btw - I am familiar with Nullgine as I held Millenium at one...

btw - I am familiar with Nullgine as I held Millenium at one stage and managed to exit at small profit not long before they went down.

I am not insisting on ALK taking this project but it is worth for ALK to check it out. Oversimplification is easy but when all things considered it may be worth taking it.

here is oversimplified case why it may be worth taking it:
For example POG was lot lower when others held it. Also, what if ALK can find larger free milling deposit? And not all of the current resources are refractory but the higher grade ones are - if I remember right.
So taking it for around $300k and investing about $5m to restart it may deliver decent payout if it produces around $150m over the next 5 years. Take $50m out to restore the environment it still leaves us with $100m.

Best is not to ignore it but to run the ruler over it and see if it stacks. If it does not stack then don't touch it. There are plenty of explorers with decent ground and early exploration signs that signal potential discovery or two.