Ann: Tomingley Debt Restructured, page-104

ALK still have aces up the sleeve.
1. Option to spin off Boda/Kaiser, reward existing shareholders with share of new company and maintain a large equity holding in the project on ALK balance sheet.
2. By running several different production scenarios, ALK has improved the marketability of the project (creates interest from smaller to larger capped players).
3. The monoliths of the industry Newmont, Barrick, RIO, BHP have all shown heightened interest in large scale copper assets lately.
4. Deposits still growing, just need cash to flesh out (maybe one of the big boys roll the dice on this fact).
5. Large scale copper/gold development projects in tier 1 locations aren't exactly in plentiful supply atm.