Ann: New Gold Geochemical Anomalies Identified at Seaborg, page-10

The problem I've got is that new mines are coming on at cash cost of over $1000 per ounce and the gold price is currently $1300 per ounce. That only leaves a bit over a 10% variance in costs or gold and the mines not feasible. Margins are just too skinny. I think that's why not too many are keen on this part of the sector. Unless someone like IGO can come along at a much lower cash cost (they are around $700ish I think at Tropicana) and make a good profit it's hard to get excited by ALY.

Best scenario for me and other ALY holders I reckon is they hit something very good to add to the 300,000 odd ounces they've already got and IGO take out the lot.

Alchemy - the false science of turning base metals into gold... Hmmmm just about sums it up for ALY.