asx300 inclusion, page-39

There has to be a correlation between the price of gold and the share price. Moreover gold these days seems to fall with share markets (like tonight) rather than act as a hedge. But the key for ALK is whether it has hit the core of the porphyry at Boda. Usually there is huge amounts of drilling before that occurs. If however ALK has hit the jackpot early on (and there are indications it has (not that I am an expert)) then that will be a huge driver of value. Have a look at SVY and how in their presentations they say they have found this and that but recognise "the porphyry is still out there..."

So for me this is a stock which has good gold revenue to fund the here and now but potential for a massive price uplift if Boda comes through. As such it's a stock where you "look through" any day to day market noise.

Just my personal perspective based on total ignorance of technical matters....