Alk Chart, page-9

I totally acknowledge your well considered post MadMax69.

None of really have a true understanding of what lies at Boda. It is clearly an important component of the val that will only be known at a later time.

Having said that, my lay person's assessment of the wider state of all asset markets leads me to be extremely bullish on the POG in a year, or two or three. None of that is taken into consideration in any of today's valuations of any miners including Calidus and/or Genesis.

It is possible that a sustainably higher POG may not happen. If so, my valuation will be overstated albeit with limited downside. Long term I suspect ALK will be acquired by a cashed up major, of which there are many. Mid - late commodity cycles are invariably accompanied by a flood of M&A activity.

Should Boda be the prize management believe it is, none of my external thesis will be important.