Ann: Significant Porphyry Au-Cu Mineralisation Width increases, page-115

First 115 Last

Share
Profile

Follow
pangea

300 Posts.

69

14/02/20

14:04

Post #: 42936577
Share

Originally posted by Luca21: ↑

Based on how highly anticipated the drill hole was, I must say the interval isn't at all that exciting IMO. Outside of the 119m interval of 1.47g/t, all that is remaining is 570m of 0.249g/t: hardly that economic in my opinion, especially considering the size of the plant required to move that amount of tonnage. Anything down dip 600m to the north east is very low grade.

Furthermore, good old grade smearing at its finest: outside of the small high grade shoots the 119m at 1.47g/t basically comes down to 97m at a whopping 0.873g/t.

ALK is Too expensive at these prices given the results IMO and if I had any major profits I would sell into the euphoria. GL all and happy investing.

Expand

Ore plus waste = more ore???

When you correct for the ridiculously low cutoffs applied to smear these results far and wide, and examine the strike potential in line with plan geology, new Boda results do not appear terribly significant. ALK are guilty of incomplete disclosure as a table of individual results for the reported intersection have not been included to make a fair assessment based upon more realistic cutoffs (i.e. in line with volume potential).

Rating this one a teaser and way too small to represent another Cadia.

P

PS Many companies have been drilling in this area for over 40 years and yes there is a lot of smoke.

ALK Price at posting: 98.0¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply