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AlbertM

266 Posts.

04/11/16

10:23

Post #: 20367221
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Originally posted by reggie78 ↑

Personally i think expectations that the share price should rise on the back of first gold pour is the mistake, sure first gold pour is a great milestone for the company given the path its traveled, but certainly not the announcement i and most others i would imagine are after....

Commercial production is the announcement the market is waiting for now, to see if the plant and the company can do the job required, this is the elephant in the room?

IMO should this ann come in the next few weeks, i expect a small increase in SH price leading up if all is well and when commercial production is confirmed the market will value accordingly i would suggest a $1 is conservative....

Obviously if this time frame is dragged out, or a negative ann then we know what happens....
Of coarse from the point of successful production ramp up whilst problems still can arise, we are on track to meet our targets and revenue generated, deb can be paid, not only that the market has a lot more confidence the next stage can and will happen i.e.. 180-230k/oz production to start within 5-6 months?
I expect should initial production stage now be successful that the market will get right behind BLK in the lead up to plant expansion plan and beyond, especially if there is a rally from here in gold (a rally in gold from $1690?, god crazy to say)

We are on the cusp right now, a MC of failed 100k/oz producer is $100m.....MC of a successful 100+k/oz producer with our resource should be $300-500m.....MC of a 180-230K/oz producer with our resource and grade should be $800m +

Been great ride so far but imo this bad boy is literally just getting fired up

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Good summary, except for the misleading ending that 'this bad boy is getting fired up', it isn't, it is my other goldies that are really moving (ie MOY, EVN, NST).
The SP target was revised down to .97 and I don't have to tell you there is no outside interest.
Can I ask why would you recommend holding and waiting six months to see if things work out during ramp up against moving your money elsewhere and make some decent returns- and re-Investing here when the project is finally proven, avoiding the ramp up risk?

BLK Price at posting: 73.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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