ALK 0.00% 42.0¢ alkane resources limited

Let's drill for some more gold, page-4

  1. 1,239 Posts.
    @beetrootpie
    From the noises management has been making, it sounded to me that they are hoping for our projects to be of similar size than McPhil. There's no guarantee, of course, and much depends on the gold price, but I think risk / reward would be positive. If we don't find any serious gold, we can always stop drilling after the first round ...
    As for RRL, they have other projects running in need of some additional capex and reasonably prefer to wait with the big McPhil capex til later - that's not to say that other buyers might see things differently (e.g. the Chinese seem to be on a buying spree for big gold projects)

    @olddizzy
    Hum? I wasnt' around at the time but from what I read we made a profit on that one, didn't we?
 
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