Nice overview of Alta from bigmoney
Alta is still an explorer, but due to the proven resources and the enormous profitability as well as the
obvious interest of a major (Fortescue), I personally see hardly any risk compared to a "normal
explorer".
In my view, it is less a question of whether, but rather when and who will take over this explorer
and develop it into a mine.
So there is significantly less or no risk of investing in an explorer than usual and that at a hugely
undervalued share price compared to the benchmark.
The value of the company should be based on the proven resources.
And in this respect, Alta appears to be massively undervalued from my point of view.