Ann: Quarterly Activities Report, page-168

Hey Joel,
great question.... in simplistic terms, I would be very happy with just another duplicate of June (that would see them just at around 17.3, which is very close to 25% of guidance for FY25), because on the one hand, they had a sugar hit (in Roswell) from the high grade section they had ready to go, but... also were indeed behind as Dublin points out, so they likely relied on stockpiles and Caloma/Wyoming more than they wanted to.

Nic has stated they have a lot of development to do over FY25, but... to counter those points, I think it should be a slight beat, because the stockpiles rose, which implies they are already gathering more ore from Roswell (perhaps stopes ore etc). I guess just another reason why Nic needs to be out and about talking about Tommi and explaining to the market that.... they are a bloody successful gold producer, as sadly for now, the market just does not give a fig about Boda/Kai.

Also, they had a build in bullion on hand, which could see them sell around 1,000 ounces extra, which is an added bonus with higher POG and... hopefully more ounces into spot.



Still lots of capex for the paste plant and recoveries improvements to come this quarter, as I posted earlier, but hopefully the Dec Q will see some serious improvements. I just think ALK has got to be one of the, if not the most easy prey within this sector (PNR is perhaps second, arguably, SPR is already in play!).