All sounds good to me. I am not a geo but from what I can make out it seems to indicate that there is significantly more gold than Allied has previously identified.
More importantly the grades get greater with depth and could mean a huge sulphide mother lode down there somewhere. This is what the deep diamond drilling is trying to identify.
With or without the sulphides the higher grades should allow ALD to significantly increase production over time.
Strangely the market has reacted much and shares still cheap buying.
Barrick to start drilling early October (now?) including diamond holes to look for the big stuff. They will surely come up trumps or they wouldnt be there in the first place.
von.
All sounds good to me. I am not a geo but from what I can make...
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Last
$32.66 |
Change
0.050(0.15%) |
Mkt cap ! $7.782B | |||
| Open | High | Low | Value | Volume |
| $32.62 | $32.94 | $32.41 | $32.95M | 1.008M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3915 | $32.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.67 | 4245 | 2 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| ALD (ASX) Chart |