Ann: Record Month of Gold Production, Record Low AISC, page-72

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justaguy

23 Posts.

10/02/18

10:07

Post #: 30963868
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Originally posted by Travvo88 ↑

You must be a new holder. Read through some of the other announcements and you'll see that there have been situations where information, that you would expect to be disclosed, hasn't been disclosed.

Two in particular;

1. A wall failure/slip that required extensive remediation and impacted heavily on the quarter results wasn't reported.
2. AISC not reported last quarterly but now reported to show how things have turned around?

BLK have such a low strip ratio now that it would take an act of god for them not to make money for the next 5 months. However, if you look at these first pits they have mined, how much $$$ have they burned? You take the good stuff first, you don't mine the shi* deposit straight up. And how much $$ has been spent so far.

I would be paying close attention to the performance of the company over the next few months and their ability to meet targets. Hopefully things turn around. Just remember that sooner or later they'll have to spend money stripping waste again....

My disclosure. Lost a bit on BLK but didn't have much $ in to start with - got hammered with the funding debacle but am not a long term holder that got totally burned. Would consider getting back in as I can see the next quarter being really good but I'm not convinced that the project is viable long term. Watch out for a pump and dump. Will keep an eye on things and see if things change without BD leading the charge....

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" You take the good stuff first, you don't mine the shi* deposit straight up"

Maybe so, but you should be aware that open pit mining a relatively narrow gold ore body is going to require big stripping first. It's not just dig=gold....

BLK Price at posting: 6.0¢ Sentiment: Hold Disclosure: Held
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Ann: Record Month of Gold Production, Record Low AISC, page-72

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