Altaley Mining (TSXV: ATLY) after facing some resistance this morning, broke out BIG late in the afternoon and closed up by 14.75% to its high of day of $0.70 per share!
ATLY after today's release of its record breaking 2Q 2021 results is currently generating net revenue at a run rate of $73.92 million, EBITDA at a run rate of $38.916 million, mine operating profits at a run rate of $36.224 million, and net income at a run rate of $30.272 million!
This is all from ATLY's Campo Morado Mine, which is the sixth largest zinc producer in Mexico! The whole entire reason that NIA's President made ATLY his #1 largest position is due to his belief that ATLY's Tahuahuato Gold Mine will become one of the highest grade and lowest cost world class gold mines in all of Mexico! He had no idea that ATLY would become extremely profitable from Campo Morado alone, months before Tahuahuato launches production!
Even after ATLY shocked the world by becoming profitable in 1Q 2021 with net income of $3.802 million, nobody predicted that ATLY's 2Q 2021 net income would nearly DOUBLE to $7.568 million!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from ATLY of USD$100,000 cash for a one-year marketing contract. NIA's President has purchased a total of 1.25 million shares of ATLY that he continues to hold. This message is meant for informational and educational purposes only and does not provide investment advice.
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