BLZ Summary

BLZ

Shares on issue - 210,000,000

Market Cap - 3.15 Mill at 1.5 cents

Directors
David Wheeler
Simon Coxhell
Maciej Rosiewicz

Top 20 shareholders - own 61.32%
Great Southern Flour Mills Pty Ltd (9.52%) - Matthew Walker (crops flour) dont know why he has shares in this company
McNeil Nominees Pty Ltd (6.40%) -
Gavin Jeremy Dunhill (4.98%) -

Cash on hand as at 31/03/2020 - $1,375,000
Estimated costs a quarter - $153k (9 quarters)

Projects

Kirkalocka Project - near the Thundlarra Project(owned by Ora Gold - 10 mill MC)
- Waiting for recommencement

Leonora Project
- completed reconnaissance aircore drilling program (42 holes for 1,940 metres)
- 2 holes (4m @ 1.52 g/t AU and 8m @ 0.25 g/t)

New Applications
- applied for 3 exploration licenses (440 kilometres)
- JV - Blaze 90%, private entity 10%
- north eastern gold fields
- been pegged covering Jimberlana Dyke  for nickel and Binneridgie


Pros
- low SOI, tight top 20, cashed up, gold

Cons
- distance to port, lack of drilling, Directors no skin in game, board changes

Assessment
- Most likely a waiting game here, not sure when next results could be released. I think still waiting. More awaiting the Kirkalocka Project which they aint even drilling atm.

Currently - fairly valued