Alto Group Holdings, Inc. (ALTO.OB) is seeing shares advance to nearly double where they started the day after releasing news that negotiations to acquire a 50 ton per hour rock crushing plant have been concluded. The equipment has been acquired for production plans in the first quarter of 2011. The equipment will allow for the processing of hard rock, free milling, gold baring material at a commercial rate of 50 tons per hour.Specific details for the purpose of the machinery have not been disclosed, but the news contained information about the purchase resulting from a visit to an undisclosed location for a hard rock gold project that has shown significant potential with the deposit showing averages of over 30 grams per ton consistently throughout the deposit. The Company released estimates for the undisclosed project that projected calculations assuming that averages are constantly met and the equipment runs 10 hours per day of $200 million per year for that project alone. In order to not cast too many hypothetical goals, it was also stated that even if only 10 percent of this production can be achieved, the price per share is still undervalued.
Shares of ALTO are trading up 74.57% this morning to $0.041 as of 11:30 AM EST.
Legal Notice / Disclaimer
This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Andrew Klips (“the author”) has based this document on information obtained from sources he believes to be reliable, but which has not been independently verified; the author makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author only and are subject to change without notice. The author assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, the author assumes no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.
The author does not own shares of Alto Group Holdings, Inc.
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