ALK 2.53% 40.5¢ alkane resources limited

Ann: Significant Porphyry Au-Cu Mineralisation Width increases, page-76

  1. 777 Posts.
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    Of course you don't see it, its because you don't want to see.


    https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02201897
    NCM just released its reserve statements for Cadia today: 2900MT @ 0.36g/t Au & 0.26% Cu.

    That is so low!!! How could this possibly be profitable they ask? Blah Blah Blah!!!

    https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02201904
    Look at page 12, with these crappy grades Cadia churned out 411kOz of gold, 45kt Cu in the first half (Jun-Dec19) at an AISC of $167/oz Au. That's one of the lowest, if not the lowest, >100kOz/yr mine in Australia.
 
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