ALK 0.00% 59.5¢ alkane resources limited

I am puzzled by the CFO's comment that a 20mtpa plant would only...

  1. 4,930 Posts.
    lightbulb Created with Sketch. 2047
    I am puzzled by the CFO's comment that a 20mtpa plant would only produce 250k to 300k Oz Eq pa - it seems low.

    If the head grade is 0.6g/t Eq production at that grade would be about 330k Oz pa at recoveries of 85% or 310k Oz at 80% recoveries.

    What am I missing? If I am right why is he CFO being so conservative? Or is he excluding Cu (doubt it)?
 
watchlist Created with Sketch. Add ALK (ASX) to my watchlist
(20min delay)
Last
59.5¢
Change
0.000(0.00%)
Mkt cap ! $359.0M
Open High Low Value Volume
60.0¢ 61.0¢ 59.3¢ $152.8K 254.2K

Buyers (Bids)

No. Vol. Price($)
1 48973 59.5¢
 

Sellers (Offers)

Price($) Vol. No.
60.5¢ 4964 1
View Market Depth
Last trade - 16.10pm 15/05/2024 (20 minute delay) ?
Last
59.5¢
  Change
0.000 ( 0.17 %)
Open High Low Volume
60.0¢ 60.5¢ 59.5¢ 50365
Last updated 15.59pm 15/05/2024 ?
ALK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.