There has been little relevant information released apart from studies.
Management needs to disclose ASAP:
1. Production update
2. AISC- what is the cost of production
3. Grades being extracted
4. How much cash they have
If they can achieve 10,000 - 15,000 oz per quarter at sub $1500 AUD per oz, then share price could kick-up very fast. 50 cents possible here.
Really interested what cashflow looks like.
My view is that the main reason that the new facility was entered into was that since orion had security over its $40M debt, no one else would want to stand behind them.
BLK has to make a payment by December 2017, so positive cashflow is needed.
Looking forward to see Qtrly in 2 -3 weeks.
It either works or it doesn't. It is Black or white.
BLK Price at posting:
23.0¢ Sentiment: Hold Disclosure: Not Held
