Based on how highly anticipated the drill hole was, I must say the interval isn't at all that exciting IMO. Outside of the 119m interval of 1.47g/t, all that is remaining is 570m of 0.249g/t: hardly that economic in my opinion, especially considering the size of the plant required to move that amount of tonnage. Anything down dip 600m to the north east is very low grade.
Furthermore, good old grade smearing at its finest: outside of the small high grade shoots the 119m at 1.47g/t basically comes down to 97m at a whopping 0.873g/t.
ALK is Too expensive at these prices given the results IMO and if I had any major profits I would sell into the euphoria. GL all and happy investing.
Ann: Significant Porphyry Au-Cu Mineralisation Width increases, page-62
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