Ore in ADDITION to the EXISTING underground resource MODEL has been identified, and together with a review of cut off grade for stope design is expected to lead to increased tonnage and POTENTIAL MINE LIFE EXTENSIONS. The mine PLAN modelling is being updated in the coming quarter to factor any additional mineralisation.
Ok, another miss by hot copper/market. We all know the underground mine has 36 months of production. However, the above suggests to me that we may be down mining for a lot longer than first thought.
This year we are expecting 30,000 to 35,000oz PRIOR to the above statement. At $2200 gold, this is between 66 million and 77 million.
Times this by three years and we will have revenue of between 198 and 231 over the next three years.
However, what if we can increase the ore by 30%? Now we are talking about revenue of between 257 and 300million (not sure what time line this would be?).
Not to mention if the gold price moves higher.
We will know next quarter, what they are predicting going forward.
This is SOME ADDITIONAL NEWS flow that is no one is interested?
This announcement was fantastic!
Ore in ADDITION to the EXISTING underground resource MODEL has...
Add ALK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
64.5¢ |
Change
-0.010(1.53%) |
Mkt cap ! $389.2M | |||
| Open | High | Low | Value | Volume |
| 67.0¢ | 67.0¢ | 63.5¢ | $966.2K | 1.484M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10774 | 64.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.0¢ | 53509 | 4 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
65.5¢ |
Change
-0.010 ( 0.97 %) |
||||
| Open | High | Low | Volume | ||
| 66.5¢ | 67.0¢ | 63.5¢ | 334168 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| ALK (ASX) Chart |