Hi LP. Well, we're at 14c, so we're halfway to 18! Don't worry,...

Hi LP. Well, we're at 14c, so we're halfway to 18! Don't worry, we won't hold you to selling out...

This must be all about Alcore. Maybe some of those sophisticated investors who missed out on buying directly into Alcore are buying into ABX instead. Or buying both! In any case, the Alcore story is spreading.

Base case NPV @15% is $208m (May 28 announcement)
ABX market cap at 14c - $19m

And ABX has 3 other bauxite projects not included in the NPV calc, which only includes Alcore.

And we only have to wait til March 2019 before we find out if Alcore's processing tech works, without any dilution.

Looks like the market is finally taking some notice.