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Alto Group Holdings Announces Company Concluding Negotiation to Acquire 50 Ton per Hour Rock Crushing Plant
Marketwire “Press Releases”
NEW YORK, NY — (MARKET WIRE) — 12/06/10 — Alto Group Holdings, Inc. (OTCBB: ALTO) (” Alto Group ” or the “Company”), an innovative mining and commodities trade company headquartered in New York , announces company concluding negotiation to acquire a 50 ton per hour rock crushing plant.
This equipment would allow the processing of hard rock, free milling, gold baring material at a commercial rate of 50 tons per hour and this equipment has now become part of management production plans in the 1st quarter of 2011. The company’s gold exploitation efforts have taken a new direction due to management’s recent visit to an undisclosed hard rock gold project showing gold grades that are potentially averaging above 30 grams per ton consistently throughout the deposit. This along with other strong production targets assembled are part of a larger consolidation plan that has prompted the company to obtain this equipment. Assuming production can be established maintaining an average of 30 grams per ton, running 10 hours per day the daily output would total 500 tons or 15,000 grams of gold per day. With gold at approximately $1,400 per ounce, or 43 dollars per gram, the company could have substantial production of as much as $600,000 per day in gross gold recovery output. This amount translates to potentially over $18,000,000 dollars per month or over $216,000,000 gross per year at maximum output maintaining the production grades mentioned above. Management feels that if even 10% of this potential is realized the long term price per share of the company is undervalued considering this example represents only one of the many projects that are in the company’s pipeline in 2011