AHK ark mines limited
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Capex does seem a bit high for what is essentially a sand pit...

  1. Kenny Powers
    7,664 Posts.
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    11/12/24
    09:59
    Post #: 76993655
    Capex does seem a bit high for what is essentially a sand pit filtration system. JandJ was on the money with his guesstimate though.

    From the study:

    'The scoping study demonstrates strong financial returns and sustained high-margin cash flows based onphase 1 targets of 20.8 megatonnes per annum (Mt/a) mined ore. The phase 1 approach is based on athree to four-year plan mining from the current MRE (71Mt) of 60-65 megatonnes. The currentExploration Target is anticipated to extend the LOM to over 100 years.'
    AHK Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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