@chris6, looking at BLK's production & cost summary on page (5), their AISC YTD is $1,708/oz & doesn't include non-sustaining costs. Additionally their FY20 YTD achieved gold price is only $2,054/oz & nowhere near the current gold spot price of $2700/oz.
Perhaps BLK should update their projected revenue spreadsheets based on a modest (but achievable) annual production of 65k - 70koz & AISC somewhere north of $1900+ /oz (until they've installed & commissioned their Stage (1) expansion). In the absence of securing a $40m project loan for Stage (1), another major re-capitalisation in the next 12 months is probably likely IMO.
Although the POG is sky-high at $2700/oz, BLK isn't making the money that you're suggesting.
BLK Price at posting:
1.1¢ Sentiment: Sell Disclosure: Not Held
