ALK 0.79% 63.0¢ alkane resources limited

Ann: Kaiser Resource Estimate of 4.7M Gold Equivalent Ounces, page-2

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    as I expected the grade was nowhere near the 1g/t target but the size of the resource is at the upper end of my very rough estimate while the grade at the very bottom of my estimate.

    Still positive news as overall grade moved up by a fraction and now the overall resource is getting closer where few giants may start to pay attention.

    Another 6-7Moz and overall grade of around 0.6g/t AuEq will make Boda/Kaiser a TO target or JV with the likes of NCM (if NEM does not buy them), Anglo, Goldfields etc.. NEM and Barrick will only want 100%.

    all my own views.
 
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