agree mate.
I think they will target the very high grades in the first 5-7 years of the Open Pits so they can get the money back fast and make enough to scale up to 10Mt and 20Mt without borrowing again.
The size of the resource will attract some mid-tier miners and someone like EVN who is now transitioning to a major gold copper but not there yet. EVN are very opportunistic and if they think they can double or triple the resource they will go for it as at current levels the JV will not attract $500m price but something closer to $150m - $200m for around 80% stake.
Also, few majors may join the bidding if they think they can grow the resource and add another ~15 years life to the current one.
ALK needs to demonstrate NMPP resource can grow much bigger than what is now. And that will attract premium price. To do that they need to prove the zone around 108 and 094 contains minable material and the grade is preferably higher than 0.58g/t AuEq.
Also, they need to drill few step-out holes at few of the high-grade holes ALK drilled in the past.
And ALK really needs someone who can sell the story or IC to step-up and start presenting more often about the value of NMPP and TGO from resource growth potential.
- Forums
- ASX - By Stock
- Ann: Revised Kaiser Resource Est Improves Confidence and Grade
agree mate. I think they will target the very high grades in the...
-
-
- There are more pages in this discussion • 126 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALK (ASX) to my watchlist
|
|||||
Last
39.5¢ |
Change
-0.005(1.25%) |
Mkt cap ! $238.3M |
Open | High | Low | Value | Volume |
39.5¢ | 40.5¢ | 39.5¢ | $158.7K | 398.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 167031 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 12000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 28449 | 0.395 |
15 | 157501 | 0.390 |
10 | 185130 | 0.385 |
15 | 203084 | 0.380 |
3 | 14250 | 0.375 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 12000 | 1 |
0.405 | 386387 | 6 |
0.410 | 22000 | 1 |
0.415 | 4264 | 1 |
0.420 | 15000 | 2 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
ALK (ASX) Chart |