Australia's largest stock trading and investment forum Australia's #1 stock forum

AKO

Click for more information

9.52%

11.5¢ akora resources limited

Awesome, that's for the insight!

First 9 Last

Share
Profile

Follow
thecrabpest

2,451 Posts.

1656

12/05/23

15:14

Post #: 67746279
Share

Originally posted by Goldbug23: ↑

Because Tratramarina is BIF, straight away there is no such thing as small scale mining. It will need wet milling and mag sep, serious power to run ball mills, water, tailings dam all of which requires a lot of capital. Even though it’s only 16km from the coast, a conveyor and ship loading jetty will still cost at least $100million.

They say there might be some hematite on top which may or may not be DSO quality. Assuming that it is DSO quality, we would need to spend a few million to get the deposit to the same stage as Bekisopa. Both of these east coast tenements are green forest which is much less attractive than Bekisopa which is not forested.

If AKO were to raise the capital to get the east coast deposits up to the same stage as Bekisopa then this would dilute everyone by at least another 30% but there’s no guarantee that there is any DSO ore there. Spending money on deposits without DSO would be a death sentence for a little company like AKO.

I think they should concentrate solely on Bekisopa until it’s in production, then look at other deposits.

Expand

Awesome, that's for the insight!

AKO Price at posting: 15.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

RDN

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

EMD

Emyria jumps 10% on 'interim' success treating PTSD patients with MDMA

GMD

Genesis set for higher gold production in FY25 and earlier mill start

TAT

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

BAS

Bass completes successful testing work at Kiwi-1, showing higher-than-expected condensate yields

There are more pages in this discussion • 1 more message in this thread...

First 9 Last

Add AKO (ASX) to my watchlist

(20min delay)
Last 11.5¢		Change 0.010(9.52%)		Mkt cap ! $13.85M

Open	High	Low	Value	Volume
11.5¢	11.5¢	11.5¢	$678	5.897K

Buyers (Bids)

No.	Vol.	Price($)
1	3551	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	59995	1

View Market Depth

No.	Vol.	Price($)
1	3551	0.115
2	20000	0.110
2	29519	0.105
5	49578	0.100
1	97138	0.097

Price($)	Vol.	No.
0.120	59995	1
0.145	37144	1
0.150	79999	1
0.155	22284	1
0.175	3000	1

Last trade - 11.25am 02/09/2024 (20 minute delay)

AKO (ASX) Chart