the only thing that got my attention is on page 33 on their PFS:
But from what I understand this only applies to the Open Pits and does not impact the UG copper ore as I think the deeper Cu ore is all sulphide.
In short if MM8 can make money from the Open Pits by only recovering the gold and assume worst case where they don't recover any Cu then ALK's investment should still be fine as the geology looks good and LOM will probably be lot longer than what the PFS shows.
I still think this will be a good investment on ALK's part.
Ann: Large Cu-Zn-Pb-Ag Targets Confirmed at the Rockley Project, page-43
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