ALK 7.41% 43.5¢ alkane resources limited

Ann: Large Cu-Zn-Pb-Ag Targets Confirmed at the Rockley Project, page-38

  1. 8,009 Posts.
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    things should start turning around slowly.

    Once they start showing some activity at Driell, Boda4 and Boda2/3 (hopefully the ANT survey shows shallow target at B2/3) and follow up drilling at Apsley people will start to see ALK as growth story. Hopefully one of the prospects returns discovery like results rather than early promising signs - bit of luck is needed to produce such results so early in the exploration cycle but has happened to others so why not to ALK.

    MM8 investment which on face value looks like a good move is part of the growth story.

    And some decent exploration results from UG drilling at Roswell will have positive impact. They have to do this anyway as they need to replenish what they mine right now. Strategy is to discover little bit more than what one mines.

    And the last piece of the puzzle to complete the story is one or two ~ $2.5m JV deals with promising explorers. Cash is hard to come by these days so ALK should be able to find decent deals here.

    If they produce strong results from one of the prospects ALK can go and chase insto investment as they will have a story to tell.

    If they produce high grade shallow intercepts from Boda4, Driell or any other area at NMPP they won't have to chase anyone as instos will be piling into ALK like tsunami due to changing metrics on the NMPP Open Pit SS.



 
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