There are two key paragraphs for me in the qtly report outlining...

There are two key paragraphs for me in the qtly report outlining plans for actual processing with view to positive cash flow... Since June/July they have stated their are looking to expedite plans to move from explorer to miner, and the below to me shows ongoing commitment to that... nice.


Hermes Gold Project – Gold Processing
In the June 2009 quarter, Alchemy reported it had entered into a non-binding Memorandum of Understanding with Barrick (Plutonic) Limited, the operator of the Plutonic Gold Mine to provide a framework for a future binding toll treatment or ore sale agreement between the two companies.

Alchemy is planning to develop an excavate, load and haul operation to mine gold ore and transport it via a haul road for treatment at the Plutonic processing plant. In conjunction with this plan, Alchemy is also considering the merits of a small processing plant to enhance the economics of recovering not only Hermes gold but also any additional gold resources that may be discovered in the near future.