Gold Turnaround Story of 2018, page-39

If you have a look at Blackham table (from BLK report) they have Proven reserves of approx. 140K oz.
In which a lot is from the underground mine.
There is a difference between proven reserves and reserves. The underground mine production has improved. However there is a lot of stopping to get to this reserve. Yes BLK have a lot more reserves but they have to prove them.
If we are talking next 6-12 months they seem similar if you have a look at their reports. I do not care about the rest of probable etc reserves. ie 6 mill. oz. You have to spend money and BLK feasibility study on 200K oz has been put on the backburner for good reason.
I own BLK shares but MOY have a way better plant to do two processes of ore. BLK need this and that would cost $50 mill upwards.
I think track record (ie Brian Dixon who has to go) are worlds apart.