Just my thoughts, I could be totally incorrect of course.
The length of time since the original TGE plans were drawn up is a major concern.
McPhillamy's recently released FID has given us an indication of the huge capital burden uptick to complete previously economic local mining projects.
Plant upgrade, Newell Hwy diversion and Kyalite Rd overpass could add up to 100 million in additional capital requirements.
Add increased stripping costs and heavily out of the money hedgebook on top of that and it's not hard to see that there is not as much fat left on the margin as there was back in circa 2021.
Just my thoughts, I could be totally incorrect of course.The...
Add ALK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
57.5¢ |
Change
0.005(0.88%) |
Mkt cap ! $347.0M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 58.0¢ | 56.0¢ | $499.6K | 876.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 135386 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 6500 | 1 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
|
|||||
|
Last
57.0¢ |
Change
0.005 ( 0.12 %) |
||||
| Open | High | Low | Volume | ||
| 57.0¢ | 57.3¢ | 56.0¢ | 244578 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| ALK (ASX) Chart |