AKM 0.00% 30.0¢ aspire mining limited

10,000m drill program & road haulage, page-6

  1. 63 Posts.
    I believe it is viable. Take a look at Mt Gibson Iron or Atlas Iron. They are trucking 70km to Tilley siding in the Midwest of Wa and then loading using front end loaders onto wagons. Atlas Iron are trucking 6mtpa 150km to Port Hedland and ramping up to 12-15mtpa. Yes the distance staggerring for AKM but if they can achieve a start up mentioned of in there planned scoping study (0.5-1Mtpa) then this would provide early cash flow which would be in place while they fund expansion and build the rail line. I doubt access to the railline would be an issue. I'd be interested to see the capacity of the Erdenet line/trans mongolia is, but the existing tonnages are quite low for both. Also correct me if I'm wrong but the grand plan for mongolia is to duplicate the existing trans-mongolian rail line.

 
watchlist Created with Sketch. Add AKM (ASX) to my watchlist
(20min delay)
Last
30.0¢
Change
0.000(0.00%)
Mkt cap ! $152.2M
Open High Low Value Volume
30.0¢ 31.0¢ 30.0¢ $18.95K 62.36K

Buyers (Bids)

No. Vol. Price($)
6 58803 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.0¢ 8400 1
View Market Depth
Last trade - 15.57pm 29/08/2024 (20 minute delay) ?
AKM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.