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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Yes ...highly relevant and important point .The expected...
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57.0¢ |
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Mkt cap ! $343.9M |
Open | High | Low | Value | Volume |
53.5¢ | 57.0¢ | 53.0¢ | $1.243M | 2.231M |
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No. | Vol. | Price($) |
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1 | 1869 | 53.5¢ |
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Price($) | Vol. | No. |
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57.0¢ | 30258 | 1 |
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No. | Vol. | Price($) |
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2 | 68144 | 0.530 |
1 | 20000 | 0.525 |
4 | 21700 | 0.520 |
2 | 13988 | 0.515 |
Price($) | Vol. | No. |
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0.575 | 126004 | 2 |
0.580 | 25037 | 3 |
0.585 | 1688 | 1 |
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