Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Before Christmas, Alexander Mining (AXM), AIM-quoted South America-focused copper and gold play-turned ore treatment innovator, could well know whether it has pulled off a deal with a £1 billion mining group to commercialise proprietary technology which, it claims, could transform the economics of mining zinc, cobalt, copper and other minerals. Last month, Alexander, co-founded and chaired by abrasive former mining financier Matt Sutcliffe and backed by commodity hedge fund Ebullio among other groups, granted an option to this unnamed ‘mid-tier’ mining concern to make use of its Ammleach technology in the treatment of oxide, near-surface zinc ore.
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