IPT 0.00% 1.3¢ impact minerals limited

Ann: Broker / Investor Presentation, page-17

  1. 373 Posts.
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    We all have choices in life & make our own decisions - whether you waste it as a non investor commenting or spend your time in a more creative manner adding valued information to forums - surely there are many other companies you can research & make money !

    Just to value add - these are comments from Earner regarding ALK with the search / finding of Boda porphyry.

    "However, as Alkane managing director Nic Earner told MNN, it was far from an overnight success story."People don't tend to look at a company until something happens so for many people, Alkane were off the radar and so it looked sort of like ‘oh, these guys have arrived here, drilled a hole and it's fantastic'," he said."It's just not true for us in that region. We picked up the majority of those tenements in '97 off CRA and then [technical director] Ian [Chalmers] also consolidated a number of other tenements."We've effectively been drilling there for at least 15 years in that region, including many drill holes in that particular Boda corridor."The first diamond hole was drilled to follow up a reverse circulation hit of 311m at 0.28 grams per tonne gold, completed in 2016.The company had a break in drilling after that, since a wind farm was being built on a small portion of its tenements. During that time Chalmers and senior geologist Dave Meates completed a technical review ahead of the diamond drilling."We thought we had a low probability of success because when you're porphyry-hunting, you do," Earner stated.

    Just goes to show it is a tough game at any level in this sector ! You just have to "stick fat" & be willing to accept the drill results be it good or bad. Chalmers always took a methodical approach as I am certain the good doctor is. If its not for you, we have the choice to move on.
 
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