It should be a lot more more than $1,720 sales this quarter considering they 6K oz. in stock at the end of last quarter. That is, also considering their hedging agreement.(they have to sell 12K oz @ $1,675) for the quarter Also add $2.8 mill farm in and the $1.6 mill in cash they had. It adds up to around $9 mill cash to carry them through this quarter Even at worst forecast production figures @ $1,700 for the quarter they are OK. As long as they cut feasibility and future development costs it should be OK. I sent an email a couple of weeks ago to them to reduce exploration/staff costs and hang in there for moment. I think we already have ample enough resource definition. Let us see if they concentrate on extracting rather than resource definition.
BLK Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
