The SPDR S&P Metals and Mining ETF (NYSEARCA:XME) was trading as high as $77.44 in April 2011. The index is currently trading at $35.73 or 53.9% below the April 2011 peak.
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In this article, I will feature one mining company that is trading below net asset value.
Alkane Resources (OTCQX:ANLKY) is a multi-commodity company focused in the Central West region of NSW Australia. Currently Alkane has two projects heading towards production in 2014/2016, the Tomingley Gold Project (TGP) and the nearby Dubbo Zirconia Project (DZP). Tomingley received project approval for its development early 2013 and is scheduled to commence production early 2014. Cash flow from the TGP will provide the funding to maintain...
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