ALK 4.76% 50.0¢ alkane resources limited

Ann: Boda Resource Drilling Defining High Grade Zone, page-48

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  1. 398 Posts.
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    Until we see an announcement it's anyones guess.

    Their latest announcement states:

    "Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the Company believes has the potential to be a large, tier one gold-copper project."

    You'd think to be tier one it needs to be big. Over time it would need to reveal more than 10Moz?

    What is tier one anyway? Olympic Dam, Broken Hill and Cadia East are examples of a Tier-1 deposit. Tier 1 deposits are “Company making” mines. They are large, long life and low cost.

    Even without Big Boda, Tommy is set to be a nice earner.

    Here are some numbers based on Tommy Indicative Production chart, showing what results of a lower end ASCI and higher POG might look like.

    https://hotcopper.com.au/data/attachments/4147/4147085-618d336b515fcf99df5806a64ca71873.jpg


    https://hotcopper.com.au/data/attachments/4147/4147091-deab7918783f452bdaa6284cf0041cb1.jpg


    ++++++++
    Also worth noting in the half yearly:

    Matters subsequent to the end of the financial half-year
    On 14 February 2022 20,000,000 Genesis Minerals Limited shares were sold for $34,400,000 (before selling costs).

    This, plus another similar result from Tommy (Dec 2021: $76,911,000) and full year is looking good.
 
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