ALTAMIRA GOLD CORPViés de alta
Homerun 2020 Trade - Long $ALTA
Atualizado
I continue to sit on the bid in 
ALTA and smelling jackpot any 'day' in the Juruena gold belt. The focus with this is Brazil and those following in the Telegram will know I am very bullish on Brazil economy and BRL:
A lot of progress on all fronts, however, the thesis is threefold:
(1) ...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.
(2) ...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 coming in H120, and drilling starts in H220.
(3) ...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 2020. Fundraising here is the key to take this last leg into production.
For those tracking the previous idea and levels, we are sitting at the lows right on time for a next round of funding and a key volatility event at the 0.50 level. With that in mind I will adjust the exits lower to allow breathing room as we pass through the noise in this funding chapter and extend targets for the after the fact announcement;
On the Gold front the flows I have previously covered here:
Three fantastic products which has potential of a portfolio of 15m oz, smart money smells the change and is time to start pricing.
Best of luck all those trackingALTA and mining exposure Brazil; as usual keep the likes coming and feel free to jump in with any questions or comments on this one.
ALTA and smelling jackpot any 'day' in the Juruena gold belt. The focus with this is Brazil and those following in the Telegram will know I am very bullish on Brazil economy and BRL:A lot of progress on all fronts, however, the thesis is threefold:
(1) ...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.
(2) ...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 coming in H120, and drilling starts in H220.
(3) ...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 2020. Fundraising here is the key to take this last leg into production.
For those tracking the previous idea and levels, we are sitting at the lows right on time for a next round of funding and a key volatility event at the 0.50 level. With that in mind I will adjust the exits lower to allow breathing room as we pass through the noise in this funding chapter and extend targets for the after the fact announcement;
On the Gold front the flows I have previously covered here:
Three fantastic products which has potential of a portfolio of 15m oz, smart money smells the change and is time to start pricing.
Best of luck all those tracking
ALTA and mining exposure Brazil; as usual keep the likes coming and feel free to jump in with any questions or comments on this one.Nota
+9% and countingNota
Yesterday was a dead day in ALTA with spot trading around 0.65 for the whole session and local volumes low. Flow-wise, the only excitement was average-sized XAU buying on part of spec who are getting ready for 2020 macro moves (FED & ECB clearly scheduled respectively) - expect some more ALTA demand next week.Nota
Large orders can drop me a line...Nota
Nota
Eyes here guys... Something brewing !!!Nota
Heads up hereNota
....INSANE movesNota
Nota
🎊🎊 First target hit 🎊🎊Trade fechado: objetivo atingido
Second target hit
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