ALK 3.61% 43.0¢ alkane resources limited

Ann: Quarterly Activities Report - June 2017, page-3

  1. 4,303 Posts.
    lightbulb Created with Sketch. 1876
    Ripping set of numbers on the gold side. A few key sentences stood out to me:

    - '...continued releases of high grade ore which is over reconciling for the Caloma Two pit...Mining for the budget period (FY18) will be almost entirely from the Caloma Two and Wyoming One pits.'

    Suggests out performance on grade is a good chance of continuing. This was similar to about 18 months ago when there were a couple of excellent quarters on the back of better grade than the resource model.
 
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