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20.5¢ wiluna mining corporation limited.

Ann: Further Outstanding Wiluna Drilling Results, page-25

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hopefull4ever

1,236 Posts.

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05/07/17

10:15

Post #: 25672578
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Originally posted by CashedUpBogun ↑

Its all about timing. BLK have enough reserves in front of them for the next three years.

The primary issue right now is whether BLK is a viable and profitable operation - the market has lost confidence in the project, reflected in the MC.

BLK is struggling to produce at nameplate and is haemorrhaging cash, so you think it's a smart idea to plow money into non-production related drilling? You have missed a step. Reserve drilling is what you do when operating at a profit.

The last three years has been a very busy M&A-wise for Aussie gold producers - this project has stayed off everyone's list, despite an huge resource base and existing infrastructure. Red flag right there.

This sad episode can only be described as window dressing. The question is, are even the Chinese gullible enough to take a punt?

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SBM could take out BLK in a single gulp. THey have just announced record production and 160mill in the bank and no debt. WE need their management and guidance and this mine will fly. Come on SBM takes us out.

BLK Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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