ALR 0.00% 0.3¢ altair minerals limited

Information for newbies wondering what CHK is about, page-3

  1. 536 Posts.
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    Thanks for the summary T A D. Just one correction, at Sept 30 the company had $5.9 mil in the bank and a burn rate that suggests that at the end of December they might have $5.2 mil or thereabouts, we will see when the next quarterly report comes out. Those funds should certainly be enough for the current planned and approved drill programs in South Australia. If they get this deep drilling targetted right and they come up with just one long copper hit with the sort of grades they got a sniff of at Horses Well during 2021, then this is probably the most explosive stock on the market that i am aware of. A worst case scenario is that the current MC of around 21 mil (and enterprise value of 16mil) is justified on the high grade gypsum mine alone.
 
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