ALK 0.91% 54.5¢ alkane resources limited

Ann: Quarterly Activities Report, page-16

  1. 1,396 Posts.
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    As usual , a very good post Dazed and Confused .
    It has to be clearly appreciated and recognized ....that if and when eventually mined , BODA 1 will be to extract an ore concentrate of copper and gold ...and so far , as I understand it , Boda 1 ( over that 400x1000x1000 ore body ) to date ...so it endorses what a significant economic ore body it IS LIKELY TO BE already ...particularly under Block Cave mining techniques now being adopted by the likes of Newcrest ( see Red Chris) .
    And this ore body is only going to get larger ....
    Then Boda 2 , now under drilling , might replicate it . So might Kaiser , and what lays between Boda 1 , Boda2 and Kaiser in that east/west section of the tenement .
    San Antonio upgraded resource and the last of the recent drilling programme there to be released soon , plus updated proposed mining plans for Roswell /San Antonio . 1.5 MILL OZ resource almost a certainty , or a 100,000 oz per annum x 15 years --on top of Tomingley , which will "keep on giving" for several years yet .
    Quarterly shows cash management is excellent , as projected in previous posts on this subject .
    Investors who know Alkane story well , I think appreciate that at these current prices , we are getting a throw at the stumps ( which will hit more that is currently showing ) for almost nothing .
    Will again be A VERY interesting next few weeks .JMHO
 
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