Alkane Resources seems set for some serious cash flows from its Tomingley gold mine. This plus it’s 100 year Dubbo Zirconium Project with some of the world’s richest heavy Rare Earth Resources places Alkane in a very sweet spot. That they have a suite of other strategic metals (Niobium, Tantalum) adds to ALK’s desirability. The Tomingley mine will give ALK significant cash flows to progress their other projects.

“Definitive Feasibility Study for the project delivered production of 50,000 to 60,000 ounces of gold a year for an initial 7.5 years, and based on a gold price of A$1,700 per ounce the project should generate cash flow (EBITDA) of around A$250 million with an internal rate of return of 32%.” read more

I hold ALK