Alphamin Resources (AFMJF) in Old West Investment Management Q1 2024

World's Highest-Grade Tin Mine and Strategic Expansion

Apr 15, 2025

Summary

Operates the highest-grade tin mine globally, with low production costs.
Expansion plans include opening a second high-grade mine.
Risks involve tin market volatility and geopolitical factors.
Strong cost advantage with production costs below $15k per ton.
Future outlook supported by increasing tin demand and strategic growth.

Alphamin Resources (AFMJF, Financial) was featured in Old West Investment Management's 1st-Quarter Investor Letter 2024 Q1 for its operation of the world's highest-grade tin mine. The company is strategically expanding by opening a second high-grade mine, maintaining a strong cost advantage with production costs below $15k per ton, which positions it well amid increasing tin demand.

"In this environment, we continue to like Alphamin Resources. They have the highest-grade tin mine in the world and are about to open what will be the second highest grade mine. These extremely high grades translate into very low production costs, which have allowed them to remain profitable even in the face of wild swings in the tin price." — Old West Investment Management, Q1 2024 Fund Letter

Read full letter at gurufocus Old West Investment Management's 1st-Quarter Investor Letter 2024 Q1 page.

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