This is an article that was emailed to every hotcopper member by the team HC thread.
FINALISED: 03-03-16 PUBLISHED: 03-03-16
BLK is Australia’s Next Gold Producer
There is no doubt about it, Aussie gold stocks are surging and with many of Australia’s gold mines now locally owned and operated, mergers and acquisitions interest is on the rise.
Which is good news for the junior players – especially those that are fully financed, and readying themselves for production.
One stock that stands out has an imminent date for production start and its first gold pour.
This company is next in line to join the ranks of the ASX’s gold producers – and it has the quickest payback for shareholders in terms of upfront cashflow.
The timing of this move to production looks right, given the focus the market has recently had on high potential gold stocks.
Here at the Next Mining Boom we’ve been following Blackham Resources (ASX:BLK) for almost one year now; and it would seem we’ve got our hands on one of the most intriguing junior gold plays currently out there.
However at the same time, this is still a junior resources company and a speculative stock – it’s always a good idea to seek professional advice before choosing to invest in stocks like BLK.
During the course of this past year, BLK has progressed its Matilda Gold Project to now stand on the precipice of gold production – this will happen in the coming months.
We are witnessing BLK’s metamorphosis from a golden caterpillar full of potential into a butterfly ready for gold production.
BLK’s share price illustrates just how strong this growth has been. BLK was the second best performing Aussie gold stock in 2015 and has doubled in price during 2016. We first shone the spotlight on BLK back in May 2015, in the article ASX Junior to Unleash 100koz pa Gold Machine: Funding Now Secured – since then the stock has been up over 200%:
The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.
BLK has just finalised its much anticipated Definitive Feasibility Study (DFS) and improved its project economics in several key areas which means BLK are targeting 100,000oz of gold production by Q3 2016 – that’s a very rapid five months from the development decision.
As the BLK continue with this momentum, it may be difficult getting a look in if investors wait until the production milestone is reached…
BLK Price at posting:
43.5¢ Sentiment: Hold Disclosure: Not Held
