Apart from ARD, I also hold ALK and the neighbour that surrounds...

Apart from ARD, I also hold ALK and the neighbour that surrounds ALK's Boda discovery (MAG) so am well aware of ALK's movements and its discovery.

ALK's market caps:

- immediately prior to discovery hole announcement: $195M

- high post-discovery hole, pre hole 2: $435M

- recent high (3 weeks ago): $788M

- current: $678M


Current market cap should probably include the additional $129M MC of the de-merged ALK entity (ASM) which would have the current ALK market cap at $808M.


$195M MC to $808M is a $613M MC increase which would be mainly attributed to the big discovery and also to the price of gold.

Mind boggling what can happen on a big discovery, in the right place, at the right time.

ALK isn't too far up the road from ARD either.


ARD's West Wyalong is where we could expect a massive ALK/Boda-style re-rate should they discover anything similar to Boda.


In the mean time, the more they increase the Kempfield resource, closer to SVL's size, the more the ARD market cap moves from it's current $44M to SVL's current cap of $267M.


Cheers,

GB.