AL8 0.00% 0.3¢ alderan resources limited

Extensive Copper, page-60

  1. 11,557 Posts.
    lightbulb Created with Sketch. 154
    I have read the geo's report again and it's my view that this exploration will probably take a year or so to deliver one way or the other.

    Also, Cactus Canyon (the one with 'the potential porphyry-style copper + or - molybdenum + or - gold mineralisation' ) won't have any drilling done during the first year. Based on money to be spent, the priorities for the 1st year are Cactus Pipes number 1 then Accrington then Horn Silver. The geo says that Cactus Canyon represents a longer-term target than the other 3.

    Imo, even though the company has garnered decent info from non-public records (it's not the same as here in Oz where the info is on public records) it's quite incomplete as re accurate drill collar locations etc; so there will be a lot of basic exploration to happen before things start to shape up.

    I therefore seriously question the validity of the MC from a fundamental perspective. It's way too high for my liking!

    Good luck to all holders and punters though!
 
watchlist Created with Sketch. Add AL8 (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $3.818M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
15 34866882 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 10861310 12
View Market Depth
Last trade - 16.12pm 15/11/2024 (20 minute delay) ?
AL8 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.