Q: Peter, as a speculative stock would you buy, hold or sell ALTA? When will they produce gold/silver? Thank you.
5i Research Answer:
Even with a 120% one-year gain, ALTA is tiny at $81M. It has about $4M current cash. It has not disclosed a firm, dated production start timeline for its Cajueiro or other Brazilian projects; the company remains in the advanced exploration and trial-mining / engineering phase rather than committed commercial production. Management and MD&A discussions reference engineering and design studies for a 1,000 t/d plant and permitting progress but do not commit to specific years or quarters for construction, commissioning, or commercial production ramp‑up. We would consider it a HOLD for speculative investors only.