ALY 14.3% 0.6¢ alchemy resources limited

re: Ann: Aggressive Exploration Program on Sa... Mono, i...

  1. 322 Posts.
    re: Ann: Aggressive Exploration Program on Sa... Mono, i agree.

    Whist there's a bit of a concern about SFR's maiden JORC resource, but don't forget they have another 15-ish potential conductors there also.

    With SFR with 15+, ALY with 13, and amongst TLM, PEK, CYS, and all the others there's likely to be 50+ conductors.

    I'm not a statistician or a geo, however the chances that they hit the best, or even one in the top 5 of the entire area has to be less than 20%....

    I heard a rumour that the one they wanted to target was on the border of ALY, but SFR have some native title issues to deal with... so who knows, ALY could have the "big one" on their territory.

    If they do, i reckon there could be a SFR / ALY takeover. But not getting ahead of ourselves, thats a long way away and we need to hit copper first, but I hold a significant portion of shares and very comfortable to sit and ride this one out.

 
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