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WMC wiluna mining corporation limited.

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Commercial Production achieved, page-86

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christ1990

61 Posts.

03/02/17

01:20

Post #: 22337213
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Originally posted by speculator101 ↑

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.

View attachment 442454

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.

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Think BLK is bit financially stressed. Hence the JORC drilling agreement.

BLK Price at posting: 77.5¢ Sentiment: None Disclosure: Not Held
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Commercial Production achieved, page-86

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