Your maths is correct GW, but don't forget that will include the budgeted discretionary expenditure of 7 drilling rigs which don't come cheap. That's a big campaign and is due for completion this month. We seem to be in a price backfilling process atm but that could change in a heartbeat if any one of those rigs hit long high grades. Mentioned before that I see the Sept Qtr operating figures as the low risk price driver. The upcoming resource upgrade likely to do its bit as well. Wiluna fits my criteria as a high upside hold as the systemic crisis plays out.
BLK Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
