I have drawn reference to this in as earlier post .....but you have to take any references to Newcrest and Cadia / Ridgeway .....in incremental "pieces" ....just as ALKANE will do ...and BODA drilling , and this first deep hole ( circa 1200 metres) as really , ALK'S first real strike at the prize .
The Newcrest regularly published Briefing Book , is a great publication as to how complex and prized Newcrest views its portfolio ...and indeed , how it sees CADIA/ RIDGEWAY unfolding with bloc`k cave mining in the long term
http://www.pngx.com.pg/wp-content/uploads/2019/09/Newcrest-Briefing-Book-CLSA-Conference-in-Hong-Kong-Citibank-Gold-Conference-in-Sydney.pdf
Suggest that you whet your appetite ..and have a good look at it . Slide 52 shows Cadia / Ridgeway and the various ore bodies , over a 5.5km stretch .
I'll be happy if the Boda drilling demonstrates that its ore body might replicate even a 50% like for like of Cadia East ...and in particular , that if the drilling is still open with commercial copper/gold , when the reach the initial 1200 metre depth !!
The hole that was started to be drilled and completed pre Christmas ...and the next planned additional 4 deep holes underway ...will be only be a mini step . on how all this is likely to play out over coming months/years .
Happy to believe that each hole , will add incremental value to the price and Project --overall .
The market will both get far far ahead of itself at times .. but at other times , like now ......the market cap for ALKANE is ridicuously low , given the sum of the parts and what Boda could bring to the table .
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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3 | 32787 | 0.420 |
3 | 81528 | 0.415 |
2 | 48731 | 0.410 |
1 | 1000 | 0.405 |
Price($) | Vol. | No. |
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0.435 | 19999 | 1 |
0.445 | 33000 | 1 |
0.450 | 26714 | 3 |
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