Alto Group Holdings Inc fka ALTO

[fxcm77]

Anybody can give me a honest opinion for my valuation below?


1000000 OZ of Gold.

Example Base on 1 mill OZ of Gold:

Nothing is found and there is only 1000000 tons of recoverable ore
450,000 oz gold equivalent at 0.45 opt. produced from 1mill oz Gold.

1:- 1000000 oz / $1400 per oz = 1.4 bill-revenue-gross
2:- 3 year life of mine at 50000 oz gold per year= $210 million at 1400/ounce.
3:- Cost to mine/mill = $60 million at $200/ton=Net cash = $150 million.
4:- Net cash/share=$2.30 based on 65 million shares O/S

With 10Mill OZ all above/10

10 mill OZ/$2.30= $23.00=230MC