BLK Undervalued Proposition - Gold Producer/Developers Comparisons, page-22

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GravityWaves

1,650 Posts.

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12/05/20

21:35

Post #: 44583726
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Originally posted by elsolivars: ↑

we can all be glad that the POG is where it is;

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

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"AISC at this time will be approx 1700/2000 A$"

@elsolivars, BLK's revised (downgraded) guidance for FY20 is 66,000oz @ AISC $1,875/oz.

Up to the end of Mar'20 (FY20 YTD) they've produced 50,518 oz @ AISC $1,708 /oz. If BLK manage to achieve their FY20 production expectations of 66,000 oz @ AISC $1,875/oz, the maths suggests a production of around 15,500 oz @ AISC $2400+ for the Jun'20 quarter. If they produce more than 15,500oz it will help to reduce the expected very high Jun'20 AISC.

If the AISC for the Jun'20 quarter ends up being as you're suggesting (i.e. $1700 - 2000/oz), BLK will have produced a small production miracle (which is probably unlikely considering their Mar'20 production of 12,950 oz @ AISC $2,287/oz).

Last edited by GravityWaves: 12/05/20

BLK Price at posting: 1.0¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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