KarkoSide
Sep 25, 8:05 AM
Whatever happens in the short term, I believe the really exciting phase for
$ALM is only beginning. As production ramps up, the coming quarters should increasingly reveal Almonty’s true earnings and cash-flow potential. If management delivers on its production targets and tungsten prices remain supportive, there could be plenty of earnings-day celebrations over the next few years. While major mining names such as
$FCX,
$RIO,
$BHP and
$SCCO demonstrate what strong commodity cycles can do for cash generation, Almonty offers a much more concentrated exposure to tungsten. My personal long-term target remains
$30+ for
$ALM. Under a successful ramp-up scenario, I see that level as increasingly achievable. Short-term volatility doesn’t change my long-term thesis.
