From memory the 8M oz+, you are referring to stood for 4Moz that had already been mined in history to date + the current 4.3Moz resource we have to date with Wiluna & Matilda..
The 35M oz is the regional endowment, as it says on the map of the region and surrounding mines!
Not to say there is not 8M+ oz at our site, just has taken 2 years to drill resource of 1.5M oz at Matilda, to expect more than 2M oz exploration upside in next 12-24 months may be misleading, people might feel let down if it doesn't happen? But on the other hand it may happen especially if they hit the jackpot at Galaxy and Williamson!!
I am conservative, additional 2M oz in next 18-24 months, will give us 6.3Moz, and 500-600,000 ounces in reserve, with further exploration upside which is very good comparable to most Australian gold companies!
BLK Price at posting:
21.0¢ Sentiment: None Disclosure: Held
