Many thanks for that Link to the Tradingview chart , TimetoTrade . See the MACD is now turning upwards as well .
The level of activities within the ALK gold operation , could not be more supportive of the chart technical s .
It is instructive ( and what tends to be overlooked IMO ) is the activities occurring at the existing Tomingley Mine .Useful to refresh/update for those interested , by looking at the last Quarterly out on the
FY2021 Guidance
Resultant guidance for FY21 is 45 – 50 koz at an AISC of $1,450 to $1,600 $/oz.
This first year of the three-year plan will see development across to Caloma 2 underground as well as the
commencement of the eastern cut-back of Caloma.Depth Extensions at TGO
As stated previously Wyoming 1, Caloma and Caloma 2 deposits are open at depth and therefore mine
life extensions at TGO, without including Roswell or San Antonio, are considered highly likely.
Extensional
drilling is planned at each of these deposits over a three-year period, shown below in the plans looking
east and north.
So .... not only is ALK commencing ( this month) a cut back of Caloma 1 to extract further open cut ore , they are also already implementing a development drive from Wyoming 1 underground to Caloma 1 underground ore .
So ...whilst still drilling at San Antonio /Roswell and south towards Peak Hill , and moving forward on the development drive from Wyoming 1 underground towards SAR underground , mining is still on "high octane "at Tomingley itself !
We have the revised Resource figures for SAR to look forward to , and ( if you look at the drilling since the initial Resources) , the upgrade just has to be substantial .Throw a dart at circa +/-1.5 mill ozs combined --that stands a 15 year extension at Tomingley at 100k oz s alone !
Then of course there is BODA ..and the 30,000 metre drilling programme started early July ,,,....!!!!!!!!
ALK is the 2nd last Presenter at Diggers and Dealers this year 12th -14th October , only followed by Gina Rineharts' Roy Hill , which won an award in 2019 . Probably a coincidence .............
https://www.diggersndealers.com.au/wp-content/uploads/DD2020PresenterProgramme.pdf Haverion, Winu, DeGrey , Stavely to name a few excellent discoveries/Companies during this last 12 months , but ALK combined activities at Tomingley , Roswell/San Antonio and Boda has got to see it right up there ..and add the technology/demerger of ASM as well .
Heck of a lot to look forward to in the near term.Share price still looks very inexpensive to me .
JMHO and only advice to myself !
(20min delay)