I don't see Boda/Kaiser as being "mothballed", I see it as a work in progress that has just completed one (necessary) project phase out of quite a number of phases. We have a scoping study to a +-35% accuracy, before any work to improve metrics. There will be continuing exploration for higher grade near surface resources which is likely to increase ROI. There will be continuing work on Environmental approvals (which take two years minimum). There will be an underground scoping study (I thought I heard that in the web session) to complement the open pits.
This is the first time that potential partners will be able to run their own analyses - and change their own risk/reward parameters - and engage in meaningful discussions with Alkane management. It's still good news, even though the time frames are longer than we might like - IMO.
ALK Price at posting:
54.5¢ Sentiment: None Disclosure: Held
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