The only thing that BD needs to focus on is production and grade.
In January I was hearing that they were doing 10,000 per month and that 65,000 oz by June 30, 2017 was no problem.
If they did 8000 oz as at Dec 31,2016, they need to do 9,500 - 10,000 oz per month to meet that target.
The fact that they have only made vague comments in presentations about production, leads me to the conclusion that they are behind schedule.
The fact that BD is doing a feasibility on 200,000 oz per year when they can not justify they can do 100,000 oz per year- shows that he is out of touch.
BLK needs to regularly produce 10,000 oz per month over the next 12 - 18 months before it worries about 200,000 oz per year feasibility studies.
If BLK only produces 5,000 oz per month, 15,000 oz per quarter for the past quarter, then there are issues with plant, grade, production and management.
Just my view
DYOR
BLK Price at posting:
54.5¢ Sentiment: Hold Disclosure: Not Held
