Ann: $25M Placement To Fast Track Expansion Plans-BLK.AX, page-41

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happy Hippy

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21/08/16

00:18

Post #: 18566919
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Originally posted by speculator101 ↑

Hi Jig, while I appreciate the differing view point, I am happy to counter your views.
Quite simply MOY is at best, if you are going to value things equally, be only half the size of BLK.
Why... their plant can only produce at a maximum of 100k. BLK - 200k
Mine life MOY - 2 years
BLK - 7 years
Resources - MOY - 1.1m ounces
BLK - 5.1m ounces

Yes MOY is spending $10m but they quite literally have to, otherwise their plant will be out of ore before they know it. BLK, no rush, except they will be spending a similar amount (approx $10m) which I am happy to predict, will at a minimum, double the amount of gold that MOY will find in the next 12 months.
The drilling will also allow BLK to double its production to 200k. with only minimal capex.

I am actually really surprised that MOY is able to have such a large market cap considering its peers like SLR, RMS, DRM and now BLK are similar. Strange. That being said I wish I could have ridden MOY up as I would be selling like crazy and buying into the likes of DRM/TRY/BLK (no advice, just what I would have done). Anyway, appreciate your view point but I am confident that BLK will MOY in its dust.

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Also have 3 times as many SOI than BLK. I held MOY but sold alot last week as believe it s SP got a bit carried away. Think many saw it as the next BLK but as you pointed out there are many fundamental differences...another being BLK plant is actually two.

BLK Price at posting: $1.11 Sentiment: Buy Disclosure: Held
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