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20.5¢ wiluna mining corporation limited.

Ann: Record Quarter of Gold Production for Blackham, page-369

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mvc

3,166 Posts.

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17/04/18

13:23

Post #: 32503163
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Originally posted by cardinal1969 ↑

I'm not too preoccupied with the US dollar gold price I'm more interested in the Aussie Dollar going into a tail spin.

This BLK situation reminds me of a very similar company 35 years ago, Sons of Gwalia.

Sons of Gwalia was a 25 cent share for about year with a break even gold mine. The Aussie dollar fell from 90 US cents to 75 and the Sons of Gwalia shares went from 25c to $4, with nothing else changing.

I'm thinking the $AU is about to tank pretty soon. When (if) this happens we will be seeing everything in an entirely different light.

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yep 78c is too high for exchange rate, 68c more like it. that alone would give us another 14% per ounce in Ausie dollars.

The effect on profit margins would be even higher, maybe 35% or more.

DYOR

BLK Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
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