Jumped on board today after listening to the Tolga Kuma...

Jumped on board today after listening to the Tolga Kuma interview on * before market open. Tolga gives AL8 a huge wrap towards the end of the interview. He said he has visited the sites and said that you can see copper at the surface all around there.

From this morning announcement:
“At Alderan’s Frisco project in Utah, Rio Tinto subsidiary Kennecott Exploration commenced an initial four-hole 2,000m drill program in May 2020 to test targets at the Cactus Breccias, Accrington Skarn and Reciprocity areas. It is part of the first stage of exploration at Frisco where Kennecott can earn up to 70% of the project through US$30 million exploration expenditure.”

Tolga said he is excited about this drilling as it is aiming at 4 large targets and each of the 4 holes will be drilled to approx 1,000m.

KE (RIO) were excited to bring this drilling timeframe much sooner on these targets based on what they could see in the exploration data ... believes previous drilling campaigns by other companies had not interpreted the data well.

They have also moved very fast to secure large acreage around the area. Tolga has great respect in the MD of AL8. If you listen to the interview, you will hear Tolga say often that he invests in companies that have very experienced and good management.

Around 75-80% is held by top 20 shareholder ... very tight register, so good volume in shares is going to be hard to come by.

This could be quite an exciting little explorer to keep an eye on ... Happy to hang on to these for a while. Good luck to all those on board.

This is not investment advice. Please do your own research and make you own decisions.