ALY alchemy resources limited
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aly needs to go deep

  1. rexi98
    322 Posts.
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    08/07/10
    00:19
    Post #: 6880423
    Hi guys
    Looking through SFR's announcements, many of their high grade cu strikes have been at depths of well greater than 400m.

    If alchemy are just about to follow up magnus potential with a 20 hole program for 4000m, this gives an average depth of only 200m.

    Is this deep enough?

    There's much potential in ALY as a pure gold play (with results due this week according to last announcement), however as SFR keep finding more conductors, it's bound to be only a matter of time before one of the surrounding guys finds one too. Is Alchemy's turn coming up?

    ALY Price at posting: 38.6¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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