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AME alto metals limited

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Have always thought Westgold would like to add them to their...

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BaltasarG

4,386 Posts.

2060

21/12/22

21:47

Post #: 65407044
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Originally posted by PetrStiff: ↑

thanks for sharing @BaltasarG. listened to the interview on the way back home from the work.

so key points here are:

(1) 2022 drilling program done
(2) MRE update due calendar year Q1 2023 (I am suggesting this is around 800k oz).
(3) new single rig drill program to commence calendar year late Q1 2023
(4) new drill program is fully funded from recent CR
(5) no mention of scoping study
(6) hoping to hit 1moz in 2023. Did not sound convincing. So maybe 1moz is drilled by end of 2023 with a 1moz MRE update in early 2024.

The total omittance of any comment regarding studies/feasibility suggests Alto is looking drill up a resource and sell to a larger player. Whatever. That's fine with me as long as we get some bags.

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Have always thought Westgold would like to add them to their stable.

Surprised they haven't already.

AME Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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Have always thought Westgold would like to add them to their...

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