Don't see exagerated drilling.
- We needed to drill DZP to help determine the amount of money we'll get from ShinEtsu for 10% of the DZP
- more drilling at TGP to extend the resource is just an obvious thing to do, now that cash from gold sales will be coming in
- same imO for further gold prospecting. Having two
legs to stand on (DZP in case the world-economy is good, gold in case it sucks) is what got me into Alk in the first place (same for YTC, with copper instead of zirconium etc). Having sold one big project and having a small one in production, it makes sense to explore more when it can be done without dilution. Which is what TGP allows us to do ... (and compared to the cash needed for the DZP, we are talking peanuts anyway)
Ann: Half Year Accounts - 31 December 2013 , page-3
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Last
49.0¢ |
Change
0.020(4.26%) |
Mkt cap ! $296.4M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 49.5¢ | 47.5¢ | $239.5K | 493.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31340 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 2793 | 2 |
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