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.
- Forums
- ASX - By Stock
- ALK
- Ann: Completion of Capital Raising and Shortfall Notification
Ann: Completion of Capital Raising and Shortfall Notification, page-11
Featured News
Add ALK (ASX) to my watchlist
(20min delay)
|
|||||
Last
56.5¢ |
Change
-0.010(1.74%) |
Mkt cap ! $340.9M |
Open | High | Low | Value | Volume |
58.0¢ | 58.0¢ | 56.3¢ | $536.1K | 939.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 64960 | 56.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
57.5¢ | 4906 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 64960 | 0.565 |
14 | 166644 | 0.560 |
9 | 217216 | 0.555 |
11 | 113766 | 0.550 |
2 | 9925 | 0.540 |
Price($) | Vol. | No. |
---|---|---|
0.575 | 4906 | 1 |
0.580 | 29056 | 4 |
0.585 | 54361 | 4 |
0.590 | 100000 | 3 |
0.595 | 36000 | 2 |
Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
|
|||||
Last
57.0¢ |
  |
Change
-0.010 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
58.0¢ | 58.0¢ | 56.5¢ | 150944 | ||
Last updated 15.59pm 28/05/2024 ? |
Featured News
ALK (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online