📌 ridethepig | Altamira re-financing leg
Clearly it seems a very fine choice of moment to update the ALTA chart after clearing the first target in accordance with the homerun 2020 idea. This company is getting ready for production, the reliable Juruena gold belt will act as our reliable guardian and for those with a background in Brazilian mining you will know it is one of the better ones.
Buyers attempting to take out 24 cents and mounting an attack on our previous order block and secondary target which comes into play at 40c. For me it is an interesting time to review the initial thesis and introductory remarks that are worth now discussing:
A lot of progress on all fronts, however, the thesis is threefold:
1️⃣ ...Firstly updates coming from contracts which have been signed with a local Brazilian gold mining group, these are the guys who install plants and expectations are now by mid 2020 ALTA will be drilling 700,000 oz at a grade of 1.2 g/t. This is obviously great for revenue and will bring ALTA at least another $2m.
2️⃣ ...On the Western part of the belt they have another project on the belt with one of the largest gold mining producers in the belt, from early reports I have access to from mapping show 4x1km in size, with an average grade of 1.5 g/t. Permits arrived, and drilling starts in H121.
3️⃣ ...While the last leg to the stool is coming from another 60km project with Gold and Copper. Again mapping and surface samples show a lot of Copper with trenching in 2021. Fundraising here is the key to take this last leg into production.
With enormous potential we are set for the volatility expansion.
In the next stage of re-financing ALTA will make good use of beginning production and using the capital as an attacking instrument. Things are quite different in the next chapter, where we will move towards talking of the facts rather than the expectations of production.
Thanks as usual for keeping the feedback coming 👍 or 👎
Clearly it seems a very fine choice of moment to update the ALTA chart after clearing the first target in accordance with the homerun 2020 idea. This company is getting ready for production, the reliable Juruena gold belt will act as our reliable guardian and for those with a background in Brazilian mining you will know it is one of the better ones.
Buyers attempting to take out 24 cents and mounting an attack on our previous order block and secondary target which comes into play at 40c. For me it is an interesting time to review the initial thesis and introductory remarks that are worth now discussing:
A lot of progress on all fronts, however, the thesis is threefold:
1️⃣ ...Firstly updates coming from contracts which have been signed with a local Brazilian gold mining group, these are the guys who install plants and expectations are now by mid 2020 ALTA will be drilling 700,000 oz at a grade of 1.2 g/t. This is obviously great for revenue and will bring ALTA at least another $2m.
2️⃣ ...On the Western part of the belt they have another project on the belt with one of the largest gold mining producers in the belt, from early reports I have access to from mapping show 4x1km in size, with an average grade of 1.5 g/t. Permits arrived, and drilling starts in H121.
3️⃣ ...While the last leg to the stool is coming from another 60km project with Gold and Copper. Again mapping and surface samples show a lot of Copper with trenching in 2021. Fundraising here is the key to take this last leg into production.
With enormous potential we are set for the volatility expansion.
In the next stage of re-financing ALTA will make good use of beginning production and using the capital as an attacking instrument. Things are quite different in the next chapter, where we will move towards talking of the facts rather than the expectations of production.
Thanks as usual for keeping the feedback coming 👍 or 👎
Comment:
+8% and counting here..
Trade closed: target reached
