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06/06/19
12:29
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Originally posted by satan1:
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Macro's, mergers, toll treatment aside (as these aren't 100% in BLK control) investors still need to look at the actual project. There's 7 months? Ex-pit high grade remaining from pits that have not performed to date. Then Williamson which imo is better but has a large pre-strip and will provide 11 months feed. Beyond that you are looking at small tonnage underground eg. Not enough for the mill or a large capital raising for a sulphide underground play. Its a punt on the asset value actually is or if they can pull off a m&a. They will will need help to carry the pre-strip of Williamson.
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I reckon BLK might be a profitable mining company if the gold fairy sprinkled a few 'Beta Hunt Mine Miracles' at Wiluna....extremely unlikely to happen but nevertheless, it's good to see what decent grades look like in contrast to Wiluna dirt....https://www.abc.net.au/news/2019-06-06/spectacular-rare-gold-specimens-unearthed-at-beta-hunt-mine/11174958