I have drawn reference to this in as earlier post .....but you have to take any references to Newcrest and Cadia / Ridgeway .....in incremental "pieces" ....just as ALKANE will do ...and BODA drilling , and this first deep hole ( circa 1200 metres) as really , ALK'S first real strike at the prize .
The Newcrest regularly published Briefing Book , is a great publication as to how complex and prized Newcrest views its portfolio ...and indeed , how it sees CADIA/ RIDGEWAY unfolding with bloc`k cave mining in the long term
http://www.pngx.com.pg/wp-content/uploads/2019/09/Newcrest-Briefing-Book-CLSA-Conference-in-Hong-Kong-Citibank-Gold-Conference-in-Sydney.pdf
Suggest that you whet your appetite ..and have a good look at it . Slide 52 shows Cadia / Ridgeway and the various ore bodies , over a 5.5km stretch .
I'll be happy if the Boda drilling demonstrates that its ore body might replicate even a 50% like for like of Cadia East ...and in particular , that if the drilling is still open with commercial copper/gold , when the reach the initial 1200 metre depth !!
The hole that was started to be drilled and completed pre Christmas ...and the next planned additional 4 deep holes underway ...will be only be a mini step . on how all this is likely to play out over coming months/years .
Happy to believe that each hole , will add incremental value to the price and Project --overall .
The market will both get far far ahead of itself at times .. but at other times , like now ......the market cap for ALKANE is ridicuously low , given the sum of the parts and what Boda could bring to the table .
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40.5¢ |
Change
0.010(2.53%) |
Mkt cap ! $244.4M |
Open | High | Low | Value | Volume |
40.0¢ | 41.3¢ | 39.5¢ | $220.1K | 544.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25080 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 47000 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25080 | 0.405 |
1 | 2500 | 0.400 |
2 | 20000 | 0.395 |
4 | 67564 | 0.390 |
3 | 17471 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 47000 | 4 |
0.425 | 35000 | 3 |
0.435 | 20798 | 4 |
0.440 | 18901 | 4 |
0.445 | 31858 | 3 |
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