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Alhambra Resources Ltd. V.ALH

A gold exploration company


TSXV:ALH - Post by User

Comment by KidKorsakoffon Jan 25, 2015 7:38pm
365 Views
Post# 23361817

RE:RE:Heard the ALH AGM December 2014 went well...

RE:RE:Heard the ALH AGM December 2014 went well...I am long on ALH (not selling). They said at the AGM that before last year the institutions held 27% of the stock and not it is almost zero. The ALH breakeven cost is around $750/oz. Just the 30,000 oz on the oxide operation is worth $40M. The overall property is worth $150MM to $250MM based on NAV.  ALH also owns 27% of DOT which could supply some cash. 
ALH will survive a down market. That is what matters most now.
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