Thanks for the chart mowibble, gold certainly looking bullish!!
BLK is my pick, great fundermentals could certainly be a 5-10 bagger in next 6-12 months as DFS is issued and production commences!
-19M market cap -100M shares on issue -Top 20 shareholders own 70% of shares issued -6M cash on hand[current spend rate 1M a quarter for exploration & admin] -4.3M o/z@ 3.3g/t -1.5Mo/z @ 1.9 g/t of resource is all open pit oxide, quick mineable free milling ore production C1 cost $700-800 p/oz -Stock pile of 3M tonnes of tailings, ready to be produced at $700-800p/oz, can easily produce $2-3M a quarter positive cash flow at current POG… -Own their own plant & infrastructure, air port, 350 person accommodation... -Production 1-1.5mtpa, 80,000-100,000 oz/pa -All enviro and mining licences approved. -Small Capex to production $30M maybe funded by debt facility/royalty -Currently drilling and defining further resource on their land holding of 780km2,-55km of mine strike, resource could well be 6M+o/z by end of year..
