@glauconite
Maybe, because they are like me out of cash right now, thanks to the euro crisis and all? But that's just a guess ...
@George
The funny thing is, if you are upbeat on gold, you are basically getting the REEs for free.
We are currently valued at 300 million.
We got cash at 110 mio. Tomingley is worth 50 mio + imO provided we get the permit (99% sure about that) and can do the forward sale.
Our Orange JV share at the current stage should be worth at least 100 mio.
Then there are our 3 other gold/copper prospects. Say 10 mio for the bunch?
That leaves just 30 mio for the DZP which according to some brokers has a NPV of a billion bucks. And that number is based on - likely - overstated capex and - also likely understated REE prices (and not even including the tantalum).
You do the math.
Now, were do I get more cash from ... :-(
- Forums
- ASX - By Stock
- recommend buying alk 300% upside
@glauconite Maybe, because they are like me out of cash right...
Featured News
Add ALK (ASX) to my watchlist
|
|||||
Last
42.0¢ |
Change
-0.015(3.45%) |
Mkt cap ! $253.4M |
Open | High | Low | Value | Volume |
43.5¢ | 43.5¢ | 41.5¢ | $184.8K | 435.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 67972 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 53435 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 67972 | 0.420 |
9 | 57251 | 0.415 |
9 | 77850 | 0.410 |
8 | 153100 | 0.405 |
14 | 292388 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.425 | 53435 | 14 |
0.430 | 50429 | 5 |
0.435 | 38500 | 3 |
0.440 | 32197 | 2 |
0.445 | 12247 | 2 |
Last trade - 13.51pm 15/08/2024 (20 minute delay) ? |
Featured News
ALK (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online