ALK 3.09% 47.0¢ alkane resources limited

my own estimates are $15.4m operating cashflow.. close enough....

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  1. 8,284 Posts.
    lightbulb Created with Sketch. 1590
    my own estimates are $15.4m operating cashflow.. close enough.

    One point - They are writing off the underground development 100% via the AISC rather than via depreciation and amortisation - if I understand this right.
    ALK's true AISC is lot lower.
    This move allows them to use that same cash to cover some development costs for the following quarter - hence why I think they may not need to go into as much debt as many think.
    Especially if gold tops $3950aud.

    I doubt they will be allowed to put the highway cost on the AISC though.. there is no grade/ore in that material - unless ALK drills few shallow holes once the top cover is striped and show there is grade then it is mining operation and allowed to be part of the AISC. I doubt there is time for that but who knows.

 
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