ALK 3.61% 43.0¢ alkane resources limited

Ann: Significant Expansion to Mineralisation at Boda, page-39

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    I tend to agree with NikolAL, that the results of this announcement are not great if taken in isolation. We need to know more about the core/pod to get confident about the economics of the project. However I find it hard to reconcile Nic's heightened excitement on his recent Proactive interview with average prospects. Given my confidence in him and the management team I will trust that they know something we don't, or that they can see the bigger picture more clearly.

    I am hoping that this because they know the core is there and they are excited about the expansion of the overall system. In respects drilling for the pod, the announcement tends to indicate this is about to start, or if already started, it will be of higher focus. From the announcement:

    "The high-grade mineralisation is the focus of further drilling and a drill hole will commence shortly testing this zone normal to the NW structural corridor"
 
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