Ann: Resource Definition Drilling Update, page-37

Roswell initial resource is due this or next week.

A few have been guessing the size recently.

ALK released their estimates in July for Roswell, San Antonio and El Paso.

Below is ALK's table from the July release, which I've added a few things to.

The table shows:
- Mid-point/average ounces expected for Roswell to be 268koz
- Mid-point/average ounces expected for San Antonio to be 732koz
- Mid-point/average ounces expected for El Paso to be 296koz
- Mid-point/average ounces expected for all 3 prospects to be 1.27Moz


This is of course before Roswell hits like 84.0m at 4.06g/t Au, so the Roswell resource should be bigger than their original estimate.

The MD is also trying his hardest in one of the videos to hold back his excitement on how good the drilling is going ("resource currently being drilled/defined sheets all over the original Tomingley resource").

Either way, their July estimates look like the base case scenario, under which ALK makes a profit of $1.27 billion.

Mine/plant are there already and this gold just feeds through.

Also, this says that once everything is drilled out, it should be pretty big:

"Exploration Target excludes the significant greenfields potential of approximately 1km strike length between San Antonio and El Paso prospects and the areas north of Roswell to TGO and south of El Paso to Peak Hill".







In saying all of the above, I have a feeling that the current run/momentum is not due to the anticipated Roswell resource release but mostly due to Boda results which are due next week.

Another Cadia would be worth $15+ billion so IF Boda turns into a Cadia then we're laughing - even if it turns into a half/third of a Cadia then it's still worth billions and billions of dollars. IF!!!

We'll find out next week if we're on our way to another Cadia!

Cheers,

GB.





ALK Original Table from 09/07/2019 Ann: