Ann: Annual Report 30 June 2016-BLK.AX, page-3

Ok, so most of the annual report is well, pretty boring but that is to be expected.
The only really interesting 'nugget' was this on pages 9 & 10.




Now I am pretty sure they have made a typo, as the yellow and black pit lines should either be at A$1400 or the old pit optimization price of A$1240. Hopefully someone at Blackham can fix this....

What is more important is that there is going to be a lot more gold reclassified, and its high grade gold at that for open pits, the minimum is 1.9g/t!

I also wonder how much extra gold would be added if they raised the pit optimization price to A$1500? Other companies are even using A$1650 for their pits....

For those interested, this old broker report goes into a lot more detail about what BLK is hopefully going to find/prove up.

Paradigm Securities 2015