we (company + shareholders) have need a long time to bring this company down. Today we also know who are the acting persons which will be responsible. But that´s the past !!! Hopefully we will learn (also as shareholder) how to eleminate those failures !
Anyway, now we live in different times ; POG is really high which plays in cards. AISC at this time will be approx. by 1700/2000 A$. So we produce the ounce to a price less the actual POG. That´s good. we still not losing money.
in this circumstances we are able to take the time to resolve cycles/processes/ workflows etc. to a much better flow. Be glad we are in times where the POG is where it is. Now we are able to get mas/menos 1 K each oz of production as return. Remember one year ago. That was the time when we where in a short distance to drowing. Today we are in a really better shape.
I agree, if there is nothing more as corona we will survive ; another big downturn which nobody knows is maybe able to destroy us. At the point of today, we will see a lot of other companies going down before that will happen to BLK, reg. the actual fundamentals. The gold is there, it is not running away to another tenement. That´s what count.
elsolivars
BLK Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
