Australia's largest stock trading and investment forum Australia's #1 stock forum

ALK

Click for more information

2.06%

49.5¢ alkane resources limited

ALK chart, page-205

First 205 Last

Share
Profile

Follow
Destria

1,026 Posts.

182

04/02/20

15:27

Post #: 42739600
Share

Originally posted by Maccajohn: ↑

A serious question about the Boda discovery is ‘if it turns out that it contains a huge resource will ALK be able to development on its own’. The cost of drilling deep holes is very costly (I think I read somewhere that a single diamond hole of 1,000m costs of the order of $1m) and they will need to drill lots of them and to develop a mine anything like Cadia will cost well over $1b probably over $2b (but maybe they can do it in stages).

Newcrest developed Cadia on its own. But it was already a sizeable gold producer when it discovered Cadia - I researched the history of Newcrest. Before it discovered Cadia it was already a sizeable gold produced from its Telfer mine and seemed to be producing about 350,00ozs annually in the 1980s and early 1990s.

Currently ALK could only develop a big Boda with a huge issue of shares and not ideal. The best scenario will be for them to develop their other gold assets to build up enough capital to be able to develop Boda in 5 years on their own.

what do other followers think?

Expand

300k for deep holes.
+ lots of core to split
+ lab costs

ALK Price at posting: 81.3¢ Sentiment: Hold Disclosure: Not Held
5 Upvote

0 Great analysis

Reply

Top Stories

ASM

ASM to push Dubbo REE play towards economical production with A$5M Federal govt grant

Wealth Within: the latest stock tips from Dale Gillham

A1G

African Gold finds significant 5.5g/t intercept over 65m in Cote d’Ivoire

BM8

Battery Age Minerals gets set to capitalise on critical mineral demand

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 149 more messages in this thread...

First 205 Last

Add ALK (ASX) to my watchlist

(20min delay)
Last 49.5¢		Change 0.010(2.06%)		Mkt cap ! $299.2M

Open	High	Low	Value	Volume
49.5¢	51.0¢	48.5¢	$1.243M	2.501M

Buyers (Bids)

No.	Vol.	Price($)
10	49135	49.0¢

Sellers (Offers)

Price($)	Vol.	No.
49.5¢	73877	8

View Market Depth

No.	Vol.	Price($)
10	74135	0.490
11	241553	0.485
9	76751	0.480
5	22294	0.475
5	114771	0.470

Price($)	Vol.	No.
0.495	76979	9
0.500	52410	10
0.505	135933	9
0.510	140924	11
0.515	83464	4

Last trade - 13.11pm 15/10/2024 (20 minute delay)

ALK (ASX) Chart

SPONSORED BY