People need to wake up to the reality of the 6M oz resource.
The majority is based on wide spaced drilling that will need extensive underground development just to provide a platform for infill drilling, let alone the cost of the drilling then the development required to access the lode.
The size of resource at measured status is laughable.
Operating costs seem to have a baseline of 1100-1300 per ounce depending on the metallurgy at any point in time. At the absolute minimum I'd expect 300 per ounce sustaining capital to keep the show going. Add corporate, g and a on top of that and it's very questionable if this business actually will make it another 12 months imo. Not scaremongering, I'm being serious. If this is above 5c in mid 2019 I'll be flabbergasted.
BLK Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
