@subi1I think you are correct. I think along similar lines...

@subi1

I think you are correct. I think along similar lines too.

Depending where POG will be moving and staying it will determine if ALK need to raise more capital or not.

Current Q shows their cash reserves are $3m down compared to previous period. Now that ALK are using 2 rigs at Boda, expenses may go up but not by much as drilling at Rosewell and San Ant may be scaled back a bit. Who knows. Spending of land acquisitions may have been mostly completed and that side of expenses may go down in the future.
Future forward sales plus put & call options they hold and buy/write will also play part on future profit.

At the end of the day Boda is way too influential of how SP will perform.

Worst case I see 50-65c in an event of really poor Boda results and some market turbulence that can create negative sentiment.

SP to linger around these levels (70c - $1) and future Boda results are similar to previous ones - will keep us all suspended for while.

SP to $3 and above if ALK reports discovery of serious size high grade zone that can allow most if not all low grade material to be blended and mined at around 0.8g/t AuEq for total of ~15M Oz deposit.

This view is for next 2 years. Beyond that other factors will play out - if we get to developing Boda then no matter how much money Tommie makes ALK will have to raise funds, go into depth etc.. Or consider JV perhaps.