ALY 0.00% 0.7¢ alchemy resources limited

this week could see the upgrade of known JORC, as stated in the...

  1. 3,740 Posts.
    this week could see the upgrade of known JORC, as stated in the 31/8/10 ann. , being late October. also some indication of the drilling program for the newly found Central Bore. Although transported cover has made the target a little harder to see, we now have some Northing+East location to extend. This area will also lead us up to the boundry with SFR, which in the latest presentation being shown on page 10/29 the VTEM targets (x3) that were flown by SFR (thankyou !!), some time ago. The diamond drills at Herme`s should still show 90+% recovery`s, and this should lead us to a binding MOU with Barrick, as stated by the company (ALY)first production 1st/1/4 of 2011. The cash flow generated by this production will allow greater exploration to be applied to our i.d. targets (thankyou to Barrick for these). The forfeiture action (if successful) will give us a very nice continuous block to explore for some time. Although we have gone thru a time of consolidation in share price, i dont think now is the time to sell, and hope long term shareholders have been ading to there position. We are only in the early days of getting a handle on this well minerialised area. Great Days Ahead.OIMO>
 
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