ALK 1.27% 40.0¢ alkane resources limited

Heh, 75% would be pretty sweet - since the last formal numbers...

  1. 1,239 Posts.
    Heh, 75% would be pretty sweet - since the last formal numbers were just below 50% IIRC, that would translate to 50% more profit from REEs. That is > 60 mio more profit at DFS prices, which are lowballed for HREE. 100 mio would be more realistic.

    So let's consider: 310 mio (Dubbo DFS) + 40 mio (Tomingley) + 100 mio = 450 mio profit / year ... And that doesn't even include tantalum. Or the Orange JV.

    If we can hold the sharecount at 450 mio,* too, we should end up with earnings of $1 / share. Now look at our SP and weep (or drool, if you got some cash lying around).

    (*CR of 100 mio shares at $3 once all the other parts of the puzzle are in place?)

 
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