Gold Turnaround Story of 2018, page-2714

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cevatt

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13/04/18

08:57

Post #: 32427439
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Originally posted by Graphite101 ↑

A holistic and multi facet viewpoint and honest snapshot as numbers dont lie ( unless you have crooked auditors lol ) however there are other key drivers now coming into play that will change the game potentially

1) BLK have clearly shown they have it under control as past 3 months they are producing record numbers and containing OPEX ( Good sign ) - With May just around the corner we should see similar result or better based on recent results - this will be the key going forward.

2) Gold price is projected to go much higher in 2018 which would dramatically increase economies of scale and ultimate profit EBIT (HOWEVER not guaranteed )
Personally I think they are now getting themselves into a very strong position to get back and blitz previous recent highs- give it a few months of production and will be different story IMO

3) We have targeted expansion ASIC which will produce more at a minimal cost
BLK on track to produce approx. 80Koz and our production costs contained around $1,150. oz
So all these add up to a much higher valuation and recent monthly announcements now showing we trucking along =nicely with continual improvements

4) Our Resources
Resource of 6.5Moz
Reserve of 1.2Moz and we have been adding to this resource for past couple years where as other gold miners cant and havent achieved this

so for me its purely a game of patience AND TOP UPS AT THESE LEVELS
Cheers G101

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In view of the fact that it must gap down to 5.6 you should stop ramps of this type. A newbie who was not aware of all the facts would lose money if he followed your advice

BLK Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Gold Turnaround Story of 2018, page-2714

Top Stories

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

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EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

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