ARS 0.00% 4.9¢ alt resources limited

Ann: Mt Ida and Bottle Creek Resource Upgrade Adds 113,000oz Au, page-20

  1. 7,556 Posts.
    lightbulb Created with Sketch. 1776
    A few interesting comments in that video.

    1) They're now planning for a 750ktpa plant in Bottle Creek. That's a very big deal. The CAPEX may be a little higher but the throughput and therefore profitability could be as much as 50% higher that the previously envisaged 500ktpa plant. Excellent plan considering the price of gold.

    2) James is on record for saying they wont be raising again. Will the market believe him? Probably not. But when the TF contract is executed and the details of the working capital facility are revealed, I think Mr Market may start to come around.

    3) "One billion dollars of gold in the ground". Not counting the $92m of silver. I loathe inground valuations as they completely miss the single largest consideration of cost (and James did well to reel it in) but it is a very large sum of dollars in the ground.

    4) Reserves in March.
    Producing in April. P
    FS for BC in June. $11m MC. Fark me.
 
watchlist Created with Sketch. Add ARS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.