I know it's probably not popular for measured opinion but here goes:
AISC is low for a solitary quarter due to finally being down on full benches at obviously low strip portions of the main ore supply, bottom of the pit.
The reason they struggled in the first place is they left the waste strip build up and key holed the pits leaving them way out of sync in the Dec quarter.
No they have limited free milling resources and a tight timeline to drill, prove and gain approval in time to maintain ore supply for the next 24 months.
They also need to pay off their debt, Orion first so they have control of their exploration spend to do the above.
Then BLK must pocket enough profit to partially fund the sulfide expansion or they are dead in the water as they have burned most likely financiers.
If everything clicks it could be a great outcome but management will meet to be far more pragmatic with their planning than they have proved capable so far.
BLK Price at posting:
7.2¢ Sentiment: None Disclosure: Not Held
