Commercial Production achieved, page-85

For me the next announcement will either be a production update, or the Stage 2 Expansion results which are due this month, as per the most recent Company presentation on slide 23 (i.e Capex of say, $50m, plus production profile of around 230-260k from 2018/19 onward's). Whilst I am not a fan of company's providing monthly updates on production, I am ok with BLK doing it for now as a good January would give greater confidence that since they declared commercial production, its not just cash flow positive by a couple of $$$, but making the sort of money that will ensure BLK does not need to tap the markets to develop Stage 2.



That being said, we could still have further resource/reserve updates (i.e Golden Age and its open pit potential), but I feel like the most recent updates were 100% focused on providing the last few numbers required to complete the Stage 2 study.