ALK 0.97% 52.0¢ alkane resources limited

Ann: Significant Porphyry Au-Cu Mineralisation Width increases, page-170

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  1. 1,407 Posts.
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    In the pecking order , dct ....I would think upgrading and increasing the capacity of the Tomingley Mine Plant , could get the gong in preference to the restart on the Peak Hill Mine .
    That can come later .
    I personally would like to see this happen , ...as well as to increase the exploration budget ( more rigs, more drilling ) at Boda / Kaiser , once the Tomingley Underground ore starts going thru the Tomingley Plant and ALK has a better handle on further Boda exploration targets .
    Some cash will also likely be part of the spin -off of ASM to shareholders ---so , whilst ALK has a good cash reserve , it will want to balance the return to higher revenue from Tomingley Underground , with some fairly hefty exploration/development/spin off costs , and probably a hefty (?) contribution to a Callidus development .
    I have no doubt they will manage this well, and ensure all the ducks line up in a row!
 
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