Lets have a very simplistic look at the market valuation of ALK versus its asset backing.
Market Cap currently circa $130M
Cash as at 30 Sep $72M
No debt.
Tomingley 60k toz pa gold project about to be commissioned.
2nd resource at Caloma could extend mine life & increase production.
Then the big prize the Dubbo Zirconia Project.
At $130M market cap the market is placing around $80M valuation on Tomingley & no value on the rare earths or visa versa.\
ALK imo is now one of the most under valued plays around.
Lets have a very simplistic look at the market valuation of ALK...
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Last
43.5¢ |
Change
0.005(1.16%) |
Mkt cap ! $262.9M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.0¢ | 42.5¢ | $229.1K | 532.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 81951 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 611 | 1 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| ALK (ASX) Chart |