Altamira Gold (ALTA) Unlocking ApiacasThis has been a superb ride since 2019.
In terms of the review, let's consider the following parts:
Altamira
Gold
Copper
↳ On the Altamira side...
Apiacas is the rainmaker, for context, after five years of waiting they were awarded this massive land package in the largest producer area in the belt. According to very good sources they have at least 1m/oz cooking here. Induced polarisation is already underway (this is where they pump a current through the rock and it comes back quicker if there are sulphates etc). For those who read the latest press release you will have seen very interesting readings there and positive signs, and with drilling starting this month drilling into 100-150m depth and they will look at gaging how far this goes down and start the next chapter.
We are +650% from the lows with both targets above cleared. A home-run for 2020 was the expectation, and a home-run was what was delivered from the Altamira Team. Very well done to those who " swung the bat " and are still holding from 4c/5c !!!
It ought to be known by everyone that is following the flows here that we have a final slingshot move cooking towards $2 in play over the coming Quarters. Highly recommend tracking 25c which is going to be STRONG support over the Summer, we look set for a quick test before a slingshot towards our final targets. For those asking about Gold (which I will come onto next) and if prices drop there, cost of production for these guys is around circa $500/oz, so it's irrelevant for the most part.
↳ On the Gold side...
We were tracking the highs in 2020 for Gold coming miles ahead of inflation, which is important, because the position only appears to be a temporary one, whereas in reality it can be opened up at any point via risk and further contractions in globalisation. This is true for almost 80% of private assets as we are witnessing a decisive move of capital from Public to Private markets.
All the cases of CPI overshoots just show that the function of Gold is not simply consisting of inflationary expectations, rather respective to confidence in the Public Sector. I would recommend looking to the work of Martin Armstrong - for those who have insomnia, a few pages of his work around inflation before bed time is the perfect cure.
After the test of $1,680 we successfully completed the 4th wave targets, before attempting a quick test of the highs in Wave 5, which was more skilfully rejected by sellers on the CPI overshoots. A very wide range is now in play which will be enough to take out the amateurs (and in some cases, masters too!!). For those wondering whether to start withdrawing troops, I will be updating a detailed Gold chart separately this week, as mentioned earlier, is really irrelevant from an Altamira perspective.
↳ On the Copper side...
Sure ok @ridethepig but why is Copper here and what does that have to do with anything?
Santa Helena is the third leg to the stool, this is where they have a lot of copper and other minerals. They have just put a lot of Subject Matter Experts (SME's) out there to put together the exploration program there to target the high grade gold veins, and secondly the copper source. This is also at Apiacas, I think there is probably a lot of Copper there too, will keep an ear to the ground there and keep this one updated.
The financing they have achieved is going to allow them to eventually spin off Apiacas and etc into different vehicles but not till we finish the moves in Copper. For those tracking the Copper chart, it is pulling back from the highs as widely expected. We are going to mark the Wave (4) lows somewhere around $3.30 in Q3 right on time for Santa Helena in Q4 for a move into $5.
Thanks as usual for keeping the feedback coming!
Altamira
Altamira setting up for an explosive move! (15y breakout!)$Alta.v breaking out of a 15 year downtrend. Potential for a 50-100 bagger!
ridethepig | Altamira re-financing leg📌 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 👎
Homerun 2020 Trade - Long $ALTAI 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 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.
