BC8 2.88% 53.5¢ black cat syndicate limited

Ann: High grades up to 197g/t gold in the Paulsens Main Zone, page-24

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  1. 12,404 Posts.
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    They need to complete the engineering and restart studies. They would be close. The company won’t turn anything on until everything is lined up. They have employed the mine manager and the gold price has moved higher. They would have lined up certain things pre the study completion in the back ground. They would also be looking at their funding options and ongoing news flow. You would want to announce the studies, restart and Money all around the same time. Once again, the market won’t get a look in for the last placement given the companies track record. That should get slammed shut quickly as it’s likely to be the last dilution into production. Drill baby drill over the next weeks to slam home more ounces for the restart. This won’t be a lot of years, it has always only had 2-3 years resource runway for Paulsens to operate. This next resource update should be close enough for them to have the ounces they want. They certainly should have them by June at this rate.
    Bc8 is on the road to converting from explorer to producer in a healthy gold market. They are going to start drilling for the Paulsens offset this month. That could change our share price. Lots going on.
 
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1 81325 53.5¢
 

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Price($) Vol. No.
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