47 Reasons to Invest in Alto Metals, page-6

@tommoc

Interesting observation. I suppose multiple pits have higher higher capex and opex and hence attract less value? Any examples?

Its pretty easy to filter out 99% of junior resource stocks so I don’t often do my due diligence on pit geography. I need to add this to my checklist! Really appreciate your comment tommoc.

Its approx. 20km from Lord Henry to Piper. They are all open pit prospects. So assuming we have a ROM and Mill halfway then that’s just a 10km run. Not ideal but probably no biggie.10km is where I think you begin to look at road train transport rather than mine truck haulage. Perhaps we have 2 primary crushers and conveyors?... Oroya (next drill target) is a fair distance away however.

I do believe its blue sky potential for resource growth underground and the geology suggests this. The satellite deposits are mostly low hanging fruit and low cost drilling opportunities. I think its smart capital allocation. Deep holes burn more cash.