AME 1.75% 5.6¢ alto metals limited

Ann: Shallow high-grade gold from Lord Henry & Exploration update, page-10

  1. 752 Posts.
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    IMO

    There is non

    they were ready to let this go in 2020 if it weren't for FIRB issues with the TO

    Market turned bullish so they decided to wing it raise some $$ to expanded resource to hopefully sell higher

    what is going to come back and bite them is when they realize that the offers they were getting had already priced in the upside potential and no one is going to want to pay much more then what was offered previously.

    There is no path to production here. It's questionable if the recent development to the known prospects are even minebale.

    gold in a bear market.

    even excellent drill results won't move the market

    nothing is moving the market on the spec end
 
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