AYR-any opinions

1 post / 0 new
#1 Tue, Apr 3, 2012 - 8:05am
Prem124
Offline
-
UK
Joined: Jun 15, 2011
34
587

AYR-any opinions

AYR:ASX

Alloy Resources

What do you guys think about risk/reward on this stock. Market cap of 3.35 mln AUD and trades on ASX. Recent drilling results include 43g/t Au over 4 m from 44metres and around 1 million in cash. Drilling had some other nice interecpts like 15m at 4.22 g/t from 60 metres. The deposit is in Australia and only negative I see is that natives rights are not addressed yet.

Edited by: Prem124 on Nov 8, 2014 - 5:19am
randomness