ALY 0.00% 0.7¢ alchemy resources limited

Listening to the Tuesday BRR report M.H is extremley upbeat with...

  1. 2,202 Posts.
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    Listening to the Tuesday BRR report M.H is extremley upbeat with the gold intersect and indications are that there is more to come, im keen to see the upgrade as teh gold by itself justifies the share price.

    In regards to VMS deposits, the interview he doesnt address teh question of "whether there were any encouraging signs" so i take taht as a no. HOWEVER they have only currently done RC drilling at lengths < 150M

    Like TLM the initial RC drilling didnt find any highl level indications of mineralisation BUT that is OK none of SFR discoveries where above 150m and all were discovered using down hole EM which is what ALY are currently doing and indications of assay results from the down hoel EM shoudl be in the next two weeks.

    These discoveries take time to identify and discover so early days yet. Interseting to see TLM runn hard last couple of days with healthy buy side and Kerry Harmanis buying on market.

    So Gold resource to be upgrade alone will justify current market cap (with Gold hitting fresh new highs last night), plenty potential still with VMS But all in all disppointed that the SP has dropped to this level
 
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