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20.5¢ wiluna mining corporation limited.

Ann: Matilda Approvals & Funding Drawdown-BLK.AX, page-32

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meric

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17/06/16

17:01

Post #: 18059792
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Originally posted by feen420 ↑

I too think BLK represents the best value goldie on ASX today. It's time will come, provided it can get up and running at anywhere near budget.

Assuming less than budget of 90,000 oz per annum at AUD $1,300 AISC. That would still leave around $3-$400 an ounce profit and earnings of at least $20 mill, or around on 1/6 of current market cap.

There is not many goldies left on the ASX trading at low single digit 12 month forward p/e's like BLK.

Any rise in AUD POG from here will purely be a bonus. Whereas a lot of other goldies would definitely require a rising POG to get higher valuations.

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from the AMEC presentation.

"EBITDA +$63Mpa"

I hope it's more than $20m cash-flow!

BLK Price at posting: 48.5¢ Sentiment: Hold Disclosure: Held
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