Alto Ventures (TSXV: ATV) is Being Valued at Just $4 EV/Gold Ounce: Ubika Research

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    Alto Ventures recently sold its Windfall East Project in Quebec to Beaufield Resources, boosting its treasury for exploration

    Ubika Research has released an analyst note on Alto Ventures Ltd. (TSXV: ATV), an exploration and development company focused on three core gold properties in Canada. Alto Ventures recently sold its Windfall East Project in Quebec to Beaufield Resources, boosting its treasury for exploration.  Alto is currently being valued at just $4 EV/Ounce Au, which is significantly lower than the historical average acquisition cost of $40-60 EV/Ounce Au for gold “in-the-ground” resources for companies at the Exploration stage.

    Related: Oxford Lake Has the Potential to be a Large Gold Deposit, Says Alto Ventures CEO

    To find out more about Alto Ventures Ltd. please visit the company’s Investor Hub.

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    Ubika Research/SmallCapPower has received compensation from Alto Ventures Ltd. to provide analyst research coverage. For full disclosure please visit here >>