ALK 0.00% 57.5¢ alkane resources limited

Hate to burst any bubbles, but at a standard mining rate of...

  1. 1,171 Posts.
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    Hate to burst any bubbles, but at a standard mining rate of progression any economic resource will take approximately 10 years before production starts ( quicker for a smaller resource). We are drilling out a huge deposit so I feel comfortable with 10 years. Overnight success takes longer than people expect - just look at how long ALK share holders were holding to get ASM off the ground. Luckily for me I was very patient and got my entitlement spun out for free, but it could be argued that those savvy investors who bought on market for a dollar did much better?? I’m no expert at timing the market so I’m happy to go long on this prospect. I expect that a share price sub 1 $ will be seen as good a bargain as picking up ASM for a buck.
 
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