Edison have done an in-depth report on Alkane. There are several references to theirinvestmentin Calidus particularly interesting is the valuation they put on Alkane’s investment compared to resources discovered by Calidus - ‘accumulating 10% of the company at an average price of US$2.4/oz of resources (A$3.4/oz).’ AND ‘which compares to the average in-situ value of ASX-listed gold explorers of US$24/oz Au and a global average of US$16/oz Au‘
Saying, therefore, Alkane got CAI shares at a big bargain price
CAI Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held