For a bit of fun some Sunday hypotheticals....
Block caving is very specialised mining and depends a lot on mineral rock type, the type that fractures how they want it and behaves reliably. Well the ALK rock is the same age and very similar type so NCM (block caving specialist) would be very very interested in ALK right now, Cadia is far and away their money spinner imagine the synergies in having two of these a 100km apart...mind boggling profits.
These porphyry deposits cluster close together as per Cadia Valley and North Parkes within about 5km radius...sorry nearology punters ALK have the penthouse.
NCM has a $22B market cap with not much net debt, a $1B opportunistic bid ($2 a share) may not get them control but would likely get them enough to prevent another big player doing so. Tomingley at 2m ounces is worth at least $500m+ and the Dubbo project hard to guess but potentially similar.
Maybe the market is starting to realise this is a one in 20 year find and it is not in the wilds of PNG or some other hostile location. $1 could look very cheap soon!
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