We are flirting with the $2 mark and all pointers are positive. If you look at Potash of Saskatchewan, the stock traded at $1-2 for many years during the prospective stages. Once decision for production firmed up, the stock started a rapid and steady progression to $80, until the market globally collapsed at end of 2008.
That is nearly 40 times its face value.
Allana is in the same boat; all drilling reports are NI 43-101 compliant, therefore represent true values of what came out of the ground. Everything leads towards a sustainable operation due to sufficient quantities inferred from results. Additional samples are expected within the next few weeks, and a major feasibility report is also in the works. Does not require a genius to figure out that a strong recommendation for actual mining operations will come out. To do this, the company requires money and/or financial backing. It has that already. Furthermore, open pit mining is a likely probability which will greatly reduce operating costs. Finally, road and transport infrastructure is existing and being improved.
Oh and more to add too....last results indicate an even larger than expected deposit which could multiply the already extremely conservative numbers by a factor of 10 to 50.
Allana is on top of a very short list of junior mining golden childs, from multiple sources. All of us here on this Board must have volumes of shares below $2, and I can only see this multiply by a factor of 20 at the very least, over the next 2 years.
A wild ride is about to start, and I intend to stay for the long run.
Jean
AI
