Yes ...highly relevant and important point .
The expected announcement on the revised underground mine plan at Tomingley , based on underground development so far plus underground drilling ...will likely increase both annual production and mine life guidance .
Currently at 30k to 35k pa , with a cost production of $1250 to $1400 per oz .....say $800 per oz net revenue . Simple maths , for every 5000 additional ozs , $4 million additional net revenue .
Demerger costs ....and additional employee costs as the Tomingley plant ramps up again , and as exploration costs increase as expected on both Tomingley South and Boda expand , its important cash flow is strong .Whilst factored into the recent/current capital raising , its important/vital that current revenue keeps "topping up "( ie under promises and over delivers) , to allow for even more aggressive drilling and exploration as is warranted ..and to hopefully tap into either sustained or even higher $a gold prices.
An increase to an increased 5 year Tomingley Underground Mine plan ...as they move into new ore at Roswell Underground from the drive in 12 months time ....would be a great scenario . Allows for the impetus of BODA exploration , to represent pure "blue sky" to the share price .
Whilst the conjecture of the current CR as to timing /price/dilution has been strongly debated , it is now a fait accompli . Participants at 55c , whether Institutions sold the story privately , or retail holders ...should be very well rewarded . You would be hard pressed to find a company in either the mid tier gold space , or ( the few companies ) in Zirconium / rare earths ...that has so many needles advancing on the dial .
Watching the cricket , and thinking about Alkane prospects ...is a pretty rewarding Boxing Day . Best of 2020 prosperity wishes , to the many excellent ALKANE posters , who have added to strong and meaningful discussion in recent months , and there will be plenty more to dissect/debate in the first 3 months of the New Year.
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $256.4M |
Open | High | Low | Value | Volume |
42.0¢ | 43.0¢ | 42.0¢ | $195.0K | 459.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 56868 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 62100 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 56868 | 0.420 |
5 | 140517 | 0.415 |
7 | 164924 | 0.410 |
4 | 31746 | 0.405 |
10 | 119750 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 62100 | 3 |
0.435 | 78273 | 7 |
0.440 | 6882 | 3 |
0.445 | 61858 | 4 |
0.450 | 102170 | 5 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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