AME alto metals limited

Thanks for sharing. Agree with commentary. It appears studies...

  1. 634 Posts.
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    Thanks for sharing. Agree with commentary. It appears studies are of no interest to Alto. This may suggest a life style company of sorts. I think Alto is quite happily burning retail cash to discover ounces for future developers and operators (West Gold or GS). So we are certainly intending to sell out at some point.

    Some other highlights:

    * $16/oz discovery cost. Very cheap
    * 1moz unconstrained resource. Good to see Alto not hyping this and putting more focus on the pit shell constrained numbers.
    * Looks like Alto is looking for multi-million ounces. So that's probably another 3 years of drilling or so haha!. Unless the gold market goes rabid.

    https://hotcopper.com.au/data/attachments/5180/5180265-cda2479256059318e17baf33ec3b3cbd.jpg

    https://hotcopper.com.au/data/attachments/5180/5180266-bee34a5eac95b28876d1137cf08d98d6.jpg

    https://hotcopper.com.au/data/attachments/5180/5180292-8560b0552429d129dc9529683f1ea6a2.jpg
 
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