Alkane Exploration is developing a gold mine at Tomingley in Central West NSW, and not far away in Dubbo is developing a VERY large zirconia-niobium-yttria project. The last time I looked they were still proving up the commercial viability of the process route. This deposit has some 200 years of reserves at initial mine capacity, so there is project upside, and it has very low overburden strip ratios. The stock has been trending up over the last few years, and its very volatile, so I would suggest its a stock to trade. Entry is at 30-34c. The target price is 53-55c resistance. For further info see Google Finance and my discussion forum for this stock.-----------------------------------------
Andrew Sheldon www.sheldonthinks.com
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