Thread by @NateSmi19691323

A #TinBaron’s take on $AFM 1Q2021
Hats off to @Boris_Kamstra @AlphaminR for the continued value delivery. A string of consistent solid milestones knocked out of the park while the underlying #tin price is knocking on all time historical highs. Thread on 1Q2021 results. $AFMJF
1/n

Processed LG Ore and bulked up numbers with leftover from 2020 = Set yourself up for success by pulling from LG and leaving yourself HG available. Great time to strategically knock out some opportune maintenance on equip. as well. 2/n

Instead of just plowing through and high grading your available reserves, AFM team is strategically setting themselves up for continued delivery. No flash in the pan blow out quarter here followed by draught. You will see this long view them reoccur throughout. 3/n

Mpama South - New HG Discovery + added a Mineralized Lens = Future Prdn. Exp. Only 750m away for delivery to the existing mill which has additional capacity avail. at this time. – Allows for staged growth of the Mill while BOTH mines are into producing. 4/n

Mpama North – Reserves expansion drilling moved UP from August To May = Continued HG drilling results to pepper the news feed throughout the summer doldrums. Note the intercepts. “7.55 Sn (34.5 g/t AuEq) to 22.5 Sn *103.3 g/t AuEq)”

5/n

-Fine #Tin recovery plant commissioning during June 2021 - Tailings recovery = 5%-10% boost in production (Pathway to 13k Tonnes/Year)

-#Tin Price 1Q2021 $23,083 vs. Today $29,832.50/Tonne (3-Month LME) = BODES WELL for coming 2H2021

6/n

Post Mpama Resource Expansion Drilling leads to Regional Exploration Program Drilling = Blue Sky exploration with intent to discover a third ore body. Bisie is a target rich environment.

7/n

Summary: AFM has shown it can consistently achieve and exceed milestone expectations and has laid out a runway to continue delivering value unlock wins in the near, mid and longer term.

8/n

AFM is a team of professionals at the helm of a strategic Tier 1 #Tin District. They have my applause, my attention and my enthusiastic support. I have a tremendous amount of respect for what they have accomplished and I am looking forward to what they achieve next.

9/n

AFM Stock Halting Drilling News has the corresponding pending assays for release on deck this week. Search through some of the #TinBaron posts to learn more about this critical future of electricfication metal producer and more.

juniorminingnetwork.com/junior-miner-n…
10/10