Altamira Gold (TSX-V: ALTA) - Time is moving quickly, People wasting it, I try to work hastily
Matthew Gordon, Ptolemy Capital
Altamira Gold is a gold exploration company that holds over 200,000 hectares of mineralized projects in Central Brazil.
Founded in 1994, Altamira Gold appears to have had a tough time of things as of late, looking at the share price. The market cap is a modest C$3.5M, and the share price has been fairly volatile for much of the last 12-months, settling at C$0.04 today.
Bennett gives us the background of Altamira Gold. Bennett himself is an experienced geologist, having operated in South America for over 30-years. Between Bennett and chairman Alan Carter, they have discovered 5Moz of gold over the last 20 years, mainly in Bolivia and Brazil. Bennett claims that Altamira Gold always believed in the potential of the Alta Floresta belt to produce world-class gold resources, despite much doubt from the outside.
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