Ann: Kaiser Resource Estimate of 4.7M Gold Equivalent Ounces, page-51

From memory , the "multi mine" projection of ALK was previously spawned out of having TOONGI with its suite of Industrial metals , in addition to Tomingley, prior to the spin out of ASM .
In addition ....before the Tomingley Extension was discovered , the mine life of Tomingley was somewhat "finite"....now its added 10 years plus ...and Boda was a "prospective untested exploration target "...now its a 20 mill oz++extensive Porphory undertaking pre -Feasibility intensive defined and inferred drilling !
Calidus and Genesis were acquired as inexpensive and opportune additions at the time, to see if they could be developed ( or taken out ) with ALK in the box seat , to make a tidy gain ...and in no way did they stretch Alkanes' Balance Sheet .
I would find it strange ,,,with Tomingley now having a sizeable Budget for expenditure over the next two years (whilst funded extensively by Tomingley cash flow ) ...and a ramped up exploration/definition drilling programme at Boda ...that they would contemplate a further acquisition at this time, complicated a little further by the uncertainties of Calidus .,,, before the economics of Boda have undergone a Pre -Feasibility study .
In addition ..as Nic has said he is going overseas to examine /seek /ascertain the appetite for larger International Instutions to invest in ALK ( Boda specifically in mind ) , I doubt if he would want to "project"that ALK might be on the prowl for other acquisitions for the time being .

In addition to "proving up " Boda , there are two other aspects of that Nic might be putting forward on Boda/ Alkane.
# if you take a position now , the bigger Boda gets , the more its attractive to the larger guys like Newcrest and Newmont ( as examples only )
# ALK , when Tomingley ( mark 2 ) is up and running fully , then its has always been ALK'S intention to become a dividend payer , when cash flow enables it .
We can all have our views ...and the right Project , in the right place , at the right time and the right price ...would never be dismissed by any good Board without examination ....just IMHO , any Broker putting forward a "possibility"to ALK at this current time , would be very hard pressed to get them to conduct a formal due dilligence .
Just a personal view ..