ALK 1.71% 57.5¢ alkane resources limited

Regarding Boda/ Kaiser I would halt any infill drilling. I would...

  1. mja
    1,341 Posts.
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    Regarding Boda/ Kaiser I would halt any infill drilling. I would allocate funds to regional targets.

    At the end of the day, even if the mining infrastructure was in place. As an investor I would still be very interested in each quarterly, as to whether Boda/ Kaiser was cash-flow positive. To my mind it would not be a slam dunk.

    Given the large CAPEX requirements, it is very unlikely to be funded at present Au and Cu prices.

    Sit on the deposits and view them as a large call position on the price of Au and Cu. If Au hits $US 4000 per Oz, or copper $ US 8 per pound. A major will likely coming knocking. And will be happy to tidy up infill drilling as part of a negotiated joint venture.

    Save money for Tomingley extension, regional exploration and metallurgical studies on Boda/ Kaiser resource. Infill drilling at present Au and Cu prices is not a great use of funds.
    Last edited by mja: 07/01/24
 
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