Ann: Another Record Month of Gold Production for Blackham, page-25

Really gotta agree with you here. I thought when this was posted in DT thread and looked at the MC that I would find that the reserves were low or that this was off-trend etc...

but everything I look at seems pretty good... The current fully diluted MC is ~105million at 6cents... and if they meet production targets they should net (worst case based on their projections) around 32million in profit this year ($1200 AISC and 80koz total production).. they should have net cash in hand at that point also of ~20million...

Gold is mid-cycle too so prices are expected IMO to go up from current levels rather than down.

I'm in today.