ALK 2.91% 53.0¢ alkane resources limited

Ann: Tomingley Debt Restructured, page-48

  1. 7,748 Posts.
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    agree but to point out 094 zone is not at 1.2km. The drill hit the zone at 1.2km downhole. Once you take in consideration the angle at which the hole was drilled it will probably show a depth of about 800m.

    Still deep but very minable with UG. Also, they will be able to mine at decent profit all the way down to around 1.5km... if not more.

    What this zone can offer is to increase the average grade of the NMPP resource and to add another 5-10 years to LOM.

    I think ALK already have enough to start the open pits but what they need to show is there is long life for UG.

    But yes, if they hit shallow high grade scarn at Murga for example, such discovery will have lot bigger impact on the SP for the reasons you just described. No arguing there.
 
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