company insight explains impressive financials, page-12

"Don't dwell on should haves in the past mate."
Dont worry. Since I'm only investing money I don't need for the next few years, I am perfectly happy seeing this as an opportunity to buy some more. I only wished some of my other plays spiked so that I could justify putting some real money into Alk despite it already being my biggest position ...

"what made you buy into ALK at 30c?"
This report: http://www.alkane.com.au/reports/broker-media/brokers/20100408.pdf
Basically I was convinced by their conclusion. Also, gold covered imO most of the then current SP, with the DZP offering incredible upside if it were ever to come to fruition (including a possible later dividend at 0,30. Getting paid as a yearly dividend what I paid for my shares will be a first for me ...)

BTW, there is a new report out, agreeing with me re: future earnings:

http://www.alkane.com.au/reports/broker-media/brokers/20110928.pdf

"Based on ‘conservative’ prices provided by Alkane, we forecast that the DZP should be able to generate c A$504m per annum (after ramp up in 2015) over its 20-year life of mine." [end of mine in 2033 (selected only for financial modelling and not due to a lack of ore)" p 5 - goes to show what financial models are worth ... ]

A little optimistic imO their ideas re: dividends (esp. the 0,40 in 2015):
"If Alkane executes its TGP and DZP projects by conventional debt funding routes and pays out all its spare cash in the form of dividends, we estimate that a hypothetical dividend stream to investors from 2013 to 2033 will be worth A$2.91 in current money terms (using a 10% discount rate to reflect general equity risk). This then rises to A$6.04 in 2019 in the year the maiden dividend is paid."
IMO it seems likely that Alks managment will be more conservative than that during the ramp up - and after 2015 we will need some cash to develop all our other gold/copper projects, too ... But ,30 should be easily doable from 2015 on, and once the debt for DZP and Tomingley is paid back, 0,55 seems likely ... (500mio earnings : 300mio shares = 1,67 / share => 1/3 = 0,55)