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4.9¢ alt resources limited

Ann: Bonanza Gold Grades from Southwark Deposit, page-29

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chickendinner

878 Posts.

48

14/05/18

13:50

Post #: 33078274
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Originally posted by Midnight26 ↑

Once again, it's not a "terrific find". That's a misleading statement. It's not a "find" at all. Look at the multitude of historical holes on the plan.

This project was drilled out years ago and they would have done the numbers on it years ago - it's a known resource. All ARS have done is plug a few holes into it and done a big CR - easy money.

The critical question is why wasn't it mined years ago? POG, unfavourable metallurgy (certainly a factor), economics didn't stack up, not enough tonnes, environmental bonds, all of the above? It's pretty obvious that it's a supergene enriched orebody and they're going to struggle to find a lot of tonnes in the fresh rock.

Has anybody sussed out why it hasn't already been mined? If I was thinking about investing in this I'd certainly want to know.

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Hey Midnight you've had a 'sell' sentiment on this even before Bottle Creek was in the picture
You didn't like Alt when it only had Paupong, Mt Roberts and the Norseman ground when it was at a rock bottom cap of $4m
Something else about this company you don't like, or you just trying to turn people away for whatever reason

ARS Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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