Don't think it's a pump and dump judging by the size of the...

Don't think it's a pump and dump judging by the size of the trades but could be wrong and I do have very high hopes for the drilling program.

Could also be the Investor Presentation worked its magic. Some compelling commentary and IMO very undervalued even with its current "indicated Resource of over 300,000oz gold at an average grade of 2.0g/t".

Strong words from the company "The best Cu-Au ground in Basin after Sandfire". Let's hope s/h's really are 'sitting on a gold(copper) mine'.

"DeGrussa – Highlighting Alchemy’s upside"

"Discovered April 2009 (Sandfire testing shallow gold target); commenced production in mid 2012

DeGrussa is high-grade (>6% Cu equiv; in situ value ~A$7B) and low cost (C1 costs ~ US$1/lb)

Primary mineralisation in near-vertical lenses that commence at >100m below surface and extend to >500m depth

DeGrussa is VMS deposit located near base of Narracoota volcanic sequence

VMS deposits typically occur in clusters in favourable stratigraphy"

"Bryah Basin: prospective VMS horizons

Aircore drilling testing multi-element anomalies completed in late 2012

Multiple broad, linear zones with strong secondary copper, gold and pathfinder anomalism – Neptune, Churchill, Fiddler

Anomalous horizons – related to VMS mineralising processes – analogous positions to DeGrussa and Horseshoe Lights

Targeted shallow drilling & ground geophysics planned along horizons to delineate areas for deeper drill testing"

"Strategy to creating shareholder wealth

December 2012 Q
?
Ground geophysics surveys - complete
?
Drill test geochemical targets - complete
March 2013 Q
•
Regional interpretation and targeting – underway
•
Drill test & down-hole geophysics of bedrock conductors – RC drilling to commence this month
•
Targeted RC extensional drilling at Central Bore – commence in March

June 2013 Q
•
Follow up new copper and gold discoveries"