Ive been doing some more reading on AHK, still havent bought in. Interested in others opinions here.
Looking at Mt Porter only:
26.7koz @$1700/oz, less AISC of $1350 (conservative)= $9.34 Million in Cash Flow over 1 year.
Now the Mill agreement with Newmarket Gold for processing is where a few of the previous comments seem to have missed. There is a $30/ton processing fee, Im not 100% if this applies to Gold Poured or Gold Processed, if its the latter then this is exbornant as 500k/tns at Mt Porter would have a Process fee of $14.8 million. Doesnt seem right.
Ignoring the above (until someone else clarifies), then the agreement is 55% ARK and 45% Newmarket, after all cash costs are paid.
So that $9.34 million (not deducting any process costs) would come back to $5.1 Million to ARK in FCF.
Then the debt.... theres $6 Million Loan to be paid in bullion + $1.44 million in Liabilities + $1.3 Million in a security payment to DME for the MMP.
That means debt of $8.74 Million.
So negating all the other costs (exploration, MMP for Glencoe etc), I cant see the next financial year being cash positive once debts are repaid. Infact it may be 1.5-2 years away atleast.
- Forums
- ASX - By Stock
- AHK
- AHK Assessment
AHK Assessment
-
- There are more pages in this discussion • 68 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AHK (ASX) to my watchlist
|
|||||
Last
25.0¢ |
Change
0.015(6.38%) |
Mkt cap ! $13.86M |
Open | High | Low | Value | Volume |
22.5¢ | 25.0¢ | 22.5¢ | $29.16K | 117.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 211752 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 8891 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 211752 | 0.235 |
1 | 19018 | 0.230 |
1 | 22727 | 0.220 |
1 | 5000 | 0.215 |
2 | 9522 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 8891 | 1 |
0.255 | 4145 | 1 |
0.270 | 25000 | 1 |
0.290 | 18395 | 1 |
0.300 | 65000 | 4 |
Last trade - 14.27pm 12/07/2024 (20 minute delay) ? |
Featured News
AHK (ASX) Chart |