ALY 0.00% 0.7¢ alchemy resources limited

BRB just got bigger, page-21

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    @Shady Merv I think if people take the time to read ALY's announcements there is ample evidence from historical drilling particularly around Little Peck,Esplanade and Batavia to suggest that ALY should get some decent hits in that region. The area around Manhattan and Churchill prospects to my knowledge has never seen much drilling at all so anything is possible . I think you need to remember ALY is a junior explorer with a very low EV .As such I am confident that once drilling gets underway we will see the price of ALY up in the mid 2's and with some success even higher ......even that would be a good return from current levels and many people of course will seek to sell a few if ALY gets up around the 2.5c -3c mark to derisk their holdings somewhat. To each his own I suppose but for me I really like the risk/reward proposition that current prices in ALY offer. Having Northern Star as a substantial holder can't be a bad thing either .
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