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14:52
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Originally posted by GravityWaves:
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"What they are saying is that for the next 18 months they will do this..."26/10/17 (Sep'17 qtr pg.1 & pg.5) "Expansion Definitive Feasibility Study (Expansion DFS) well advanced.""The Expansion DFS is now expected to be completed by the end of the Jun'18 quarter. " "Expansion Definitive Feasibility Study (Expansion DFS) is well advanced with the bulk of expenditure already incurred." 16/04/18 (Mar'18 qtr pg.6)"The Expansion DFS is well advanced with the bulk of expenditure already incurred." 28/02/19 (Feb'19 presentation pg.5) "DFS on Stage 1 and 2 expansion to be completed in the Sep'19 quarter ." 03/02/20 (Feb'20 presentation pg.18) "Stage 2 expansion to 250kozpa planning/feasibility to commence in 2020 / 21 ". (...it begs the questions: "How well advanced was BLK's 250kozpa expansion DFS between Sep'17 to Feb'19 & also...."If the bulk of the 250kozpa DFS expenditure has already occurred, how is it that BLK are supposedly only 'commencing' Stage 2 planning/feasibility sometime in the next 6 months?" (according to the Mar'20 quarterly pg.9)
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My thoughts Gravity is that they they can only release a DFS based on proving sulphides in resource and reserve category rather than just inferred.
