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Altamira Gold Drills and HitsBob Moriarty It is typical that the gold and silver markets often begin a correction at the time of the most important gold shows. The Beaver Creek invitation show begins on September 9th, next Tuesday. Look for a correction in silver and the resource stocks to begin shortly. They will move higher later but corrections are both necessary and desirable. Way too many people are mumbling about $500 an ounce silver next week or so. It ain’t gonna happen. At least not next week. The general stock market as measured by the DOW and the S&P are up at all-time highs and like the cliptocurrencies, are in a desperate search for a pin to prick their bubbles. Should we fall into a liquidity trap, gold will serve its ultimate purpose, that of providing liquidity in an emergency. The markets will sell off everything, including gold and silver. The Japanese Bond market is blowing up and could start the liquidity implosion. Beware. Gold and silver will recover. The rest of the crap won’t. I wrote a piece about Altamira Gold (ALTA-V) last May. Their share price was $.11 a share. You could buy gold in the ground in Brazil for $12 an ounce in USD in a former placer mining camp that had produced millions of ounces of gold. The company raised some money and said they were going to drill. They had a market cap of $22 million in May with 212 million shares. Now they have a market cap of $66 million with 265 million shares but given the success of their drill program, now you have to belly up to the bar and fork down $34 USD an ounce. I look around the bar and it seems to me that investors are paying about $67 an ounce in USD for similar stories. I think Altamira is still cheap. On May 5th, 2025 Altamira Gold released a maiden 43-101 for their Maria Bonita gold project, one of nine porphyry targets identified so far in their Cajueiro property. The new resource nearly doubles the amount of gold drilled so far at Cajueiro to 1.42 million ounces in total. Within the press release that came out on the 2nd of September that woke the stock up from a deep sleep there was an interesting graphic showing the hole they just sent off to the lab for assay. Hole MBA032 is a mere 100 meters from the hole MBA029 that reported 146 meters of 1.0 g/t gold within 213 meters of 0.8 g/t Au. But hole MBA032 showed 500 meters from near surface of the same sort of rocks as the company found in MBA029. Look for assays in the next two to three weeks. (Click on image to enlarge)
Altamira is an advertiser. I have bought shares in the open market and will participate in any upcoming private placement so that makes me biased. It is these tiny low market cap cheap stocks that will gain the most in percentage terms. I liked the stock at higher prices; I love it down here. Altamira Gold Corp ### Bob Moriarty 321gold Ltd |
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