going to stick my neck out here ,resource upgrade ,a wake up call to the uninformed market & the massive blue sky of simberri gold deposit ,49% of a upgraded 1.2 miil to 1.5 mill oz resource ,cash cost US $160 oz first 2 years production of 50000 oz 3rd year & onwards of 115000oz ,capital cost $18 mill to get going ,all red tape work done approved ,bankers chomping at the bit to finance,ALD fully diluted 47 mill shares at 50 cents mkt cap $23.5 mill ,ALD share of first 2 years profits US $6.25 mill rising to US $12 mill in 3rd years & thats without any upside in gold price from US $400,i thinnk you can work the rest out ,between now & the end of march ALD will get a re rate to 50 cents target
ALD Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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