Hi everyone,
I have taken some shares in ALK today as I like the story and think that they are still a very good entry at these prices.
The fact is that we Alkane resources have a Great project here in every way you look at it.
The resource is very big and probably more then 100 year life span.
Alkane has the very important and scarce Heavy rare earth metals at a high percentage of 25% where most resources would only have 5%.
Its those heavy Rare earth elements like Terbium Dysprosium that will bring in the BIG returns.
And Alkane will go into production within the next 24 months or so.
Having them here in Dubbo also makes me sleep a bit better at night.
This company knows what they are doing and has a first class resource wich is already being mentioned as a strategic asset.
Ofcourse Alkane has also their gold projects which in its own right would take care of the most of the current shareprice.
As long as the gold price stays up or is getting stronger these projects will bring in some nice returns dispite the fact that they will be high costs operations.
jojo
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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2 | 12800 | 0.485 |
4 | 113156 | 0.480 |
2 | 40000 | 0.475 |
6 | 127015 | 0.470 |
Price($) | Vol. | No. |
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0.495 | 12456 | 3 |
0.500 | 21800 | 2 |
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