- Less grade ore from this quarter was predicted. Strip ratio increased for M4 pit expected. It depends on how they are doing AISC.
- We all knew this was coming. (I did not think the share price would be hammered as much). If anyone thinks this is automatically become an NST you have to joking.
The next quarter will improve. Not on production, but cost.
- Disappointed in net debt achievement.
-However they are spending on Lakeway etc. which is now an added cost to production/development. Which could turn into something. (why are they even concentrating on this?).
Potash/fertiliser prices have been low. So they better produce some good % drilling for someone to pay attention.
- Market (retail inv.) were expecting 22-24K prod. @ $1,100 ASIC. For the share price to go to 12-13 cents.
- Hoping for a big decrease in ASIC this quarter to the lower range of $1,250.
- Still holding, however why worry about Potash/fertiliser at this stage of the game? Get your own Gold production together first.
- As far as the announcement, potential tailings dam upgrade. They definitely do not to be a growth company. AISC at that grade would be marginally profitable. ($100-$150 oz @ current price). I think they are using this to increase indicated resource. The plant is running at full capacity anyway.
-Still holding. Sometimes it makes me wonder.
BLK Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
