Hi Nihlisim, i might have missed this in guidance somewhere, but...

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CaptainGrumpy

4,596 Posts.

177

10/04/18

13:17

Post #: 32346775

Originally posted by nihilism ↑

The stockpile amounts dropping was semi-expected due to the strip ratio increasing to over 5 for this month, however you're correct, they were a bit optimistic in their previous monthly announcement.

Here is the 'to date' strip ratio and AISC for BLK on a graph, with data reconciled below. I've also put the June quarter 'expected' in and it seems to line up with historical for this company. The variance from the line is likely caused by recovery which was the major disappointment for me in march but didnt expect the market to react like that.

View attachment 1050304

Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9

1 Jun-17 Sep-17 Dec-17 Jan Feb March Total Mar 18 Jun-18

2 oz 15720 15619 14922 6498.2 6713.3 7419.2 20631 21000

3 Grade 1.281 1.4 1.135 1.36 1.542 1.597 1.504 1.6

4 AISC 1758 2236 1882 1158 912 1197 1092 1150

5 Milled 416.1 379.4 443 163 150 165 477 450

6 Rec 91.7% 91.5% 92.3% 91.2% 90.6% 87.8% 89.4% 92

7 SR 11.7 26.8 10.2 3.6 1.5 5.2 2.5 4.5

Expand

Hi Nihlisim, i might have missed this in guidance somewhere, but where did you get the June qtr SR and recoveries from? cheers

BLK Price at posting: 8.5¢ Sentiment: None Disclosure: Not Held

1 Upvote

0 Great analysis

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	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9
1		Jun-17	Sep-17	Dec-17	Jan	Feb	March	Total Mar 18	Jun-18
2	oz	15720	15619	14922	6498.2	6713.3	7419.2	20631	21000
3	Grade	1.281	1.4	1.135	1.36	1.542	1.597	1.504	1.6
4	AISC	1758	2236	1882	1158	912	1197	1092	1150
5	Milled	416.1	379.4	443	163	150	165	477	450
6	Rec	91.7%	91.5%	92.3%	91.2%	90.6%	87.8%	89.4%	92
7	SR	11.7	26.8	10.2	3.6	1.5	5.2	2.5	4.5

Hi Nihlisim, i might have missed this in guidance somewhere, but...

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