ALK 1.71% 57.5¢ alkane resources limited

Unless something has changed since the last quarterly, the...

  1. 569 Posts.
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    Unless something has changed since the last quarterly, the underground ore is not yet being processed.

    From the quarterly, "TGO continues to perform very well. Underground development from the base of the Wyoming One pit
    continues and is both on schedule and on budget. TGO processed both medium and low grade stockpiles
    through the quarter, and will process the low grade stockpile for the remainder of the year before
    processing the underground ore."

    They are still building the underground,
    "Underground Mining Development
    Underground development has continued on schedule with both the main decline and vent portals
    progressing. Main decline development has gone past the first ore level, and grade control drilling has
    been taking place through the quarter. All required personnel and equipment are on site, further
    equipment is arriving on schedule. The development remains on budget."

    Not far off the processing of the underground ore but still not yet happening.

    I expect that ALK has again being very conservative in there estimation of the production from the underground when it starts and it will be better than expected.

    Like you D&C I have taken some profits.
    Last edited by RabbitTrap: 23/09/19
 
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