Here's a snippet of the resources they've added recently through exploration:
Also, in relation to the debt they have stated that:
- the Orion debt will be fully repaid by end of 2018 from profits
- the Company will be net-cash (more cash at bank then debt) by end of 2018
So at end of 2018 they will only have the MACA debt to repay ($14m only) for which repayments should start from March 2019, but start date is negotiable depending on when the Orion debt is repaid.
On top of that the Company will keep increasing its Resources by continuous drilling from now until then.
Cheers,
GB.
BLK Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held