STTCOMP ALK FA Long
Alkane Resources [gold, rare earths... copper? NSW]
MC $300M
SOI 500M
SP +62 cents
No debt, cash ~$70M
ALK hit a high recently of 86.5 cents mainly on enthusiasm about its Boda discovery hole for a Cu/Au porphyry in NSW [being compared to NCM's Cadia discovery]. Has since traded down to the low 60's. News flow is now coming thick and fast. ALK announced this morning a 5 hole deep drilling campaign at Boda starts next week.
Also the Australian Government is to announce today a $4.4B initiative in which rare earth projects can apply for funding. ALK has a major rare earth project which is fully permitted and ready to go... certainly one of the contenders. However, it is the Boda prospect which is the bigger commercial prospect.
Disclosure: I hold ALK
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 11 Nov
STTCOMP ALK FA Long Alkane Resources [gold, rare earths......
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online