ALK 2.70% 57.0¢ alkane resources limited

I know you're asking @sabine, I thought I'd throw in my two...

  1. 4,543 Posts.
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    I know you're asking @sabine, I thought I'd throw in my two cents for what it is worth. ALK is a raging red dot special bargain buy IMHO.

    There are a few good reasons behind the current SP malaise, none are due to poor operating performance.

    *Both projects are simply currently tracking on the wrong side of the Lassonde curve.
    *Roswell development has been hit by cost inflation. This inflation will be partially offset by higher-than-expected operating cashflows.
    *OTM hedge book is acting as a drag on ALK's increasing gold price leverage.

    The good news is:
    *Tomingley Gold Extension Project (TGEP) will soon start ramping up ounces produced, eventually increasing production outputs to almost double current production levels.
    *The second development project (Northern Molong Porphyry Project) will show the market its true economic value (IMHO this value will be substantially higher than current 55 million book value), Boda-Kaiser scoping study is due for release within 8 to 12 weeks.


    The spreadsheet below shows TGEP operating cash generating potential.
    My AISC estimate is extremely conservative at $2,100.
    I'm expecting (TGEP) true long term AISC to be closer to $1,750.



    https://hotcopper.com.au/data/attachments/6051/6051885-ee2878aebfc8d441b628a87becb3ad7b.jpg


    All my opinion, not investment advice.
    DYOR
    GLTAH

 
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57.0¢ 58.5¢ 56.0¢ $662.0K 1.158M

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