Ann: BW Equities Research Report on Blackham, page-11

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cjbjb2702

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02/12/15

12:59

Post #: 16529107
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Originally posted by reggie78 ↑

Homey,

To be fair, myself and the market including Grumpy expected more of the recent infill drilling to be included in the PFS....not many would have expected PFS to be on scoping study alone and none of the recent results, so yes were a little disappointed an as a result of these results not being included the AISC as you mention is higher....but once you look you realise it's still a good project especially given the fact there's a lot more still to come, now for DFS, so let's see what happen there?

I am purely assuming things I post and most the time ask as a question, is this possible?

I only assume these things based on a lot of research on not only BLK but lots of others, that's how I assumed they would produce over 100k/oz pa and look in the PFS they say that, I expect DFS this will more consistent!

In relation to POG if it goes as low as you are worried and BLK project is no longer profitable then I hate break the news to you but nor will most other producers, even BLK high PFS AISC is comparable in the sector...

Sure Williamson is 20kms away, but I think Matilda is 15km for memory? So not sure the extra 5 k will make a lot of difference, reckon the quality of the ore( bulk tonnage) should win over!

I think from memory RMS cart 1.7g/t a lot further than 20km maybe even 100km and still profitable.

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I'm happy buying on these dips, as I see no reason for these sell downs (on low volume).
To me it looks to be someone shaking the tree a bit, if i'm wrong I'm wrong. My bad. But I don't think so!

BLK Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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