ALK 3.64% 53.0¢ alkane resources limited

I think this is an outstanding entry point (not investment...

  1. 4,549 Posts.
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    I think this is an outstanding entry point (not investment advice just IMHO).
    ALK's operational mining division is a proven team.
    Very few miners can brag about hitting guidance for nearly 10 years straight.
    Rosewell has a reserve grade of 2.3gt. I am fully expecting recovered grade to be anywhere form .2 to .3gt higher than reserve grade as the higher VG content found in the Rosewell core should result in a higher ore reconciliation grade.
    So underground cutoff grade is 1.6gt leaving anywhere from .7gt to 1gt left for operating margin.
    In the Crux interview Nick mentioned that Roswell would be mined at a rate of between 1.1mtpa to 1.2mtpa.
    I missed this originally, Nick was at pains to remind everyone that after the paste fill plant and mill upgrades, ALK would go into cash harvest mode for at least a couple of years to strengthen ALK's balance sheet.
    Back up to 60k ALK shares held.
    Good amount of capital flowing into ALK on a green day today. Over half a million dollars and we still have over 2 and half hours of the trading day remaining.
    https://hotcopper.com.au/data/attachments/6253/6253580-baaf441ad93d7c35e0d8e7396b3262a0.jpg


    https://hotcopper.com.au/data/attachments/6253/6253575-774bcc48b05758d087a6024c27051755.jpg



 
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53.0¢
Change
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Mkt cap ! $320.6M
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55.0¢ 55.5¢ 52.0¢ $603.1K 1.139M

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No. Vol. Price($)
5 13571 53.0¢
 

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Price($) Vol. No.
53.5¢ 32073 1
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Last trade - 16.10pm 04/11/2024 (20 minute delay) ?
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