Below is the reference to Alkane in the article... Gold retreat...

Below is the reference to Alkane in the article...

Gold retreat
Gold producers have had to give back a fair whack of their spectacular share price gains for the year because of gold’s price retreat to less than $US1300 an ounce.
Alkane Resources (ALK), owner of the 60,000 ounce a year Tomingley gold mine in NSW, has been a big exception. Its shares were trading at 20c back on June 30 yet closed nice and strong at 55c on Friday.
While the mine did well to generate a pre-tax profit of $14.3m in the June financial year, there has to be some other explanation for Alkane’s outperformance.
And for that there is no need to look further than the Alkane’s annual report, which includes an updated Top 20 shareholders list. Surprise, surprise, up bobs Rob Millner’s diversified investment house Washington H. Soul Pattinson (SOL) with a holding of 5.5 million shares or 1.1 per cent of the company.
SOLs is as canny as they come, and its entry on to Alkane’s register has got people thinking that the company’s shot at the big time must be close to hand, not through Tomingley as sweet as it is, but through the $1 billion-plus development of its world-class Dubbo zirconia (and hafnium, niobium, tantalum, yttrium and other rare earth elements) project.
The Dubbo project is all permitted to go and there has been plenty of chatter around Alkane overcoming the last hurdle — the development cost.
The project has global strategic appeal from industries ranging from renewable energy, aerospace, emissions control, defence, health, electronics and energy efficient lighting, among many others. Make that doubly so because of China’s dominance in the supply chain of the materials that Dubbo could produce.
Located 25km south of Dubbo at Toongi on mixed cropping and grazing land, the project’s time might just have arrived. That’s the speculation anyway around SOLs appearance on the register.