Hi
@topsydc, what your thoughts regarding BLK's latest presentation & the first bullet point on page (18)....
- Stage 2 expansion to 250kozpa planning / feasibility to commence in 2020 / 21.
Interesting to compare the above info with their Feb'19 Sulphide Expansion update & the last bullet point on page (5)...
- DFS on Stage 1 and 2 expansion to be completed in the Sep'19 quarter.
Additionally, their Stage (1) Expansion commentary on page (3) of their $26m Mar'19 CR said this...
- Stage 1 Expansion: a proposed simple low capital addition of a flotation circuit to increase production to 100-120kozpa
Compare the above Stage (1) wording with the capex info on page (16) in their latest presentation...
- Total Stage 1 Expansion Capital Expenditure : $62m (perhaps BLK have updated their fiscal expectations of low capex....the Stage 2 capex might be an interesting figure if BLK ever get around to releasing a completed DFS).
My guess is there are sensible reasons why you don't trust them & it appears the Market doesn't trust them either : the POG is AU$2344 & BLK's SP is 1.1 cents. Maybe only a super-duper
HULKPOG can lift the weight of 4.7+ billion BLK shares. Only time will tell.
