GWR resource needs a bit more done yet, drilling and some permitting. Lots and lots of red tape in mining. Silly really, when you think about 'restoration" costs as if its in the middle of a settled area when it is really a sparsely populated and huge desert there. When it starts up it will allow the BLK plant to be run at its 2.1 m.t. p.a. capacity, producing savings in cost on a $ per oz produced basis.
BLK has had such a bad track record over past years with investors that it will really have to prove it can produce the goods in the form of sustained profits of a very substantial nature before it will be re-rated.
BLK Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
