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58.5¢ alkane resources limited

going alone? This will be $2b project. They struggle to manage...

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Antipater_100

7,436 Posts.

1411

29/04/24

09:30

Post #: 73551545
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Originally posted by james99: ↑

The headline inspires confidence yet does not capture the full extent of the announcment. The detail of the announcment shows that Alkane has been able to, through driling and mine planning:

- show that the Boda area resources are closely linked, combining to a vast resource; and

- that they, in this case Kaiser, are susceptible to easy bulk mining.

It increasingly becomes an issue of conventional mine design, funding, construction and mining, which Alk has proven capable of at a lesser scale. Its real decision will be whether to have a JV or take a likely more protracted time to go it alone. Its pretty apparent from the detail of this announcment that much of Alk's energy has been directed at the main event, ie Boda. Rightly so.

This is very encouraging.

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going alone? This will be $2b project. They struggle to manage and control costs on a ~ $100m project at TGOE.

JV is the only way for ALK.

Boda will be bulk mined too - btw.

ALK Price at posting: 64.5¢ Sentiment: None Disclosure: Held
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Last 58.5¢		Change 0.000(0.00%)		Mkt cap ! $353.0M

Open	High	Low	Value	Volume
59.0¢	59.0¢	58.0¢	$57.21K	97.70K

Buyers (Bids)

No.	Vol.	Price($)
10	57289	58.5¢

Sellers (Offers)

Price($)	Vol.	No.
59.0¢	41400	7

View Market Depth

No.	Vol.	Price($)
9	56488	0.585
9	69272	0.580
7	46139	0.575
9	66703	0.570
3	8470	0.565

Price($)	Vol.	No.
0.590	25573	3
0.595	13524	8
0.600	3447	2
0.605	14867	3
0.610	179	1

Last trade - 11.46am 14/05/2024 (20 minute delay)


Last 58.5¢			Change 0.000 ( 0.03 %)
Open	High		Low	Volume
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