BC8 10.6% 36.5¢ black cat syndicate limited

Ann: Quarterly Activities Report and Appendix 5B, page-3

  1. 12,108 Posts.
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    Take homes.

    Heaps of holes to come and assays flow picking up.
    2 new open resources at the Majestic mining centre. (Doubt bc8 will run out of gold for decades given the open resources and 800s/km leases imo)
    Mills almost fully refurbed ready for site.
    Securing all major mill components.
    Reoptimize larger through put for the 800k p/a mill and larger mining fleet.
    More resource upgrade an a small maiden reserve coming. (wont be large to begin with imo. Would needs to be enough to show some 3-4 years mine life at a rough guess. BC8 can keep converting as you go just like Silverlake did. The gold is clearly there to keep adding reserves.)
    Environmental and tailings permits due for approval before xmas.
    Engineering design completed.
    Completion of Pre-Fes study this qrt.
    Approx $10m to get the final stages done ready for last debt/finance.

    All in all, its clear that BC8 is lining up all the ducks as fast as they can for a build to start in the first half. We are just about to step into October, so its quickly closing in on us.
 
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