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 Mon Feb 7, 2000
Excerpt from Bottom-Fish Action for week of Jan 24-Feb 4, 2000
    Publisher: Kaiser Research Online
    Author: Copyright 2000 John A Kaiser

 Excerpt from Bottom-Fish Action for week of Jan 24-Feb 4, 2000

Altoro Gold Corp (ATG-V: $0.41)
Top priority BF Buy ($0.30-$0.49) for 2000

Altoro Gold Corp (ATG-V) released the final assays on January 20 for its Pedra Branca platinum-palladium project in Brazil. Altoro is still awaiting assays for rhodium, which is present in the system. Rhodium recently doubled in price to $2,000 per ounce. Back in 1987 Rio Tinto tested samples from a zone not far from the Esbarro zone that graded 0.4 g/t rhodium. At current prices such a credit would add about US $25 to the rock value, assuming the rhodium is recoverable. Platinum and palladium have stunned the market by shooting above $500, a level that is finally igniting interest in juniors exploring for platinum group metals. The big news from Altoro that the market initially ignored was that the holes in the Esbarro Zone yielded broad intervals of 14-41 metres that graded 1.3 to 2.9 g/t combined platinum and palladium. The Esbarro holes extended the zone down dip and along strike. The strength in the platinum group market and the latest results may save the day for Altoro, whose price jump on Friday reflects a significant shift in investor sentiment toward PGM plays. *JK owns shares of Altoro.

 
 

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