Opinions
Rick Rule
Alphamin Resources Corp
AFM-X
RISKY
Jul 19, 2024
Stock price when the opinion was issued
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Requires tolerance of political risk. It is in a very hard part of a very hard country. It is a two days walk away from a road. The average grade of this Tin mine is three times the grade of any other Tin mine. If the political risk turns into a negative political reality you could lose a lot, however.
The price of tin is less important to this company then it is to other tin producers, because their grade is so high. The grade is about 10X the average mine grade for tin worldwide. Thinks they will be able to announce production finance fairly shortly. The construction schedule will take some time. The Congo is a hard country, and this is in a hard part of the Congo. Not for the faint of heart.
Owns shares in company - great long term hold. Lowest cost producer of Tin on the entire planet. Congo very hard to produce with geopolitical risk. Good for risk tolerant investors.