ALK 3.45% 42.0¢ alkane resources limited

Hi MaccaDidn't reply to ur previous post in last days, so all in...

  1. 328 Posts.
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    Hi Macca
    Didn't reply to ur previous post in last days, so all in one go.... yes I'd question some of my numbers in back of envelope stuff, but essentially Tomingley with next phases of Roswell and SA should easily self fund from FCF. That sets ALK as a 80-100KOz producer at circa 2 to 3 g/T ore and $1k margin. Gold price trend critical I agree is crucial, and God only knows there...

    That funds Boda drilling for next year or two, as TGP new open pits and road relocation will be a 12 month exercise, while cash accumulates. But also justifies market cap now... just on pure cashflow. Dependant on gold price, but as oft pointed out this makes Cadia what it is... gold miner, OR copper miner??? When copper is on a roll who cares... drill drill drill


 
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