I hope I am wrong but 50-50 JV, as I said before, is not going to attract a major. NMPP is not big enough for that and ALK are yet to demonstrate any potential outside Boda/Kaiser/Boda2/3.
They are not exploring all the options - it seems.
20% of profit over ~35 years with 25Mt plant operated by a major seems like a good and SAFE option.
And what contribution can ALK make in a 50-50 JV of such size? What experience and expertise do they bring to the table? They can't even upgrade from 1Mt to ~1.5Mt without blowing the budget while unable to provide any meaningful project upgrade so now they want to play with 20Mt plant?
I really want to see what exploration results they produce from NMPP. Especially if there is anything requiring follow up drilling.
I hope I am wrong but 50-50 JV, as I said before, is not going...
Add ALK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
44.0¢ |
Change
-0.015(3.30%) |
Mkt cap ! $266.0M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.0¢ | 43.5¢ | $306.2K | 689.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 29806 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 37979 | 3 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| ALK (ASX) Chart |