ALB albion resources limited
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

  1. gtrr34
    995 Posts.
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    01/05/25
    11:06
    Post #: 78876654
    https://hotcopper.com.au/data/attachments/6973/6973249-85439e31741e4e7b3e9362eea84cd99f.jpg

    Plenty of cash & low burn rate as anticipated with savvy management on deck now. Fully funded & on track for mid year drill campaign, not long now. The outstanding P-P IP surveys & soil samples shouldn't be far off either, plenty to look forward to this quarter.

    Interesting to see that STK sold Millrose 350k oz deposit to NST (North Star Limited) for $61M in 2023 back when the gold price US$1,900.

    Similar purchase calculated from the current gold price would be around $103M
    ALB Price at posting: 5.4¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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