pdf


 
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