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38.5¢ alkane resources limited

Ann: Revised Kaiser Resource Est Improves Confidence and Grade, page-41

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Joelstar

4,243 Posts.

2882

30/04/24

14:07

Post #: 73584423
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Originally posted by prhb: ↑

It does seem clear that the market wants more information, and the high retail shareholder base probably makes the share price more volatile.

Deferring the open pit/s would increase profitability in the short term, allowing for the highway removal and development of open pits later on out of profits, rather than debt.
I do wonder whether they could hit 100k oz per year without the open pits - probably not. Nic did say on one of the Proactive interviews that tenders were out for moving the highway - but that does not force them to proceed, I guess.

The Roswell grades are quite okay for an open pit @ 1.7g/t, but San Antonio is where the greater ounces occur.

I have not seen what the probable strip ratios would be, although their diagrams of pit design from Annual Resources and Reserves make it look significant. Looks like about 1.5 kilometers in total length. I guess the 406k oz for San Antonio is for the two pits (SA North and SA)

The pit shell designs was based on a gold price of AUD $2250 per ounce, so based on current gold pricing, it could be much larger.

An Edison report from January this year says that Alkane valuation is similar to an explorer

https://www.edisongroup.com/research/boda-continuing-to-add-value/33092/

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ALK Price at posting: 62.8¢ Sentiment: None Disclosure: Not Held
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Last 38.5¢		Change -0.010(2.53%)		Mkt cap ! $232.3M

Open	High	Low	Value	Volume
39.0¢	39.0¢	38.0¢	$266.7K	689.4K

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No.	Vol.	Price($)
14	101492	38.5¢

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Price($)	Vol.	No.
39.0¢	345718	26

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No.	Vol.	Price($)
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23	431875	0.380
10	105637	0.375
6	30452	0.370
2	20098	0.365

Price($)	Vol.	No.
0.390	50004	20
0.395	277188	7
0.405	61592	3
0.415	5164	2
0.420	27900	4

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