Interestingly, when Apex Minerals was running Wiluna in April 2012, the departure of Mark Ashley (soon after the successful completion of a $22.2m rights issue) didn't result in any miraculous (profitable) gold production outcomes for the company. It's probably unlikely the departure of Bryan Dixon will change anything for BLK in terms of production profitability.
The overwhelming problem is the absence of adequate high-grade free-milling oxides to keep feeding the mill ('mining constrained' in the words of BLK management). The Wiluna dirt is what it is.
BLK Price at posting:
1.0¢ Sentiment: Sell Disclosure: Not Held
