A lot to like at Alto. Good spend on exploration and some nice grades. Still early days in the big scheme and a lot of capital needed to be raised to prove up the resource - normal for an explorer but could be seen as a negative especially with the cost of doing any business these days. You don’t see valuations of projects with multiple pits needed to make up a resource getting valued to well as of late, although we do have grade on side. I also bought a small parcel and will keep an eye on it.
AUN hold the land surrounded by us with a resource. Previously MDI who sold to AUN.
AME Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
