Gold Turnaround Story of 2018, page-266

@blister The slide is due to 2017 issues around over promising and under delivery and then having to s end a tonne of time stripping the main mining site from top soil with very little gold return. So in 2017 high cost and little return. Hence the $14m loss. These issues are now sorted as the mine has hit high grade gold and in Jan they did 6.5koz at $450 per oz profit. Looking at the last activities report they estimate 40-45koz for H1 runrate with gold price increasing to approx $1720oz compared to them selling on ave for $1650. So profit margin should be well up for H1. Now extrapolate that into H2 and you get north of $36m profit minus any costs above AICS. At PE of 10 this is a 20-25c stock once the market catches onto the fact that BLK is out of the dolldrums. Easy 4-5 bag from here.