Our $5.5mil cap raise on 22/10/2022 yielded a discovery cost of $18/oz and moved us from 331koz to 635koz.
Assuming an equal discovery cost of $18/oz our expected resource growth with the $7mil cap raised in 11/11/2021 is 1.02moz!
And this is disregarding the improved discovery momentum and efficiency from what is now an even stronger geological model.
Looking forward to the update in march 2023 and the continuing flood of high grade drill hits! The scoping study is surly going to commence next year! so much catalysts and such an amazing business Alto is. Love how the market is discounting this as it gives us time to buy more and more!
