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.
All my opinion, not investment advice.
DYOR
GLTAH
- Forums
- ASX - By Stock
- Alk Chart
I know you're asking @sabine, I thought I'd throw in my two...
- There are more pages in this discussion • 129 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 ALK (ASX) to my watchlist
(20min delay)
|
|||||
Last
63.0¢ |
Change
-0.005(0.79%) |
Mkt cap ! $380.1M |
Open | High | Low | Value | Volume |
64.0¢ | 64.5¢ | 62.5¢ | $542.8K | 853.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 25252 | 62.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
63.5¢ | 55379 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 25252 | 0.625 |
12 | 133170 | 0.620 |
11 | 134154 | 0.615 |
12 | 181713 | 0.610 |
3 | 18950 | 0.605 |
Price($) | Vol. | No. |
---|---|---|
0.635 | 55379 | 9 |
0.640 | 32325 | 5 |
0.645 | 101458 | 6 |
0.650 | 52348 | 5 |
0.660 | 20158 | 2 |
Last trade - 13.25pm 21/05/2024 (20 minute delay) ? |
|
|||||
Last
63.0¢ |
  |
Change
-0.005 ( 0.40 %) |
|||
Open | High | Low | Volume | ||
64.0¢ | 64.5¢ | 62.5¢ | 163485 | ||
Last updated 13.25pm 21/05/2024 ? |
Featured News
ALK (ASX) Chart |