ALK 4.26% 45.0¢ alkane resources limited

Ann: Roswell Mineral Resource up 37%, page-7

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  1. 2,762 Posts.
    lightbulb Created with Sketch. 389
    Puke sorta day to announce a whopping 37%(!!) increase!

    Adding to Lee's post above: "The resource remains open to the north and at depth." North point to Tommy. From Tomingley's underground exploration to is "1400 metres north to Roswell."

    MD Nic says he expects to, "deliver a further 10+ year mine life for Tomingley." This alone puts to bed many investors (not to be confused with speculators) concerns about length of investment's profitability. In turn this extends the production of ~100k/oz/pa from 2025 to 2028.

    Long before 2025 ALK's, "recently discovered McLeans and Plains prospects." may be just icing on a golden cake for this announcement, but may well turn into another cake all on its own -- with a nudge from ALK.

    OV

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